U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining over 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.03% to 41,321.72 while the NASDAQ rose 0.76% to 17,649.93. The S&P 500 also rose, gaining, 0.44% to 5,616.77.
Leading and Lagging Sectors
Information technology shares climbed by 1% on Friday.
In trading on Friday, energy shares fell by 0.4%.
Top Headline
Dell Technologies Inc. (NYSE:DELL) reported stronger-than-expected results for its second quarter.
The company reported second-quarter revenue of $25.03 billion, beating the consensus estimate of $24.14 billion.
Equities Trading UP
- Brenmiller Energy Ltd (NASDAQ:BNRG) shares shot up 129% to $1.54 after the company reported a year-over-year increase in H1 EPS results. Also, the company announced a projected pipeline valued up to $500 million.
- Shares of Focus Universal Inc. (NASDAQ:FCUV) got a boost, surging 78% to $0.3395 after the company in a Form4 filing disclosed that CEO Desheng Wang bought 302,100 shares of stock at an average price of $0.18 per share.
- Theriva Biologics, Inc. (NYSE:TOVX) shares were also up, gaining 42% to $6.67.
Equities Trading DOWN
- Paltalk, Inc. (NASDAQ:PALT) shares dropped 40% to $3.2766 after the company was awarded $65.7 million in District Court verdict against Cisco, which remains subject to post-trial proceedings.
- Shares of Catheter Precision, Inc. (NYSE:VTAK) were down 47% to $0.7144 after the company announced the pricing of $3.1 million underwritten public offering.
- Elastic N.V. (NYSE:ESTC) was down, falling 27% to $76.00 after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
Commodities
In commodity news, oil traded down 2.2% to $74.24 while gold traded down 0.4% at $2,549.10.
Silver traded down 1.1% to $29.67 on Friday, while copper rose 0.1% to $4.2255.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX rose 0.3% and France's CAC 40 rose 0.3%. Spain's IBEX 35 Index rose 0.4%, while London's FTSE 100 rose 0.1%.
The unemployment rate in the Eurozone eased to its record low of 6.4% in July from 6.5% in the previous month, while annual inflation rate declined to 2.2% in August from 2.6% in the prior month.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.74%, Hong Kong's Hang Seng Index gaining 1.14%, China's Shanghai Composite Index gaining 0.68% and India's BSE Sensex rising 0.28%.
The Indian economy grew by 6.7% from the prior year in the June quarter compared to a 7.8% increase in the prior period. Retail sales in Hong Kong declined 13.3% year-over-year in July.
Economics
- U.S. personal income increased by 0.3% from the prior month to $24.015 trillion in July, while personal spending rose 0.5% from the prior month.
- The US core PCE price index increased by 0.2% from the earlier month in July, in line with market estimates and following a 0.2% rise in June.
Now Read This:
- Cisco, Target And 2 Other Stocks Executives Are Selling