Dow Moves Lower; Colgate-Palmolive Earnings Top Views

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 1% on Friday.

The Dow traded down 0.16% to 42,304.57 while the NASDAQ rose 1.25% to 18,645.16. The S&P 500 also rose, gaining, 0.53% to 5,840.72.

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Leading and Lagging SectorsInformation technology shares rose by 1.4% on Friday.

In trading on Friday, utilities shares fell by 0.8%.

Top Headline

Colgate-Palmolive Company (NYSE:CL) reported better-than-expected earnings for its third quarter.

The company posted adjusted earnings per share of 91 cents, beating the street view of 89 cents. Quarterly sales of $5.033 billion (+2.4%) beat the street view of $5.003 billion, driven by a "healthy" balance of volume growth and higher pricing.

Equities Trading UP                       

• Upexi, Inc. (NASDAQ:UPXI) shares shot up 225% to $9.75 after the company said it is currently reviewing trading activity to determine if recent activity involved possible stock manipulation.
• Shares of AgEagle Aerial Systems, Inc. (NASDAQ:UAVS) got a boost, surging 28% to $2.2050.
• ARB IOT Group Limited (NASDAQ:ARBB) shares were also up, gaining 73% to $0.5720.

Equities Trading DOWN

• Top Wealth Group Holding Limited (NASDAQ:TWG) shares dropped 84% to $2.1096.
• Shares of Capri Holdings Limited (NYSE:CPRI) were down 47% to $21.93 following a report alleging that a judge blocked the company from being acquired by Tapestry. The company intends to jointly file Tapestry a notice of appeal regarding the court’s decision.
• Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was down, falling 40% to $2.4450. The Board of Evolv Technology determined that certain financial statements should not be relied upon.

CommoditiesIn commodity news, oil traded up 1.6% to $71.28 while gold traded down 0.1% at $2,748.70.

Silver traded up 0.4% to $33.925 on Friday, while copper rose 0.5% to $4.3720.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 slipped 0.03%, Germany's DAX gained 0.11% and France's CAC 40 fell 0.08%. Spain's IBEX 35 Index fell 0.23%, while London's FTSE 100 fell 0.25%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.60%, Hong Kong's Hang Seng Index gaining 0.49%, China's Shanghai Composite Index gaining 0.59% and India's BSE Sensex falling 0.83%.

Foreign exchange reserves held by the Reserve Bank of India declined to $688 billion as of Oct. 18, from $704.9 billion in the final week of September.

Economics

• The University of Michigan consumer sentiment for the US rose to 70.5 in October compared to a preliminary reading of 68.9.
• U.S. durable goods orders fell by 0.8% to $284.8 billion in September compared to a revised 0.8% fall in August.

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