--- title: "Crude Oil Down 3%; Kroger Shares Gain After Upbeat Q2 Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/298758583.md" description: "U.S. stocks rose on Friday, with the Nasdaq gaining over 1%. Kroger shares jumped 3% after beating Q2 earnings estimates, while Frequency Electronics surged 30% and ACV Auctions rose 44% following an acquisition deal. Conversely, CPI Card Group fell 16% due to a secondary offering, and Nuscale Power dropped 11% after a UBS downgrade. Oil prices declined nearly 3%, Asian markets closed lower, and U.S. consumer sentiment weakened despite inflation holding steady at 3.4%." datetime: "2026-09-11T17:34:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298758583.md) - [en](https://longbridge.com/en/news/298758583.md) - [zh-HK](https://longbridge.com/zh-HK/news/298758583.md) generator: "portal-rs" --- # Crude Oil Down 3%; Kroger Shares Gain After Upbeat Q2 Earnings U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 1% on Friday. The Dow traded up 1.16% to 52,666.76 while the NASDAQ climbed 1.23% to 26,403.20. The S&P 500 also rose, gaining, 1.08% to 7,673.87. **Leading and Lagging Sectors** Communication services shares jumped by 1.7% on Friday. In trading on Friday, energy stocks fell by 0.2%. **Top Headline** **Kroger Company** (NYSE:KR) stock gained around 3% on Friday after the grocer reported second-quarter results that topped Wall Street expectations. Adjusted earnings were $1.09 per share, beating the $1.06 estimate. Sales of $34.621 billion also topped the $34.580 billion estimate. **Equities Trading UP** - **Frequency Electronics Inc (**NASDAQ:FEIM) shares shot up 30% to $80.96 after the company reported better-than-expected first-quarter financial results. - Shares of **ACV Auctions Inc** (NYSE:ACVA) got a boost, surging 44% to $10.42 after Texas-based provider of online vehicle auction and remarketing services Copart Inc. (NASDAQ:CPRT) announced a definitive agreement to acquire the company for $10.50 per share in cash. - **Indaptus Therapeutics Inc (**NASDAQ:INDP) shares were also up, gaining 7% to $2.73. Indaptus Therapeutics announced private placement of 20,338,974 shares for gross proceeds of $24 million. **Equities Trading DOWN** - **CPI Card Group Inc (**NASDAQ:PMTS) shares dropped 16% to $22.61 after the company announced the pricing of its proposed secondary public offering of 2,337,323 shares shares at $21.50 per share. - Shares of **Ocean Power Technologies Inc (**NYSE:OPTT) were down 40% to $0.095 after the company announced a 1-for-30 reverse stock split effective September 14. - **Nuscale Power Corp** (NYSE:SMR) was down, falling 11% to $9.12 after UBS downgraded its rating on the stock from Neutral to Sell and lowered its price target from $10 to $6. **Commodities** In commodity news, oil traded down 2.9% to $99.54 while gold traded up 0.2% at $4,416.10. Silver traded up 0.6% to $65.335 on Friday, while copper rose 0.1% to $6.5475. **Euro zone** European shares were higher today. The eurozone’s STOXX 600 gained 0.5%, while Spain’s IBEX 35 Index rose 0.8%, London’s FTSE 100 gained 0.4%, Germany’s DAX gained 0.7%, while France’s CAC 40 climbed 0.7%. **Asia Pacific Markets** Asian markets closed lower on Friday, with Japan’s Nikkei 225 dipping 1.93%, Hong Kong’s Hang Seng index falling 0.60%, China’s Shanghai Composite falling 1.18% and India’s BSE Sensex falling 0.16%. **Economics** - U.S. annual inflation held at 3.4% in August, matching the market consensus and remaining unchanged from July, the Bureau of Labor Statistics said Friday. - The University of Michigan’s consumer sentiment index declined to 47.8 in early September, compared to market expectations of 51.0. *Photo via Shutterstock* ### Related Stocks - [PMTS.US](https://longbridge.com/en/quote/PMTS.US.md) - [FEIM.US](https://longbridge.com/en/quote/FEIM.US.md) - [ACVA.US](https://longbridge.com/en/quote/ACVA.US.md) - [KR.US](https://longbridge.com/en/quote/KR.US.md) - [SMR.US](https://longbridge.com/en/quote/SMR.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [SMUP.US](https://longbridge.com/en/quote/SMUP.US.md) - [SMU.US](https://longbridge.com/en/quote/SMU.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [SMZ.US](https://longbridge.com/en/quote/SMZ.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) ## Related News & Research - [Oil futures struggle to maintain decline](https://longbridge.com/en/news/299462431.md) - [Oil falls as US crude inventories rise despite Saudi supply concerns](https://longbridge.com/en/news/299107668.md) - [Is Kroger a buy after its latest earnings report?](https://longbridge.com/en/news/298824611.md) - [Kroger in charts: Identical sales up 0.2% as gross margin slightly narrows to 22.4%](https://longbridge.com/en/news/298722551.md) - [Kroger Analysts Cut Their Forecasts After Q2 Earnings](https://longbridge.com/en/news/298945655.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**