AllMarket Update
logoArgusMarch 19, 2021

Market Update: DRI, SRE, WSM, AWK, ABBV

Utilities, Healthcare, Consumer Cyclical

Stocks were mixed on Friday morning after paring early losses, with gains in the Communication Services and Energy sectors and declines in Financials. On the earnings front, FedEx shares rose more than 6% after the company posted strong fiscal 3Q results and issued better-than-expected full-year EPS guidance. Nike shares fell 4% after the company missed the consensus sales forecast for fiscal 3Q. The Dow fell 0.5%, the S&P fell 0.1%, and the Nasdaq rose 0.6%. Crude oil traded near $60.50 per barrel, while gold rose $1 to $1734 per ounce.

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