U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 100 points on Friday.
The Dow traded down 0.24% to 38,633.08 while the NASDAQ rose 0.81% to 15,921.72. The S&P 500 also rose, gaining, 0.28% to 5,012.01.
Check This Out: How To Earn $500 A Month From Principal Financial Group Stock Ahead Of Q4 Print
Market Movements
Information technology shares rose by 1.2% on Friday, while consumer staples shares fell by 0.8%.
Performance of Key Companies
On Thursday, Pinterest, Inc. PINS reported upbeat earnings for its fourth quarter, while sales missed estimates.
The company projected first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.
Stocks Surging Upwards
Shares of Intelligent Bio Solutions Inc. INBS shot up 145% to $7.05 following second-quarter results.
Similarly, Cloudflare, Inc. NET shares were also up, gaining 22% to $110.19 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.
Stocks in Decline
Conversely, The Children’s Place, Inc. PLCE shares dropped 53% to $9.31 after lower-than-expected sales projections for the fourth quarter.
Similarly, shares of Synlogic, Inc. SYBX were down 52% to $1.65 after the company announced restructuring measures.
EMCORE Corporation EMKR was down, falling 32% to $0.4297 after posting weak quarterly results.
Commodity Market Overview
In commodity news, oil traded up 0.7% to $76.73, while gold traded down 0.4% at $2,038.90. Silver traded down 0.4% to $22.555 on Friday while copper fell 0.7% to $3.6775.
Global Markets
European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.32%, London’s FTSE 100 fell 0.50% while Spain’s IBEX 35 Index fell 0.39% The German DAX fell 0.42% French CAC 40 fell 0.42% while Italy’s FTSE MIB Index gained 0.02%.
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.09%, Hong Kong’s Hang Seng Index falling 0.83% and India’s S&P BSE Sensex gaining 0.20%.
Economic Indicators
The CPI in the U.S. rose 0.2% month-over-month in December, according to revised figures from the BLS.
Now Read This: Jim Cramer Looks At Blackstone, Praises MercadoLibre: ‘They’re Incredibly Smart’
