U.S. stocks traded higher today, with the Nasdaq Composite getting more than 100 points on Friday.
Following the marketplace opening Friday, the Dow traded up 0.13% to 49,508.69 while the NASDAQ rose 0.51% to 23,649.47. The S&P 500 likewise increased, getting, 0.28% to 6,963.79.
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Leading and Lagging Sectors
Infotech shares acquired by 0.9% on Friday.
In trading on Friday, energies stocks dipped by 1.2%.
Leading Heading
M&T Bank (NYSE: MTB) reported positive revenues for the 4th quarter on Friday.
The business published quarterly revenues of $4.72 per share which beat the expert agreement quote of $4.47 per share. The business reported quarterly sales of $2.475 billion which beat the expert agreement quote of $2.474 billion.
Equities Trading UP
- Venus Idea Inc ( NASDAQ: VERO) shares soared 367% to $6.68. Madryn Possession Management reported a stake of 91% in Venus Idea in a changed 13D filing on Thursday.
- Shares of Jeffs Brands Ltd ( NASDAQ: JFBR) got an increase, rising 131% to $1.29 after the business revealed its subsidiary, KeepZone AI, participated in a non-exclusive circulation contract with STI.
- Locafy Ltd ( NASDAQ: LCFY) shares were likewise up, getting 74% to $5.46 after the business revealed it broadened its collaboration with Experience.com.
Equities Trading DOWN
- Callan JMB Inc ( NASDAQ: CJMB) shares dropped 29% to $2.98. Callan JMB just recently signed a tactical teaming contract with Biostax Corp d/b/a Attune Biotech to supply extensive federal oversight services.
- Shares of Youlife Group Inc ( NASDAQ: YOUL) were down 24% to $0.96.
- Erayak Power Option Group Inc ( NASDAQ: RAYA) was down, falling 24% to $3.00. Shares of electrical devices business traded lower in the middle of general market weak point.
Products
In product news, oil traded up 1.1% to $59.82 while gold traded down 0.6% at $4,598.10.
Silver traded down 4.6% to $88.070 on Friday, while copper fell 2.9% to $5.8170.
Euro zone
European shares were mainly lower today. The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index increased 0.1%. London’s FTSE 100 slipped 0.1%, Germany’s DAX fell 0.2% and France’s CAC 40 slipped 0.6% throughout the session.
Asia Pacific Markets
Asian markets closed mainly lower on Friday, with Japan’s Nikkei falling 0.32%, Hong Kong’s Hang Seng Index decreasing 0.29%, China’s Shanghai Composite falling 0.26% and India’s BSE Sensex getting 0.23%.
Economics
The Federal Reserve Bank of New york city’s basic company activity index reached -16.1 in January from -20.0 in the previous month.
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