U.S. stocks traded lower midway through trading, with the Dow Jones falling around 300 points on Friday.
The Dow traded down 0.64% to 45,328.48 while the NASDAQ fell 0.28% to 21,646.17. The S&P 500 also fell, dropping, 0.55% to 6,466.40.
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Leading and Lagging Sectors
Materials shares jumped by 0.8% on Thursday.
In trading on Thursday, financial stocks fell by 1.3%.
Top Headline
ABM Industries Inc. (NYSE:ABM) reported mixed fiscal third-quarter 2025 results.
The company posted revenue of $2.22 billion, up 6.2% from $2.09 billion a year earlier. Analysts expected $2.15 billion. Adjusted net income was $51.7 million, or 82 cents per diluted share. It missed the 95-cent estimate and was down from $53.6 million, or 84 cents per diluted share, in the prior year.
Looking ahead, ABM narrowed its fiscal 2025 adjusted EPS outlook to $3.65, the low end of its …