U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.49% to 44,430.54 while the NASDAQ declined 0.01% to 20,629.36. The S&P 500 also fell, dropping, 0.27% to 6,263.74.
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Leading and Lagging Sectors
Energy shares jumped by 0.4% on Friday.
In trading on Friday, materials stocks dipped by 1.3%.
Top Headline
Levi Strauss & Co. (NYSE:LEVI) reported stronger-than-expected second-quarter financial results and raised its full-year guidance on Thursday.
The company reported second-quarter revenue of $1.45 billion, beating analyst estimates of $1.37 billion. The company reported second-quarter adjusted earnings of $0.22 per share, beating estimates of $0.13 per share, according to Benzinga Pro.
Equities Trading UP
- MiNK Therapeutics, Inc. (NASDAQ:INKT) shares shot up 600% to $54.12 after the company announced a publication in Oncogene.
- Shares of Above Food Ingredients Inc. (NASDAQ:ABVE) got a boost, surging 144% to $3.7801 after jumping 335% on Thursday.
- Signing Day Sports, Inc. (NYSE:SGN) shares were also up, gaining 99% to $2.4501 after the company announced it has made advancements regarding its business combination with One BlockchAIn.
Equities Trading DOWN
- Milestone Pharmaceuticals Inc. (NASDAQ:MIST) shares dropped 39% to $1.5701 after the company announced a public offering.
- Shares of Concorde International Group Ltd. (NASDAQ:CIGL) were down 31% to $3.8881 after dipping 80% on Thursday.
- SU Group Holdings Limited (NASDAQ:SUGP) was down, falling 32% to $1.0550 after gaining 27% on Thursday.
Commodities
In commodity news, oil traded up 2.1% to $67.96 while gold traded up 1.2% at $3,367.20.
Silver traded up 4.1% to $38.820 on Friday, while copper fell 0.9% to $5.5390.
Euro zone
European shares were lower today. The eurozone's STOXX 600 dipped 1%, while Spain's IBEX 35 Index fell 1.1%. London's FTSE 100 fell 0.4%, Germany's DAX 40 slipped 0.8% and France's CAC 40 declined 1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei falling 0.19%, Hong Kong's Hang Seng gaining 0.46%, China's Shanghai Composite gaining 0.01% and India's BSE Sensex falling 0.83%.
Economics
The Baker Hughes oil rig count report for the latest week will be released today.
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