U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Friday.
Following the market opening Friday, the Dow traded up 0.09% to 47,563.80 while the NASDAQ rose 1.23% to 23,871.37. The S&P 500 also rose, gaining, 0.58% to 6,862.07.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 4.3% on Friday.
In trading on Friday, materials stocks fell by 1.1%.
Top Headline
Apple Inc. (NASDAQ:AAPL) reported better-than-expected financial results for the fourth quarter of fiscal 2025 on Thursday after the close.
Apple reported fiscal fourth-quarter revenue of $102.47 billion, beating analyst estimates of $102.17 billion. The tech giant reported fourth-quarter earnings of $1.85 per share, beating analyst estimates of $1.76 per share.
Equities Trading UP
- EPWK Holdings Ltd. (NASDAQ:EPWK) shares shot up 137% to $0.1559.
- Shares of Getty Images Holdings, Inc. (NYSE:GETY) got a boost, surging 45% to $2.93 after the company announced a multi-year licensing agreement with Perplexity AI to display Getty Images across Perplexity’s search and discovery tools.
- MSP Recovery, Inc. (NASDAQ:MSPR) shares were also up, gaining 77% to $0.56.
Equities Trading DOWN
- Luminar Technologies, Inc. (NASDAQ:LAZR) shares dropped 34% to $1.3801 after the company announced it received a subpoena form the SEC. Also, the company announced it is suspending its FY25 guidance.
- Shares of Intensity Therapeutics, Inc. (NASDAQ:INTS) were down 28% to $0.95 after the company reported pricing of $4 million registered direct offering of common stock.
- OneSpan Inc. (NASDAQ:OSPN) was down, falling 26% to $11.52 after the company reported worse-than-expected third-quarter sales results and cut its FY25 sales guidance below estimates. Also, Rosenblatt cut its price target from $17 to $15 on the stock.
Commodities
In commodity news, oil traded up 0.7% to $61.04 while gold traded up 0.4% at $4,031.90.
Silver traded down 0.3% to $48.485 on Friday, while copper fell 0.4% to $5.0860.
Euro zone
European shares were lower today. The eurozone's STOXX 600 slipped 0.5%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 0.4%, Germany's DAX 40 fell 0.5% and France's CAC 40 fell 0.4% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 gaining 2.12%, Hong Kong's Hang Seng falling 1.43%, China's Shanghai Composite dipping 0.81% and India's BSE Sensex declining 0.55%.
Economics
The Baker Hughes oil rig count report for the latest week will be released today.
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