--- title: "Crude Oil Surges 3%; RBC Bearings Earnings Top Views" type: "News" locale: "en" url: "https://longbridge.com/en/news/286593272.md" description: "U.S. stocks fell, with the S&P 500 down 1.16%. Energy shares rose 1.5%, while materials stocks dropped 2.1%. RBC Bearings reported Q1 earnings of $3.62 per share, exceeding estimates. Crude oil prices surged 3% to $104.17. Asian and European markets also closed lower, reflecting a broader market downturn." datetime: "2026-05-15T16:17:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286593272.md) - [en](https://longbridge.com/en/news/286593272.md) - [zh-HK](https://longbridge.com/zh-HK/news/286593272.md) --- # Crude Oil Surges 3%; RBC Bearings Earnings Top Views U.S. stocks traded lower midway through trading, with the S&P 500 falling more than 1% on Friday. The Dow traded down 1.08% to 49,529.29 while the NASDAQ dipped 1.42% to 26,258.29. The S&P 500 also fell, dropping, 1.16% to 7,414.40. **Leading and Lagging Sectors** Energy shares jumped by 1.5% on Friday. In trading on Friday, materials stocks fell by 2.1%. **Top Headline** **RBC Bearings In**c (NYSE:RBC) reported upbeat earnings for the first quarter on Friday. The company posted quarterly earnings of $3.62 per share which beat the analyst consensus estimate of $3.32 per share. The company reported quarterly sales of $518.000 million which beat the analyst consensus estimate of $506.590 million. **Equities Trading UP**            - **Hcw Biologics Inc** (NASDAQ:HCWB) shares shot up 283% to $1.29 after the clinical-stage biopharmaceutical company posted first-quarter results. - Shares of **Gemini Space Station Inc** (NASDAQ:GEMI) got a boost, surging 12% to $5.89 after the company reported better-than-expected first-quarter financial results. Also, the company announced a $100 million direct investment by Winklevoss Capital Fund. - **Globant SA** (NYSE:GLOB) shares were also up, gaining 14% to $38.68 following upbeat quarterly sales. **Equities Trading DOWN** - **eLong Power Holding Ltd** (NASDAQ:ELPW) shares dropped 60% to $0.78 after the company announced pricing of $6.0 million public offering. - Shares of **Tango Therapeutics Inc** (NASDAQ:TNGX) were down 17% to $20.57. Piper Sandler analyst Kelsey Goodwin downgraded Tango Therapeutics from Overweight to Neutral and raised the price target from $16 to $24. - **Gambling.com Group Ltd** (NASDAQ:GAMB) was down, falling 40% to $2.48 after the company reported mixed first-quarter financial results and cut its FY26 sales guidance below estimates. **Commodities** In commodity news, oil traded up 3% to $104.17 while gold traded down 2.7% at $4,559.80. Silver traded down 9.5% to $77.230 on Friday, while copper fell 4.6% to $6.3050. **Euro zone** European shares were lower today. The eurozone's STOXX 600 dipped 1.4%, while Spain's IBEX 35 Index fell 0.97%. London's FTSE 100 fell 1.7%, Germany's DAX dipped 1.8%, while France's CAC 40 slipped 1.4%. **Asia Pacific Markets** Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 1.99%, Hong Kong's Hang Seng Index dipping 1.62%, China's Shanghai Composite dipping 1.02% and India's BSE Sensex declining 0.21% **Economics** - The NY Empire State Manufacturing Index rose to 19.6 in May from 11 in the previous month, also topping market estimates of 7.5. - U.S. industrial production rose 0.7% in April, after falling 0.3% in March. _Photo via Shutterstock_ ### Related Stocks - [RBC.US](https://longbridge.com/en/quote/RBC.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [HCWB.US](https://longbridge.com/en/quote/HCWB.US.md) - [GEMI.US](https://longbridge.com/en/quote/GEMI.US.md) - [GLOB.US](https://longbridge.com/en/quote/GLOB.US.md) - [ELPW.US](https://longbridge.com/en/quote/ELPW.US.md) - [TNGX.US](https://longbridge.com/en/quote/TNGX.US.md) - [GAMB.US](https://longbridge.com/en/quote/GAMB.US.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) ## Related News & Research - [RBC Bearings Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call](https://longbridge.com/en/news/286525864.md) - [RBC Bearings Earnings: What To Look For From RBC](https://longbridge.com/en/news/286349116.md) - [RBC Bearings Q4 revenue, adjusted profit beats on aerospace strength](https://longbridge.com/en/news/286562415.md) - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [US energy firms pull record amounts of crude from SPR last week, EIA says](https://longbridge.com/en/news/286284024.md)