U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Friday.
The Dow traded down 0.49% to 39,585.67 while the NASDAQ rose 0.26% to 16,444.91. The S&P 500 also rose, gaining, 0.01% to 5,241.56.
Check This Out: These 3 Risk Off Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Communication services shares jumped by 0.8% on Friday.
In trading on Friday, real estate shares fell by 1.1%.
Shares of Lululemon Athletica Inc. (NASDAQ:LULU) fell more than 15% during Friday’s session after releasing fourth-quarter results.
Lululemon posted better-than-expected results for its fourth quarter, but issued a weak forecast for the first quarter.
The company said it sees first-quarter revenue in the range of $2.175 billion to $2.2 billion versus estimates of $2.25 billion. The company anticipates first-quarter earnings of $2.35 to $2.40 per share versus estimates of $2.55 per share, according to data from Benzinga Pro.
Summit Midstream Partners, LP (NYSE:SMLP) shares shot up 38% to $26.85 after the company announced the sale of its Utica position for $625 million.
Shares of Outlook Therapeutics, Inc. (NASDAQ:OTLK) got a boost, surging 19% to $8.40 after the company announced it received a positive European Union CHMP opinion for ONS-5010 as a treatment for Wet AMD.
Intellicheck, Inc. (NASDAQ:IDN) shares were also up, gaining 70% to $2.98 after the company reported a year-over-year increase in fourth-quarter EPS results.
Cutera, Inc. (NASDAQ:CUTR) shares dropped 29% to $1.6391 after the company reported worse-than-expected fourth quarter adjusted EPS results.
Shares of Sintx Technologies, Inc. (NASDAQ:SINT) were down 31% to $0.0941 after the company announced a proposed public offering of common stock.
Ispire Technology Inc. (NASDAQ:ISPR) was down, falling 26% to $5.97 after the company announced the pricing of its public offering of 2.05 million shares of common stock at $6.00 per share.
Also Check This Out: Top 3 Materials Stocks That Could Blast Off In Q1
In commodity news, oil traded down 0.5% to $80.63 while gold traded down 0.9% at $2,164.20.
Silver traded down 0.6% to $24.85 on Friday, while copper fell 1.2% to $4.0090.
European shares were mixed today. The eurozone’s STOXX 600 fell 0.03%, London’s FTSE 100 jumped 0.61% while Spain’s IBEX 35 Index rose 0.70% The German DAX rose 0.15% French CAC 40 fell 0.34% while Italy’s FTSE MIB Index rose 0.05%.
The Ifo Business Climate indicator for Germany climbed to 87.8 in March from February's revised reading of 85.7. German import prices declined 5.9% year-over-year in January.
Retail sales volumes in the UK came in unchanged for February, while UK’s GfK Consumer Confidence indicator came in flat at -21 in March.
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.18%, Hong Kong’s Hang Seng Index falling 2.16%, China’s Shanghai Composite Index falling 0.95% and India’s S&P BSE Sensex gaining 0.26%.
Foreign direct investment into China dipped by 19.9% year-over-year to CNY 215.1 billion during the first two months of the year. The annual inflation rate in Japan accelerated to 2.8% in February from 2.2% a month ago.
The total number of active U.S. oil rigs fell by 1 rig this week, Baker Hughes Inc reported.
Now Read This: Around $5M Bet On This Communication Services Stock? Check Out These 4 Stocks Insiders Are Buying
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.