U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.11% to 44,435.25 while the NASDAQ rose 0.37% to 20,962.60. The S&P 500 also rose, gaining, 0.17% to 6,308.01.
Check This Out: This Chipotle Analyst Turns Bullish; Here Are Top 4 Upgrades For Friday
Leading and Lagging Sectors
Utilities shares jumped by 0.9% on Friday.
In trading on Friday, communication services stocks dipped by 0.3%.
Top Headline
American Express Co. (NYSE:AXP) reported fiscal second-quarter 2025 results on Friday, surpassing analyst estimates for both revenue and adjusted earnings per share.
The company reported quarterly revenue (net of interest expense) growth of 9% year-over-year to $17.86 billion, topping the analyst consensus estimate of $17.71 billion. Adjusted EPS also exceeded projections, coming in at $4.08 against an analyst consensus of $3.87.
Equities Trading UP
- Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) shares shot up 143% to $2.9399 after the company announced data for its gene silencing of STAT1.
- Shares of MEI Pharma, Inc. (NASDAQ:MEIP) got a boost, surging 63% to $7.34 after the company announced a $100 million private placement, with plans to use the proceeds to launch a Litecoin treasury strategy.
- Blaize Holdings, Inc. (NASDAQ:BZAI) shares were also up, gaining 59% to $4.8201 after announcing a $120 million agreement to deploy its hybrid AI platform in collaboration with Starshine.
Equities Trading DOWN
- LQR House Inc. (NASDAQ:YHC) shares dropped 62% to $2.51 after the company announced plans to integrate cryptocurrency and blockchain technology into its business model.
- Shares of Northern Dynasty Minerals Ltd. (NYSE:NAK) were down 45% to $0.90 after insider trading disclosures revealed share sales by key executives. The selloff erased gains following the July 4 announcement that the company is in talks to potentially resolve a legal standoff with the Environmental Protection Agency (EPA) over the copper-gold-molybdenum Pebble project.
- Draganfly Inc (NASDAQ:DPRO) was down, falling 26% to $5.34 after the company announced the pricing of $25.0 million registered direct offering.
Commodities
In commodity news, oil traded up 1.2% to $68.35 while gold traded up 0.5% at $3,361.80.
Silver traded up 0.7% to $38.58 on Friday, while copper rose 0.7% to $5.5485.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 climbed 0.2%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 rose 0.2%, Germany's DAX 40 slipped 0.1% and France's CAC 40 gained 0.2% during the session.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei falling 0.21%, Hong Kong's Hang Seng gaining 1.33%, China's Shanghai Composite gaining 0.50% and India's BSE Sensex falling 0.61%.
Economics
- U.S. housing starts climbed by 4.6% from the previous month to an annualized rate of 1.321 million in June.
- Building permits in the U.S. rose by 0.2% to an annualized rate of 1.397 million in June.
Now Read This:
Photo via Shutterstock
