US benchmark equity indexes are on track to close mixed on Friday, after markets evaluated comments by Federal Reserve Governor Michael Barr.
The Dow Jones Industrial Average dropped 0.2% to 41,288.0, while the Nasdaq Composite increased 0.1% to 17,938.5. The S&P 500 was up less than 0.1% at 5,666.2. Energy sector posted the highest gains, while healthcare had the steepest decline.
Insulet (PODD) shares were up 21%, the top gainer on the S&P 500. The company late Thursday raised its full-year constant currency revenue growth outlook following a Q1 sales beat.
Microchip Technology (MCHP) was the second-best performer on the S&P 500, up 12%. The company reported fiscal Q4 non-GAAP earnings and sales late Thursday above consensus expectations, and issued Q1 outlook on adjusted earnings and sales that was also above the average analyst forecast.
Akamai Technologies (AKAM) shares sank 10% intraday, the steepest decliner on the S&P 500. The company raised the lower ends of its full-year adjusted EPS and revenue guidance. Akamai also reported Q1 earnings and revenue that beat consensus forecasts.
The 10-year US Treasury yield gained 0.1 basis points to 4.4%, while the two-year rate was up 1.1 basis points to 3.9%.
June West Texas Intermediate crude oil was up 1.9% to $61.03 a barrel.
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