U.S. stocks traded mixed this morning, with the Dow Jones index falling over 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.14% to 44,496.54 while the NASDAQ rose 0.05% to 20,063.40. The S&P 500 also rose, gaining, 0.02% to 6,119.92.
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Leading and Lagging Sectors
Energy shares surged by 0.9% on Friday.
In trading on Friday, information technology shares fell by 0.6%.
Top Headline
Verizon Communications Inc (NYSE:VZ) reported better-than-expected fiscal fourth-quarter sales results on Friday.
Its revenue growth was 1.6% year-over-year reaching $35.70 billion, topping the analyst consensus estimate of $35.32 billion. Adjusted EPS of $1.10 was in line with the analyst consensus estimate.
Verizon added ~1 million postpaid mobile and broadband subscribers in the quarter, marking its best quarterly result in more than a decade.
Equities Trading UP
- Allurion Technologies Inc. (NASDAQ:ALUR) shares shot up 171% to $10.01 after the company announced plans to raise approximately $7.4 million of gross proceeds in offering priced at-the-market.
- Shares of Nvni Group Limited (NASDAQ:NVNI)got a boost, surging 98% to $2.9501 after the company announced it regained Nasdaq compliance regarding the minimum bid pricing list requirement.
- PMGC Holdings Inc. (NASDAQ:ELAB) shares were also up, gaining 77% to $3.5100 after the company announced its Northstrive Biosciences subsidiary will present at a symposium on anti-obesity treatments.
Equities Trading DOWN
- U Power Limited (NASDAQ:UCAR) shares dropped 28% to $5.75 after the company announced the pricing of $5 million registered direct offering.
- Shares of Hyzon Motors Inc. (NASDAQ:HYZN) were down 27% to $0.5599.
- Diginex Limited (NASDAQ:DGNX) was down, falling 48% to $6.64. Diginex announced the closing of $9.2 million initial public offering.
Commodities
In commodity news, oil traded up 0.5% to $75.00 while gold traded up 0.7% at $2,784.10.
Silver traded up 1.5% to $31.290 on Friday, while copper fell 0.2% to $4.3215.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX 40 fell 0.1% and France's CAC 40 gained 0.5%. Spain's IBEX 35 Index fell 0.3%, while London's FTSE 100 fell 0.5%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.07%, China's Shanghai Composite Index gaining 0.70%, Hong Kong's Hang Seng Index gaining 1.86% and India's BSE Sensex falling 0.43%.
Economics
- The S&P Global services PMI declined to 52.8 in January from 56.8 in the previous month, compared to market expectations of 56.5.
- The S&P Global manufacturing PMI rose to 50.1 in January versus 49.4 in December, versus market estimates of 49.7
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