--- title: "Crude Oil Gains 1%; Fluor Shares Plunge After Q1 Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/285759017.md" description: "U.S. stocks mostly rose, with the Nasdaq gaining 1.5%. Fluor shares plunged 12% after disappointing Q1 results. Westrock Coffee, Innodata, and Nlight saw significant gains, while Artivion, DXC, and Kodiak AI shares fell sharply. Oil prices increased by 1.1% to $95.85, and gold rose by 0.6%. European and Asian markets closed lower. U.S. nonfarm payrolls exceeded expectations, rising by 115,000 jobs, while the unemployment rate held steady at 4.3%." datetime: "2026-05-08T17:16:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285759017.md) - [en](https://longbridge.com/en/news/285759017.md) - [zh-HK](https://longbridge.com/zh-HK/news/285759017.md) --- # Crude Oil Gains 1%; Fluor Shares Plunge After Q1 Results U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining 1.5% on Friday. The Dow traded down 0.06% to 49,564.80 while the NASDAQ gained 1.50% to 26,191.87. The S&P 500 also rose, gaining, 0.79% to 7,394.79. **Leading and Lagging Sectors** Information technology shares jumped by 2.1% on Friday. In trading on Friday, health care stocks fell by 0.9%. **Top Headline** **Fluor Corp** (NYSE:FLR) shares dipped around 12% on Friday after the company reported worse-than-expected first-quarter financial results. Fluor reported quarterly earnings of 14 cents per share which missed the analyst consensus estimate of 62 cents per share. The company reported quarterly sales of $3.663 billion which missed the analyst consensus estimate of $3.894 billion. **Equities Trading UP**            - **Westrock Coffee Co** (NASDAQ:WEST) shares shot up 39% to $8.18 after the company reported better-than-expected first-quarter sales results. - Shares of **Innodata Inc** (NASDAQ:INOD) got a boost, surging 88% to $85.70 after the company reported better-than-expected first-quarter financial results and issued FY26 sales guidance above estimates. - **Nlight Inc** (NASDAQ:LASR) shares were also up, gaining 24% to $81.88 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. **Equities Trading DOWN** - **Artivion, Inc.** (NYSE:AORT) shares dropped 30% to $24.85 after the company reported first-quarter financial results and cut its FY26 sales guidance with its midpoint below estimates. - Shares of **DXC Technology Co** (NYSE:DXC) were down 28% to $8.62 after the company reported mixed fourth-quarter financial results and issued FY27 adjusted EPS guidance below estimates. Also, the company issued first-quarter guidance below estimates. - **Kodiak AI, Inc.** (NASDAQ:KDK) was down, falling 30% to $6.40 after the company reported first-quarter financial results. The company announced a $100 million common stock and warrant private placement. **Commodities** In commodity news, oil traded up 1.1% to $95.85 while gold traded up 0.6% at $4,739.50. Silver traded up 1.6% to $81.450 on Friday, while copper rose 1.6% to $6.2765. **Euro zone** European shares were lower today. The eurozone's STOXX 600 declined 0.4%, while Spain's IBEX 35 Index fell 0.4%. London's FTSE 100 fell 0.1%, Germany's DAX fell 0.8%, while France's CAC 40 declined 0.7%. **Asia Pacific Markets** Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.19%, Hong Kong's Hang Seng Index declining 0.87%, China's Shanghai Composite falling 0.003% and India's BSE Sensex falling 0.66% **Economics** - U.S. nonfarm payrolls rose by 115,000 jobs to comfortably beat the FactSet consensus estimate of a 65,000 rise. - The unemployment rate remained unchanged at 4.3%. - The University of Michigan's Consumer Sentiment Index fell to a record low of 48.2 in May, from 49.8 in the previous month and missing market estimates of 49.5. - U.S. wholesale inventories rose by 1.3% month-over-month to $906.371 billion in March, compared to a 0.9% gain in February and versus a preliminary reading of 1.4%. _Photo via Shutterstock_ ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [FLR.US](https://longbridge.com/en/quote/FLR.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) ## Related News & Research - [These Analysts Revise Their Forecasts On Fluor After Q1 Results](https://longbridge.com/en/news/285974978.md) - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [Asia Naphtha/Gasoline-Naphtha prices fall in tandem with Brent](https://longbridge.com/en/news/287056749.md) - [ANALYSIS-Bond yield spike is risk to unprepared equities market, investors warn](https://longbridge.com/en/news/286668628.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)