Nasdaq Edges Lower; AXT Shares Surge After Q4 Results

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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 0.2% on Friday.

The Dow traded up 0.23% to 39,158.52 while the NASDAQ fell 0.19% to 16,011.27. The S&P 500 also rose, gaining, 0.11% to 5,092.83.

 

Leading and Lagging Sectors

 

Utilities shares rose by 0.8% on Friday.

In trading on Friday, energy shares fell by 0.5%.

 

Top Headline

 

The total number of active U.S. oil rigs climbed by 6 rigs this week, Baker Hughes Inc reported.

 

Equities Trading UP

 

AXT, Inc. (NASDAQ: AXTI) shares shot up 79% to $4.0811 after the company reported better-than-expected fourth-quarter financial results.

Shares of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) got a boost, surging 60% to $8.16 after the company reported better-than-expected fourth-quarter financial results.

Carvana Co. (NYSE: CVNA) shares were also up, gaining 31% to $68.60 after …

Full story available on Benzinga.com


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