U.S. stocks traded mixed this morning, with the Dow Jones index down around 0.1% on Friday.
Following the market opening Friday, the Dow traded down 0.09% to 43,874.75 while the NASDAQ rose 0.42% to 19,987.05. The S&P 500 also rose, gaining, 0.14% to 6,059.64.
Leading and Lagging Sectors
Information technology shares jumped by 1% on Friday.
In trading on Friday, materials shares fell by 1.1%.
Top Headline
Shares of Broadcom Inc. (NASDAQ:AVGO) jumped around 22% on Friday after the company posted better-than-expected earnings for its fourth quarter.
The company said it sees first-quarter revenue of approximately $14.6 billion, versus the $14.612 billion estimate. The company also issued adjusted EBITDA guidance of approximately 66 percent of projected revenue for the first quarter.
Equities Trading UP
- WISeKey International Holding AG (NASDAQ:WKEY) shares shot up 75% to $5.74. WISeKey announced WISeSat satellite launch with SpaceX on Jan. 14, 2025.
- Shares of Loop Industries, Inc. (NASDAQ:LOOP) got a boost, surging 35% to $1.6693. Loop Industries completed convertible preferred financing with Reed Societe Generale Group.
- TruGolf Holdings, Inc. (NASDAQ:TRUG) shares were also up, gaining 35% to $0.7034 after jumping around 18% on Thursday.
Equities Trading DOWN
- Repare Therapeutics Inc. (NASDAQ:RPTX) shares dropped 48% to $2.08 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 42% to $0.0425 after the company announced a 1-for-135 reverse stock split.
- Inovio Pharmaceuticals, Inc. (NASDAQ:INO) was down, falling 40% to $2.2701 after the company announced a public offering of 10 million shares for gross proceeds of $30 million.
Commodities
In commodity news, oil traded up 0.9% to $70.65 while gold traded down 1.2% at $2,676.40.
Silver traded down 2.5% to $30.830 on Friday, while copper fell 1.2% to $4.1950.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.55%, Germany's DAX fell 0.15% and France's CAC 40 fell 0.18%. Spain's IBEX 35 Index slipped 0.14%, while London's FTSE 100 fell 0.33%.
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.
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