U.S. stocks traded higher today, with the Nasdaq Composite acquiring around 50 points on Friday.
Following the marketplace opening Friday, the Dow traded up 0.09% to 44,786.91 while the NASDAQ increased 0.29% to 19,849.94. The S&P 500 likewise increased, acquiring, 0.16% to 6,093.21.
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Leading and Lagging Sectors
Infotech shares rose by 0.6% on Friday.
In trading on Friday, customer discretionary shares fell by 0.7%.
Leading Heading
Amazon.com Inc. AMZN reported better-than-expected profits and sales outcomes for its 4th quarter after the marketplace close Thursday.
Nevertheless, the business stated it sees first-quarter net sales to come in a series of $151 billion to $155.5 billion, up 5% to 9% year-over-year, below market price quotes of $158.5 billion.
Equities Trading UP
- MGO Global, Inc. MGOL shares soared 116% to $0.3988.
- Shares of Avenue Pharmaceuticals Inc. CDT got an increase, rising 92% to $2.97 after the business revealed it finished all turning points in Stage I of its tactical cooperation with Sarborg Limited.
- Farmer Bros. Co. FARM shares were likewise up, acquiring 39% to $2.51 after the business reported better-than-expected second-quarter EPS outcomes.
Equities Trading DOWN
- Nikola Corporation NKLA shares dropped 33% to $0.5052 following a report recommending that the business is checking out personal bankruptcy filing.
- Shares of Costs Holdings, Inc. EXPENSE were down 35% to $63.10. The business provided third-quarter overall profits assistance listed below price quotes.
- Newell Brands Inc NWL was down, falling 29% to $6.89 after the business provided first-quarter changed EPS assistance listed below price quotes
Products
In product news, oil traded up 0.7% to $71.13 while gold traded up 0.3% at $2,885.70.
Silver traded up 0.2% to $32.675 on Friday, while copper increased 1.7% to $4.5390.
Euro zone
European shares were primarily lower today. The eurozone’s STOXX 600 slipped 0.1%, Germany’s DAX 40 fell 0.1% and France’s CAC 40 fell 0.2%. Spain’s IBEX 35 Index increased 0.1%, while London’s FTSE 100 fell 0.2%.
Asia Pacific Markets
Asian markets closed combined on Friday, with Japan’s Nikkei 225 falling 0.72%, China’s Shanghai Composite Index climbing up 1.01%, Hong Kong’s Hang Seng Index acquiring 1.16% and India’s BSE Sensex falling 0.25%.
Economics
- Nonfarm payrolls increased by 143,000 in January 2025, marking a sharp downturn from the upwardly modified 307,000 in December and missing out on financial expert expectations of 170,000, as tracked by TradingEconomics.
- The joblessness rate inched below 4.1% to 4% in January, beating expectations of a steady reading.
- Typical per hour profits, a crucial procedure of wage inflation, increased 0.5% month-over-month, topping expectations of 0.3% and marking the greatest boost given that January 2024.
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