Crude Oil Surges 3%; RBC Bearings Earnings Top Views

U.S. stocks traded lower midway through trading, with the S&P 500 falling more than 1% on Friday.

The Dow traded down 1.08% to 49,529.29 while the NASDAQ dipped 1.42% to 26,258.29. The S&P 500 also fell, dropping, 1.16% to 7,414.40.

Leading and Lagging Sectors

Energy shares jumped by 1.5% on Friday.

In trading on Friday, materials stocks fell by 2.1%.

Top Headline

RBC Bearings Inc (NYSE:RBC) reported upbeat earnings for the first quarter on Friday.

The company posted quarterly earnings of $3.62 per share which beat the analyst consensus estimate of $3.32 per share. The company reported quarterly sales of $518.000 million which beat the analyst consensus estimate of $506.590 million.

Equities Trading UP
           

• Hcw Biologics Inc (NASDAQ:HCWB) shares shot up 283% to $1.29 after the clinical-stage biopharmaceutical company posted first-quarter results.
• Shares of Gemini Space Station Inc (NASDAQ:GEMI) …

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