Dow Tumbles 400 Points; Carnival Shares Fall After Q1 Earnings

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U.S. stocks traded lower this morning, with the Dow Jones index falling more than 400 points on Friday.

Following the market opening Friday, the Dow traded down 0.89% to 45,551.20 while the NASDAQ fell 1.27% to 21,136.11. The S&P 500 also fell, dropping, 0.91% to 6,418.40.

Leading and Lagging Sectors

Energy shares climbed by 1.2% on Friday.

In trading on Friday, consumer discretionary stocks fell by 2%.

Top Headline

Shares of Carnival Corporation (NYSE:CCL) fell around 3% on Friday after the company reported upbeat earnings for the first quarter, but lowered its earnings guidance.

The company posted quarterly earnings of 20 cents per share which beat the analyst consensus estimate of 18 cents per share. The company reported quarterly sales of $6.165 billion which beat the analyst consensus estimate of $6.134 billion.

Equities Trading UP
           

  • Artelo …

Full story available on Benzinga.com

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