U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.16% to 46,033.20 while the NASDAQ rose 0.08% to 22,061.27. The S&P 500 also fell, dropping, 0.03% to 6,585.59.
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Leading and Lagging Sectors
Utilities shares jumped by 0.3% on Friday.
In trading on Friday, materials stocks fell by 0.4%.
Top Headline
Adobe Inc. (NASDAQ:ADBE) posted better-than-expected third-quarter results and raised its fiscal 2025 outlook after Thursday's closing bell.
Adobe reported quarterly earnings of $5.31 per share, which beat the analyst estimate of $5.18. Quarterly revenue came in at $5.99 billion, which beat the Street estimate of $5.91 billion, according to data from Benzinga Pro
Equities Trading UP
- Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) shares shot up 106% to $1.8792 after the company announced an initial investment in Bitcoin and Ethereum as part of its treasury strategy.
- Shares of GlucoTrack, Inc. (NASDAQ:GCTK) got a boost, surging 81% to $8.83 after the company announced it entered into a purchase agreement with Sixth Borough Capital. Sixth Borough Capital committed to purchase up to $20 million of the company’s stock.
- Office Properties Income Trust (NASDAQ:OPI) shares were also up, gaining 76% to $0.5440.
Equities Trading DOWN
- Next Technology Holding Inc. (NASDAQ:NXTT) shares dropped 55% to $0.1612 r after the company announced a 200-for-1 reverse stock split.
- Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) were down 29% to $1.4315 after the company announced the pricing of its $20 million public offering of 12.5 million shares and warrants at $1.60.
- Kindly MD, Inc. (NASDAQ:NAKA) was down, falling 25% to $2.9494.
Commodities
In commodity news, oil traded up 1.6% to $63.37 while gold traded up 0.4% at $3,689.00.
Silver traded up 1.4% to $42.730 on Friday, while copper fell 0.1% to $4.6520.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index fell 0.4%. London's FTSE 100 rose 0.4%, Germany's DAX 40 slipped 0.1% and France's CAC 40 rose 0.2% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.89%, Hong Kong's Hang Seng rising 1.16%, China's Shanghai Composite falling 0.12% and India's BSE Sensex gaining 0.44%.
Economics
Data on Michigan consumer sentiment will be released today.
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