Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Avi Kapoor

Dow Surges 150 Points; US Consumer Sentiment Edges Lower

Tallinn,,Estonia,-,August,4th,2023,-,Screen,With,Stock

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 150 points on Friday.

Following the market opening Friday, the Dow traded up 0.39% to 46,542.50 while the NASDAQ rose 0.29% to 23,090.45. The S&P 500 also rose, gaining, 0.26% to 6,752.41.

Check This Out: Top 2 Tech & Telecom Stocks That May Implode This Month

Leading and Lagging Sectors

Consumer staples shares jumped by 0.7% on Friday.

In trading on Friday, energy stocks fell by 1%.

Top Headline

The University of Michigan consumer sentiment slipped to 55 in October from 55.1 in September and compared to market estimates of 54.2.

Equities Trading UP
           

  • Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares shot up 170% to $22.00. The company announced a $104.5 million private placement.
  • Shares of ESS Tech, Inc. (NYSE:GWH) got a boost, surging 102% to $3.4750 after the company announced an agreement with Salt River Project to add five megawatt, 50 megawatt-hour battery system to the grid in Florence, Arizona.
  • Safe & Green Holdings Corp. (NASDAQ:SGBX) shares were also up, gaining 90% to $6.16 after falling 14% on Thursday. Safe & Green regained Nasdaq compliance.

Equities Trading DOWN

  • Bollinger Innovations, Inc. (NASDAQ:BINI) shares dropped 58% to $0.5820 after the company announced it will move to OTC markets on October 13, 2025 and will be suspended from trading on the Nasdaq.
  • Shares of Carisma Therapeutics, Inc. (NASDAQ:CARM) were down 44% to $0.1538. Carisma Therapeutics, last month, announced it will receive a $5 million investment from Ocugen as part of a merger with Ocugen's subsidiary OrthoCelix.
  • Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was down, falling 39% to $1.4310. TIAN RUIXIANG Holdings announced the pricing of $3 million registered direct offering of ordinary shares.

Commodities

In commodity news, oil traded down 2.4% to $60.05 while gold traded up 0.6% at $3,995.60.

Silver traded up 2.3% to $48.250 on Friday, while copper rose 0.7% to $5.1575.

Euro zone

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

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 declining 1.01%, Hong Kong's Hang Seng index falling 1.73%, China's Shanghai Composite falling 0.94% and India's BSE Sensex rising 0.40%.

Economics

The University of Michigan consumer sentiment slipped to 55 in October from 55.1 in September and compared to market estimates of 54.2.

Now Read This:

Photo via Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.