U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 250 points on Friday.
The Dow traded up 0.60% to 47,709.91 while the NASDAQ rose 0.36% to 23,297.13. The S&P 500 also rose, gaining, 0.38% to 6,838.77.
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Leading and Lagging Sectors
Energy shares jumped by 1.6% on Friday.
In trading on Friday, health care stocks fell by 0.6%.
Top Headline
Shares of Chagee Holdings Limited (NASDAQ:CHA) gained around 7% on Friday after the company released earnings for the third quarter.
Non-GAAP net income fell to RMB502.8 million ($70.6 million), from RMB646.6 million in the year-ago quarter. Net revenues fell to RMB3,208.3 million ($450.7 million), from RMB3,541.2 million in the year-ago quarter.
Equities Trading UP
- DeFi Technologies Inc. (NASDAQ:DEFT) shares shot up 11% to $1.5300. Defi Technologies recently announced QCAD was approved as Canada’s first compliant CAD stablecoin.
- Shares of Pasithea Therapeutics Corp. (NASDAQ:KTTA) got a boost, surging 61% to $1.7017 after the company reported the pricing of $60 million public offering of common stock.
- HeartBeam, Inc. (NASDAQ:BEAT) shares were also up, gaining 23% to $0.7452 after announcing its regulatory strategy following the Food and Drug Administration's Not Substantially Equivalent (NSE) decision on its 12-lead Electrocardiogram Synthesis Software.
Equities Trading DOWN
- Rubico Inc. (NASDAQ:RUBI) shares dropped 25% to $0.1623 as the company reported a reverse stock split.
- Shares of Tilray Brands, Inc. (NASDAQ:TLRY) were down 19% to $0.8310 after the company announced a reverse stock split.
- Rich Sparkle Holdings Limited (NASDAQ:ANPA) was down, falling 34% to $17.53. ANPA announced plans to purchase up to $50 million in EDU tokens as a part of new partnership with Open Campus and Animoca Brands.
Commodities
In commodity news, oil traded up 1% to $59.26 while gold traded up 0.8% at $4,237.60.
Silver traded up 4.9% to $56.210 on Friday, while copper rose 1.8% to $5.2870.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.26%, while Spain's IBEX 35 Index rose 0.12%. London's FTSE 100 rose 0.31%, Germany's DAX 40 gained 0.31% and France's CAC 40 rose 0.29% during the session.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei gaining 0.17%, Hong Kong's Hang Seng falling 0.34%, China's Shanghai Composite rising 0.34% and India's BSE Sensex falling 0.02%.
Economics
No major economic reports are scheduled for release today.
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