Mid-Day Market Update: CAI International Gains On Strong Results; Adamis Pharmaceuticals Shares Slide
April 21, 2017 - 12:09pm
Midway through trading Friday, the Dow traded down 0.04 percent to 20,570.44 while the NASDAQ declined 0.14 percent to 5,908.32. The S&P also fell, dropping 0.19 percent to 2,351.31.
Leading and Lagging Sectors
On Friday, the utilities sector proved to be a source of strength for the market. Leading the sector was strength from Middlesex Water Company (NASDAQ: MSEX) and RGC Resources Inc. (NASDAQ: RGCO).
In trading on Friday, energy shares fell by 0.49 percent. Meanwhile, top losers in the sector included CARBO Ceramics Inc. (NYSE: CRR), down 6 percent, and W&T Offshore, Inc. (NYSE: WTI), down 5 percent.
General Electric Company (NYSE: GE) reported better-than-expected earnings for its first quarter on Friday.
GE posted adjusted earnings of $0.21 per share in the quarter on revenue of $27.7 billion; Analysts were expecting the ...Full story available on Benzinga.com
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