U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Friday.
The Dow traded down 0.56% to 45,765.84 while the NASDAQ fell 1.18% to 21,829.08. The S&P 500 also fell, dropping, 0.80% to 6,553.81.
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Leading and Lagging Sectors
Energy shares climbed by 1% on Friday.
In trading on Friday, consumer discretionary stocks fell by 1.3%.
Top Headline
Xpeng Inc – ADR (NYSE:XPEV) shares fell around 6% on Friday after the company reported worse-than-expected fourth-quarter sales results and issued soft first-quarter delivery guidance.
The company delivered 22.25 billion Chinese yuan ($3.18 billion) in quarterly revenue, a 38.2% year-over-year (Y/Y) jump that landed just shy of the $3.32 billion analyst consensus forecast.
Equities Trading UP
- Scholastic Corp (NASDAQ:SCHL) shares shot up 12% to $38.20 after the company reported better-than-expected third-quarter adjusted EPS results. Also, the company announced a $200 million …