Crude Oil Moves Higher; Newell Brands Issues Weak Outlook



U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining over 1% on Friday.

The Dow traded down 0.09% to 38,691.21 while the NASDAQ rose 1.26% to 15,992.17. The S&P 500 also rose, gaining, 0.55% to 5,025.21.

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Leading and Lagging Sectors


Information technology shares rose by 1.4% on Friday.

In trading on Friday, energy shares fell by 1.2%.


Top Headline


Newell Brands Inc (NASDAQ: NWL) reported upbeat sales for its fourth quarter, but issued a weak forecast.

The company reported fourth-quarter revenues of $2.076 billion, beating the analyst consensus of $1.980 billion. Revenues fell 9.1% year over year. Normalized EPS of 22 cents topped the consensus of 17 cents.

The company sees FY24 sales decline of 8% to 5%. Newell Brands sees adjusted EPS of 52 cents to 62 cents versus estimates of 77 cents.


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