finance
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.
May 8, 1:16 PM·1m read1 source
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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.
