U.S. stocks traded mixed toward the end of trading, with the S&P 500 edging lower on Friday.
The Dow traded down 0.14% to 43,851.19 while the NASDAQ rose 0.04% to 19,911.75. The S&P 500 also fell, dropping, 0.04% to 6,048.90.
Leading and Lagging Sectors
Information technology shares jumped by 0.3% on Friday.
In trading on Friday, materials shares fell by 1.1%.
Top Headline
U.S. import prices increased by 0.1% from the previous month in November. Export prices came in unchanged for November compared to a 1% gain in the previous month.
Equities Trading UP
- WISeKey International Holding AG (NASDAQ:WKEY) shares shot up 86% to $6.09 following the company's confirmation of its subsidiary WISeSat.Space's satellite launch with SpaceX. The goal of the launch is to deploy post-quantum-ready next-generation WISeSat satellites. This will showcase the combination of WISeKey's Root of Trust and SEALSQ's Post-Quantum Chips, providing security against emerging quantum threats.
- Shares of Broadcom Inc. (NASDAQ:AVGO) got a boost, surging 22% to $220.24 after the company posted better-than-expected earnings for its fourth quarter.
- RH (NYSE:RH) shares were also up, gaining 13% to $430.78 after the company raised its guidance. Also, Baird maintained a Neutral rating on the stock and raised its price target from $300 to $400.
Equities Trading DOWN
- Repare Therapeutics Inc. (NASDAQ:RPTX) shares dropped 57% to $1.6895 after the company reported results of Lunresertib and Camonsertib combination from MYTHIC Phase 1 gynecologic expansion clinical trial.
- Shares of 22nd Century Group, Inc. (NASDAQ:XXII) were down 35% to $0.0480 after the company announced a 1-for-135 reverse stock split.
- Inovio Pharmaceuticals, Inc. (NASDAQ:INO) was down, falling 38% to $2.34 after the company announced a public offering of 10 million shares for gross proceeds of $30 million.
Commodities
In commodity news, oil traded up 1.8% to $71.25 while gold traded down 1.3% at $2,675.00.
Silver traded down 1.8% to $31.050 on Friday, while copper fell 1.1% to $4.1985.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 0.53%, Germany's DAX fell 0.10% and France's CAC 40 fell 0.15%. Spain's IBEX 35 Index slipped 0.11%, while London's FTSE 100 fell 0.14%.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.95%, Hong Kong's Hang Seng Index dipping 2.09%, China's Shanghai Composite Index tumbling 2.01% and India's BSE Sensex gaining 1.04%.
Economics
- U.S. import prices increased by 0.1% from the previous month in November.
- U.S. export prices came in unchanged for November compared to a 1% gain in the previous month.
- The total number of active U.S. oil rigs came in unchanged at 482 rigs this week, Baker Hughes Inc reported.
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