U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.46% to 49,158.56 while the NASDAQ gained 0.19% to 23,481.32. The S&P 500 also rose, gaining, 0.03% to 6,915.27.
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Leading and Lagging Sectors
Energy shares gained by 1.3% on Friday.
In trading on Friday, financial stocks dipped by 0.8%.
Top Headline
SLB Limited (NYSE:SLB) reported Friday fourth-quarter results that showed sequential improvement as global upstream activity stabilized.
Fourth-quarter revenue totaled $9.745 billion, up 5% from a year earlier and above the $9.547 billion analyst estimate. Diluted GAAP earnings per share were 55 cents, down from 77 cents a year earlier, while diluted EPS, excluding charges and credits, was 78 cents, down from 92 cents a year earlier but ahead of the 74-cent estimate.
Equities Trading UP
- Movano Inc. (NASDAQ:MOVE) shares shot up 150% to $17.43 after the company announced that Corvex, with which it has recently combined, has secured a long-term NVIDIA H200 GPU deployment.
- Shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) got a boost, surging 103% to $4.6999.
- TryHard Holdings Limited (NASDAQ:THH) shares were also up, gaining 92% to $1.3501.
Equities Trading DOWN
- Aptera Motors Corp. (NASDAQ:SEV) shares dropped 45% to $1.3350 after the company announced pricing of $9 million public offering.
- Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) were down 40% to $1.6309 after the company issued a business update regarding recent market demand trends in the United States.
- The OLB Group, Inc. (NASDAQ:OLB) was down, falling 30% to $0.6050 after the company announced the pricing of its $1.3 million registered direct offering.
Commodities
In commodity news, oil traded up 2.9% to $61.10 while gold traded up 0.8% at $4,952.50.
Silver traded up 3.6% to $99.800 on Friday, while copper rose 2.7% to $5.9355.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.2%, while Spain’s IBEX 35 Index fell 0.8%. London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.1% and France’s CAC 40 fell 0.3% during the session.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei gaining 0.29%, Hong Kong’s Hang Seng Index gaining 0.45%, China’s Shanghai Composite gaining 0.33% and India’s BSE Sensex falling 0.94%.
Economics
- The University of Michigan’s consumer sentiment index rose to 56.4 in January from a preliminary reading of 54.0 and December’s reading of 52.9.
- The S&P Global services PMI came in unchanged at 52.5 in January.
- The S&P Global composite PMI rose to 52.8 in January from 52.7 in the previous month.
- The S&P Global manufacturing PMI rose to 51.9 in January from December’s reading of 51.8.
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