U.S. stocks fell Friday despite the U.S. economy adding 250,000 new jobs in October, beating expectations of 202,000. However, the unemployment rate remained flat at 3.7%.
The Dow Jones Industrial Average lost 109.91 points, or 0.43% to 25,270. The S&P 500 index retreated 0.63% to 2,723, and the Nasdaq Composite Index dipped 1.04% to 7,356.
Shares of Starbucks Corp. (SBUX, Financial) jumped almost 10% Friday, reaching its highest since June 2017. The company reported a 4% same-restaurant sales increase for the Americas and U.S. It reported a 4% increase in average ticket, and a 3% global same-store sales gain.
Shares of Exelixis Inc. (EXEL) jumped more than 16% on Friday after the company posted third-quarter earnings of 41 cents per share, on revenue of $225.4 million, reflecting 47.8% year-over-year growth. The company beat earnings estimates by 22 cents and revenue expectations by $51.48 million. The company updated its guidance for total costs and operating expenses for the full year to be between $410 million and $420 million.
Gainers
- Verisign Inc. (VRSN, Financial)
- Arista Networks Inc. (ANET)
- Illumina Inc. (ILMN, Financial)
- Symantec Corp. (SYMC, Financial)
- Lincoln National Corp. (LNC, Financial)
Losers
- Fortinet Inc. (FTNT, Financial)
- Kraft Heinz Co. (KHC, Financial)
- Newfield Exploration Co. (NFX, Financial)
- EQT Corp. (EQT, Financial)
- Qorvo Inc. (QRVO, Financial)
Markets
The main European stock markets traded higher. The U.K.'s FTSE 100 lost 0.29%, France's CAC 40 gained 0.32%, Germany's Dax rose 0.44% and Spain's Ibex 35 advanced 0.43%.
In Asia, Japan's Nikkei 225 rose 2.56%, India’s BSE Sensex advanced 1.68%, Hong Kong's Hang Seng gained 4.21% and China's Shanghai Composite jumped 2.70%.
Disclosure: The author holds no positions in any stocks mentioned.
