U.S. stocks traded lower this morning, with the Nasdaq Composite dipping more than 2% on Friday.
Following the market opening Friday, the Dow traded down 1.50% to 43,468.44 while the NASDAQ dipped 2.22% to 20,653.99. The S&P 500 also fell, dropping, 1.71% to 6,231.17.
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Leading and Lagging Sectors
Consumer staples shares jumped by 0.7% on Friday.
In trading on Friday, consumer discretionary stocks dipped by 3.7%.
Top Headline
Apple Inc. (NASDAQ:AAPL) posted stronger-than-expected third-quarter results.
The iPhone maker reported fiscal third-quarter revenue of $94 billion, beating analyst estimates of $89.04 billion by 5.6%. Earnings per share came in at $1.57, surpassing the consensus estimate of $1.42 per share, according to Benzinga Pro data.
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