The S&P 500 and the Dow were lower on Friday following weak economic data and poor earnings from oil majors Exxon (XOM.N) and Chevron (CVX.
Exxon Mobil Corp. and Chevron Corp. missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Facebook (FB, Tech30) disclosed on Thursday that it could owe billions due to an IRS investigation into the way it moved assets to an Irish subsidiary to avoid higher taxes.
Seres Therapeutics Inc said its experimental drug for preventing a bacterial infection of the large intestine missed the main goal in a mid-stage study, sending its shares down 74 percent in premarket trading.
Google recently announced its quarterly earnings, and the results are encouraging. The high demand for Google ads, especially on a certain platform, boosted the revenue and profits of the company as well as the value of Alphabet's shares.