U.S. stocks traded lower this morning, with the Nasdaq Composite falling over 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.18% to 42,140.55 while the NASDAQ fell 0.57% to 19,066.89. The S&P 500 also fell, dropping, 0.34% to 5,892.19.
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Leading and Lagging Sectors
Consumer staples shares jumped by 0.9% on Friday.
In trading on Friday, energy stocks fell by 0.9%.
Top Headline
The Chicago PMI declined to 40.5 in May versus 44.6 in the previous month.
Equities Trading UP
- Global Interactive Technologies, Inc. (NASDAQ:GITS) shares shot up 149% to $2.41.
- Shares of Nuburu, Inc. (NYSE:BURU) got a boost, surging 136% to $0.4735.
- BioLineRx Ltd. (NASDAQ:BLRX) shares were also up, gaining 79% to $6.95 after the company said updated results from the pilot phase of its CheMo4METPANC Phase 2 combination trial in pancreatic cancer indicated four of eleven patients remained progression free after more than one year.
Equities Trading DOWN
- Babcock & Wilcox Enterprises (NYSE:BWNB) shares dropped 33% to $8.74.
- Shares of Medicus Pharma Ltd. (NASDAQ:MDCX) were down 32% to $2.4624.
- CollPlant Biotechnologies Ltd. (NASDAQ:CLGN) was down, falling 31% to $3.1201. CollPlant Biotechnologies announced a $3.6 million registered direct offering priced at-the-market under Nasdaq rules.
Commodities
In commodity news, oil traded down 1.2% to $60.24 while gold traded down 0.9% at $3,313.30.
Silver traded down 1% to $33.075 on Friday, while copper fell 0.4% to $4.6560.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.3%. London's FTSE 100 rose 0.7%, Germany's DAX 40 rose 0.3% and France's CAC 40 fell 0.3% during the session.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei falling 1.22%, Hong Kong's Hang Seng Index dipping 1.20%, China's Shanghai Composite Index falling 0.47% and India's BSE Sensex declining 0.22%.
Economics
- The University of Michigan consumer sentiment was revised higher to 52.2 in May versus a preliminary reading of 50.8.
- The Chicago PMI declined to 40.5 in May versus 44.6 in the previous month.
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