U.S. stocks traded mixed toward the end of trading, with the S&P 500 and NASDAQ Composite turning higher on Friday.
The Dow traded down 0.28% to 37,607.16 while the NASDAQ rose 0.06% to 14,978.45. The S&P 500 also rose, gaining, 0.11% to 4,785.71.
Shares of Wipro Limited (NYSE: WIT) rose sharply during Friday’s session after the company reported third-quarter financial results, issued guidance and declared an interim dividend.
Wipro shares jumped 16.7% to $6.27 on Friday.
Wipro reports Q3 FY24 results with revenue down 1.4% Q/Q. EPS meets consensus. Wipro's Q4 IT Services business segment outlook translates to sequential guidance of -1.5% to +0.5% in constant currency terms.
As of Dec. 7, 2023, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.