--- title: "Crude Oil Gains 1%; Apple Shares Tumble After Q3 Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/294537186.md" description: "U.S. stocks rose slightly with the Dow, NASDAQ, and S&P 500 all posting gains. Apple shares plummeted over 9% despite beating Q3 earnings estimates, due to lower-than-expected Q4 guidance. Conversely, Newell Brands, AXT Inc, and Forum Energy Technologies surged on strong results and raised guidance. Karyopharm Therapeutics dropped 68% after a failed Phase 3 trial. Commodities saw oil rise 1%, while gold and silver fell. European markets were mostly lower, whereas Asian indices closed higher." datetime: "2026-07-31T16:02:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294537186.md) - [en](https://longbridge.com/en/news/294537186.md) - [zh-HK](https://longbridge.com/zh-HK/news/294537186.md) --- # 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. **Leading and Lagging Sectors** Consumer discretionary shares jumped by 5.6% on Friday. In trading on Friday, materials stocks fell by 2.7%. **Top Headline** 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 billion to $113.737 billion, versus estimates of $114.840 billion. **Equities Trading UP**            - **Newell Brands Inc (NASDAQ:NWL)** shares shot up 22% to $6.29 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance. - Shares of **AXT Inc** (NASDAQ:AXTI) got a boost, surging 20% to $55.88 after the company reported better-than-expected second-quarter financial results and issued strong third-quarter guidance. - **Forum Energy Technologies Inc (**NYSE:FET) shares were also up, gaining 20% to $61.43 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates. **Equities Trading DOWN** - **Karyopharm Therapeutics Inc (**NASDAQ:KPTI) shares dropped 68% to $2.27 after the company announced topline results from its Phase 3 XPORT-EC-042 trial did not meet its primary endpoint of progression free survival. - Shares of **Myriad Genetics Inc (**NASDAQ:MYGN) were down 42% to $3.10 after the company reported worse-than-expected second-quarter financial results. Also, the company lowered its FY2026 sales guidance below estimates. - **Roblox Corp** (NYSE:RBLX) was down, falling 29% to $34.32 following second-quarter results. **Commodities** In commodity news, oil traded up 1% to $84.39 while gold traded down 1.5% at $4,098.30. Silver traded down 2.2% to $57.67 on Friday, while copper fell 0.4% to $6.4495. **Euro zone** European shares were mostly lower today. The eurozone’s STOXX 600 slipped 0.1%, while Spain’s IBEX 35 Index fell 0.1% London’s FTSE 100 fell 0.2%, Germany’s DAX declined 0.1%, while France’s CAC 40 gained 0.3%. **Asia Pacific Markets** Asian markets closed higher on Friday, with Japan’s Nikkei 225 surging 4.03%, Hong Kong’s Hang Seng index rising 0.01%, China’s Shanghai Composite gaining 0.72% and India’s BSE Sensex gaining 0.21%. **Economics** - U.S. employment costs increased by 0.9% in the second quarter, up from market estimates of a 0.8% rise. - The University of Michigan’s consumer sentiment index rose to 55.2 in July versus a preliminary reading of 54.0. _Photo via Shutterstock_ ### Related Stocks - [NWL.US](https://longbridge.com/en/quote/NWL.US.md) - [FET.US](https://longbridge.com/en/quote/FET.US.md) - [KPTI.US](https://longbridge.com/en/quote/KPTI.US.md) - [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [ZSL.US](https://longbridge.com/en/quote/ZSL.US.md) - [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [SLVO.US](https://longbridge.com/en/quote/SLVO.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [SLVR.UK](https://longbridge.com/en/quote/SLVR.UK.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.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) - [AXTU.US](https://longbridge.com/en/quote/AXTU.US.md) - [AXTX.US](https://longbridge.com/en/quote/AXTX.US.md) ## Related News & Research - [Karyopharm says Phase 3 selinexor maintenance trial in endometrial cancer misses PFS endpoint](https://longbridge.com/en/news/294410278.md) - [REG - Golden Prospect Prec Golden Prospect-GPSS - Monthly Investor Report - June 2026](https://longbridge.com/en/news/294225126.md) - [Karyopharm plans August sNDA filing seeking FDA priority review for selinexor-ruxolitinib in myelofibrosis](https://longbridge.com/en/news/294411025.md) - [Comex Silver Settles 2.01% Lower at $57.296 — Data Talk](https://longbridge.com/en/news/294100496.md) - [W.Africa Crude - Some offers rise on renewed supply worries](https://longbridge.com/en/news/294539929.md)