U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 1.21% to 46,882.86 while the NASDAQ fell 1.51% to 22,525.90. The S&P 500 also fell, dropping, 1.17% to 6,658.51.
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Leading and Lagging Sectors
Real estate shares jumped by 0.3% on Friday.
In trading on Friday, information technology stocks fell by 1.2%.
Top Headline
Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected fourth-quarter financial results for fiscal 2025.
Applied Materials expects fiscal first-quarter revenue of $6.85 billion, plus or minus $500 million, versus estimates of $6.76 billion. The company expects first-quarter adjusted earnings of $1.98 to $2.38 per share, versus estimates of $2.13 per share.
Equities Trading UP
- Cidara Therapeutics Inc (NASDAQ:CDTX) shares shot up 106% to $217.87 after Merck agreed to acquire the company for $221.50 per share in a $9.2 billion cash deal.
- Shares of UTime Ltd (NASDAQ:WTO) got a boost, surging 100% to $0.040. UTime recently announced a 1-for-100 reverse stock split.
- Amaze Holdings Inc (NYSE:AMZE) shares were also up, gaining 55% to $0.62 after the company reported third-quarter financial results.
Equities Trading DOWN
- Republic Power Group Ltd (NASDAQ:RPGL) shares dropped 50% to $0.75.
- Shares of Gauzy Ltd (NASDAQ:GAUZ) were down 43% to $2.30. Gauzy disclosed that it will not be releasing its financial results for the third quarter of 2025 on Nov. 14 as previously planned.
- enVVeno Medical Corp (NASDAQ:NVNO) was down, falling 41% to $0.38 after the company received unfavorable appeal decision from the FDA for the VenoValve.
Commodities
In commodity news, oil traded up 1.9% to $59.82 while gold traded down 3.4% at $4,053.60.
Silver traded down 5% to $50.530 on Friday, while copper fell 1.8% to $5.0125.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 1.7%, while Spain's IBEX 35 Index fell 1.9%. London's FTSE 100 fell 1.7%, Germany's DAX 40 declined 1.6% and France's CAC 40 dipped 1.4% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 dipping 1.77%, Hong Kong's Hang Seng falling 1.85%, China's Shanghai Composite declining 0.97% and India's BSE Sensex rising 0.10%.
Economics
Data on Baker Hughes oil rig count will be released today.
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