S&P 500 top movers: DXC Technology Co (DXC) gains more than 4% as top-performer

S&P 500 Index stays little changed in Friday's quiet market action.
DXC Technology Co (DXC) shares rise after company filed for debt shelf.
Sempra Energy (SRE) loses more than 2% as the biggest decliner.

Eren Sengezer FXStreet

Wall Street's main indexes trade little changed in choppy Friday trade and the S&P 500 Index was last seen gaining 0.05% on a daily basis at 3,375.

Earlier in the day, the data from the US showed that Retail Sales in July rose less than expected but Industrial Production continued to expand and the University of Michigan's Consumer Confidence Index improved slightly in August. Nevertheless, investors don't seem to be willing to take large positions ahead of the weekend.

S&P 500 top movers

DXC Technology Co (DXC) on Friday announced that it has filed for debt shelf but did not disclose the size. Following this development, DXC gained traction and was last seen up 4.1% on the day at $20.45 as the biggest gainer.

Applied Materials Inc (AMAT) and Cabot Oil & Gas Corp (COG) shares are both up around 3.6% as the other noteworthy winners of the day.

On the other hand, Sempra Energy (SRE) and Illumina Inc (ILMN) shares are down 2.5% and 2%, respectively, to lead the decliners.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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