This roundup covers Friday's markets, including higher oil prices and SLB's earnings. Oil rose 4% to $103.38.
SLB shares advanced around 7% after SLB released third-quarter results that exceeded analyst expectations. SLB reported quarterly earnings of 64 cents per share, compared with the analyst consensus of 61 cents. SLB reported quarterly sales of $9,449 million, compared with the analyst consensus of $9,280 million.
Crown Castle shares climbed 11% to $87.67 following reports suggesting SpaceX was discussing leases with Crown Castle. The reports suggested SpaceX was seeking access to 80,000 cell sites across the United States.
U.S. stocks traded lower near the end of Friday's session. The Dow fell 1.12% to 52,276.51. The NASDAQ declined 0.13% to 25,976.16. The S&P 500 dropped 0.43% to 7,630.85. Energy stocks rose 2.6% on Friday. Consumer staples stocks declined 1.8%.
Robert Half shares rose 16% to $43.54 after Robert Half released third-quarter results that exceeded expectations. Quantum shares gained 10% to $18.75. Cantor Fitzgerald analyst Brett Knoblauch began covering Quantum with an Overweight rating and a $29 price target.
Lunai Bioworks shares dropped 40% to $0.28 after Lunai Bioworks announced receipt of a Nasdaq determination and plans to voluntarily delist and deregister. LKQ shares fell 20% to $18.06 after LKQ released preliminary third-quarter results reflecting weaker-than-expected performance in Europe. LKQ also withdrew guidance for fiscal 2026. Tango Therapeutics shares declined 18% to $23.01 after Tango Therapeutics released results from a Phase 1/2 study of vopimetostat. The study had not reached median progression-free survival.
Gold fell 1.5% to $4,001.30. Silver declined 2.8% to $53.480 on Friday. Copper rose 1.1% to $6.4690.
European stocks traded lower today. The STOXX 600 declined 0.9%. Spain's IBEX 35 fell 0.5%. London's FTSE 100 dropped 0.8%. Germany's DAX lost 1.3%. France's CAC 40 declined 1%.
Asian markets ended Friday with mixed results. Japan's Nikkei 225 declined 0.34%. Hong Kong's Hang Seng rose 0.69%. China's SSE Composite gained 0.89%. India's BSE Sensex fell 0.17%.
The University of Michigan's October consumer sentiment index increased to 48.0 from the preliminary reading of 46.3.
Crude Oil Surges 4% as SLB Shares Jump on Strong Q3 Earnings
BenzingaShare
Summary
Crude oil prices climbed 4% to $103.38 on Friday, driven by strong on-chain data showing increased buying pressure. Schlumberger (SLB) shares rose about 7% after the company reported better-than-expected Q3 earnings. SLB posted 64 cents per share and $9,449 million in sales, outperforming analyst forecasts of 61 cents and $9,280 million. On-chain analysis suggests growing confidence in energy sector performance.
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