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Mid-Morning Market Update: Markets Open Higher; Dow Surges 1.5%

Benzinga Real-time News ·  May 13, 2022 22:44

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 450 points on Friday.

Following the market opening Friday, the Dow traded up 1.52% to 32,211.75 while the NASDAQ rose 3.31% to 11,746.83. The S&P also rose, gaining, 2.24% to 4,017.93.

Also check this: Executives Buy Around $1.6M Of 4 Penny Stocks



Leading and Lagging Sectors



Consumer discretionary shares jumped by 3.5% on Friday. Meanwhile, top gainers in the sector includedDuolingo, Inc.(NASDAQ:DUOL), up 35% andMullen Automotive, Inc.(NASDAQ:MULN) up 19%.



In trading on Friday, utilities shares rose by just 0.7%.



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