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U.S. Stocks Rise as Crude Oil Gains 1 Percent

U.S. stocks traded mostly higher on Friday with the Nasdaq Composite up 1.5 percent. Fluor shares fell sharply after the company reported first-quarter earnings and revenue that missed analyst estimates. Westrock Coffee and Innodata shares rose after posting stronger-than-expected quarterly results.

Benzinga
1 source·May 8, 5:16 PM(12 hrs ago)·1m read|
U.S. Stocks Rise as Crude Oil Gains 1 PercentBenzinga
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U.S. stocks traded mostly higher midway through the session on Friday. The Nasdaq Composite rose 1.5 percent to 26,191.87 while the S&P 500 gained 0.79 percent to 7,394.79. The Dow traded 0.06 percent lower at 49,564.80. Information technology shares rose 2.1 percent, leading sector gains. Health care stocks fell 0.9 percent, lagging the broader market.

Fluor shares fell around 12 percent after the company reported first-quarter earnings of 14 cents per share, missing the analyst consensus estimate of 62 cents per share. The company also reported quarterly sales of $3.663 billion, below the consensus estimate of $3.894 billion.

Westrock Coffee shares rose 39 percent to $8.18 after the company reported better-than-expected first-quarter sales. Innodata shares surged 88 percent to $85.70 after the company reported better-than-expected first-quarter financial results. The moves reflect varying corporate performance in the first quarter of 2026.

Market participants continued to monitor quarterly results across sectors as the reporting period advanced.

Key Facts

Nasdaq Composite
up 1.5% to 26,191.87
Fluor earnings
14 cents vs 62 cents expected
Fluor revenue
$3.663B vs $3.894B expected
Westrock Coffee
shares up 39% to $8.18
Innodata
shares up 88% to $85.70
marketsearningsoil-marketsector-performance

Potential Impact

  1. 01

    Innodata shares rose 88 percent after beating first-quarter expectations.

  2. 02

    Fluor shares declined about 12 percent following the earnings release.

  3. 03

    Westrock Coffee shares increased 39 percent on stronger sales results.

  4. 04

    Information technology sector outperformed with a 2.1 percent gain.

Transparency Panel

Sources cross-referenced1
Confidence score65%
Synthesized bySubstrate AI
Word count159 words
PublishedMay 8, 2026, 5:16 PM
Bias signals removed2 across 1 outlet
Signal Breakdown
Loaded 1Editorializing 1
Original Sources
BenzingaCrude Oil Gains 1%; Fluor Shares Plunge After Q1 Results

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