Stocks faced another decline on Friday as investors processed Federal Reserve Chairman Jerome Powell's remarks, which contributed to an increase in bond yields.

Early on Friday, the yield on the 10-year Treasury note was at 4.935%, retracting from the nearly 5% threshold it had approached the previous day. Yields rose following Powell's comments, indicating the Fed's intention to maintain interest rates at their current levels, dimming expectations of rate reductions.

Additionally, market movements were influenced by developments in the Israel-Hamas conflict, particularly with regards to the potential for an Israeli ground offensive in the Gaza Strip.

As of 12:00 PM ET, the Dow was down -109.4922 points, or -0.3277%, at $33304.68. The Nasdaq Composite lost -158.4053 points, or -1.0715%, at $14624.722. The S&P 500 declined -31.8198 points, or -0.7438%, at $4246.18. Among the 11 major S&P 500 sectors, 11 showed negative movement, with Information Technology leading the way with a -1.31% decrease.

Top Movers: Under $10

Lipella Pharmaceuticals Inc (LIPO) is up 37.53% today to trade at the current level of $2.21. This comes after the company announced FDA clearance of IND for LP-310 for Oral Lichen Planus.

Hub Cyber Security Ltd (HUBC) zoomed 12.11% in today’s trade to $0.64. The company announced participation in strengthening Israel's Digital Defenses amidst escalating cyber threats.

In current trading, American Well Corporation (AMWL) stock is at $1.03 following news that it was awarded a next-generation contract to provide a hybrid care technology platform designed to power the “Digital First” transformation of the Military Health System (MHS).

FaZe Holdings Inc (FAZE) rose 9.49% in the early hours of today's trading to move at $0.20. GameSquare Holdings, Inc. (GAME) and FaZe Holdings Inc. (FAZE) reported that they have entered into a definitive agreement pursuant to which GameSquare will acquire FaZe Clan in an arm's length all-stock transaction.

In the current trading session, Seres Therapeutics Inc (MCRB) jumped 6.90% to $1.39 over a previous close of $1.30. The company is a commercial-stage company developing novel microbiome therapeutics for serious diseases.

Ex-Dividends Stocks

Apogee Enterprises Inc. (APOG) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.24 per share. The company has fixed October 24 as the record date for the same and will pay the actual dividend on November 08. Last year, the company distributed a total of $0.96 to its shareholders. Based on the last year's worth of payments, APOG has a trailing yield of 2.27% on the current stock price of $42.20.

Another stock that is shelling out dividends on Monday is Carpenter Technology Corp. (CRS), having a market capitalization of $2.99B. It will pay a dividend of $0.2 per share, the payment date of which is December 07. Currently, the stock is trading at a trailing dividend yield of 1.31%.

Shares of Codorus Valley Bancorp, Inc. (CVLY) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.17 per share, and in the last 12 months, the company paid a total of $0.66 per share. Last year's total dividend payments show that CVLY has a trailing yield of 3.36% on the current share price of $19.66.

Infosys Ltd ADR (INFY) is also set to go ex-dividend on Tuesday. The next dividend payment from INFY will amount to $0.18 per share. October 25 has been designated as the record date for this dividend. In the previous year, INFY distributed a total of $0.51 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for INFY stands at 3.02% based on the current stock price of $16.94.

Antero Midstream Corp (AM) will be paying out a dividend of $0.23 per share to shareholders holding their shares as of the close of the business hours on the record date of October 25. Over the past 12 months, AM has paid out a total of $0.90 per share in dividends. Based on the total dividends paid out last year, AM boasts an impressive trailing yield of 7.24% on the current share price of $12.44.

Crypto Market Highlights

Most Shorted Stocks

Klaviyo Inc (KVYO) was one of the most shorted stocks as of latest short interest figures, with 26.74% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 5.91. The average daily volume stands at 1.95M shares, and the market capitalization of the company is $7.09B.

The ChargePoint Holdings Inc with the symbol CHPT currently has a short interest of 26.84%. The short interest has changed by 670000 shares. The days to cover ratio stands at 6.9. The estimated value of the shares held short is approximately $223.84 million. On an average day, 12.74M shares are traded, with the company's market capitalization totaling $1.09B.

For the stock U-Haul Holding Company (UHAL), the current short interest is at 26.19%. This represents a significant short interest change of 13,440 shares. The days needed to cover the short positions amount to 22.32. With an average daily trading volume of 127.99K shares, this company's market capitalization is currently valued at $10.28 billion.

The stock ULCC has a current short interest of 29.76%. The short interest percentage has experienced increase of +68.59%% while there was a change of 4760000 shares in short interest. The ratio indicating the time required to cover short positions is 5.5. The calculated worth of the shorted shares amounts to around $61.06 million. Trading activity averages at 2.20M shares per day, while the company's market capitalization stands at $947.82M.

Energy Stocks to Watch

According to our ST Score evaluation, U.S. Silica Holdings Inc (SLCA) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 61.0. The stock's valuation, profitability, stock sentiment, and Piotroski Score are strong. However, its growth, and financial strength are weak. Additionally, it is neutral in terms of performance, and forecast.

Our ST Score also classifies Gulfport Energy Corp. (GPOR) as a high-quality Energy stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of profitability, growth, and stock sentiment. However, it has weak financial strength. The value, performance, Piotroski Score, and forecast are neutral.

Another stock in the category, Enerplus Corporation (ERF) has the ST Score of 57.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and Piotroski Score. Value, performance, growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Marathon Petroleum Corp (MPC) stock has the ST Score of 59.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, and Piotroski Score. However, it shows neutral outlook in value, performance, growth, financial strength, stock sentiment, and forecast.

Transportadora de Gas del Sur ADR (TGS) currently has the ST Score of 59.0, which signifies a huge upward potential. The Energy stock's strong points are its financial strength, and stock sentiment, while its weak points are its growth. The stock's value, profitability, performance, Piotroski Score, and forecast indicate a neutral outlook.