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Benzinga
Benzinga
Avi Kapoor

Dow Jumps Over 200 Points; ISM Services PMI Falls In September

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U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Friday.

Following the market opening Friday, the Dow traded up 0.49% to 46,749.15 while the NASDAQ fell 0.01% to 22,842.14. The S&P 500 also rose, gaining, 0.14% to 6,724.95.

Check This Out: Top 3 Financial Stocks That Could Blast Off In October

Leading and Lagging Sectors

Utilities shares jumped by 0.9% on Friday.

In trading on Friday, communication services stocks fell by 0.9%.

Top Headline

The ISM services PMI declined to 50 in September from 52 in the previous month and down from market estimates of 51.7.

Equities Trading UP
           

  • Actelis Networks, Inc. (NASDAQ:ASNS) shares shot up 70% to $0.6272 after the company entered a $30 million stock purchase agreement with White Lion Capital.
  • Shares of Epsium Enterprise Limited (NASDAQ:EPSM) got a boost, surging 48% to $22.33.
  • Anbio Biotechnology (NASDAQ:NNNN) shares were also up, gaining 49% to $37.89.

Equities Trading DOWN

  • American Rebel Holdings, Inc. (NASDAQ:AREB) shares dropped 26% to $13.73.
  • Shares of Black Titan Corporation (NASDAQ:BTTC) were down 26% to $17.71.
  • GDEV Inc. (NASDAQ:GDEV) was down, falling 13% to $31.23.

Commodities

In commodity news, oil traded up 0.3% to $60.68 while gold traded up 0.5% at $3,886.30.

Silver traded up 2.5% to $47.525 on Friday, while copper rose 1.3% to $5.0125.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 gained 0.3%, while Spain's IBEX 35 Index rose 0.6%. London's FTSE 100 rose 0.5%, Germany's DAX 40 fell 0.2% and France's CAC 40 slipped 0.1% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 1.85%, Hong Kong's Hang Seng index falling 0.54% and India's BSE Sensex gaining 0.28%.

Economics

  • The ISM services PMI declined to 50 in September from 52 in the previous month and down from market estimates of 51.7.
  • The S&P Global US services PMI fell to 54.2 in September from 54.5 in the previous month.
  • The S&P Global US composite PMI declined to 53.9 in September from August's reading of 54.6.

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Photo via Shutterstock

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