FactSet, Sarepta Therapeutics, Spirit AeroSystems, and More

The Dow, S&P 500, and Nasdaq were little changed at midday Friday as reports showed existing home sales and the Conference Board’s Leading Economic Index fell in May.

FactSet Research Systems (FDS) shares rose as the financial data provider reported better-than-anticipated earnings and lifted its outlook on higher revenues from institutional asset managers, asset owners, partners, and corporates.

Shares of Sarepta Therapeutics (SRPT) soared after the Food and Drug Administration (FDA) gave the biotech’s treatment for a rare muscle disease in children expanded approval. The decision also boosted shares of Catalent (CTLT), which has a contract with Sarepta to manufacture the drug.

Shares of Boeing (BA) supplier Spirit AeroSystems (SPR) surged following reports that Boeing is near a deal to buy the company. Boeing shares edged higher as well.

Capital One Financial (COF) shares lost ground after the financial firm settled a lawsuit brought by Walmart (WMT) over their credit card partnership. Walmart shares were higher.

Shares of American Express (AXP) fell as the credit card provider purchased the Tock restaurant reservation system for $400 million from Squarespace (SQSP). Squarespace shares advanced.

Allstate (ALL) shares dropped after the insurer estimated its catastrophic losses in May at $1.4 billion, nearly three times greater than in April. 

Oil and gold futures slid. The yield on the 10-year Treasury note climbed. The U.S. dollar was up versus the euro, pound and yen. Most major cryptocurrencies traded in negative territory.