Crude Oil Gains 1%; Apple Shares Tumble After Q3 Results

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Friday. The Dow traded up 0.38% to 52,406.69 while the NASDAQ rose 0.25% to 25,184.43. The S&P 500 also rose, gaining, 0.22% to 7,453.96.

Consumer discretionary shares jumped by 5.6% on Friday. In trading on Friday, materials stocks fell by 2.7%.

Shares of Apple Inc (NASDAQ: AAPL) fell more than 9% on Friday after the company posted results for the third quarter. Apple posted fiscal third-quarter revenue of $109.42 billion, beating analyst estimates of $108.65 billion. The Cupertino-based company reported earnings of $2.02 per share for the quarter, beating estimates of $1.89 per share, according to Benzinga Pro. Apple said it sees fourth-quarter sales of $111.688 bil...