U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining around 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.19% to 53,673.21 while the NASDAQ slipped 0.01% to 26,541.21. The S&P 500 also rose, gaining, 0.09% to 7,737.82.
Leading and Lagging Sectors
Communication services shares jumped by 1.1% on Friday.
In trading on Friday, information technology stocks fell by 0.3%.
Top Headline
The Chicago Business Barometer dipped to 47.1 in August from 57.6 in the previous month and also missing market estimates of 58.3.
Equities Trading UP
Equities Trading DOWN
BioXcel Therapeutics Inc (NASDAQ: BTAI ) shares dropped 73% to $0.20 after the company announced it filed for Chapter 11 Bankruptcy. Shares of Kaixin Holdings (NASDAQ: KXIN ) were down 46% to $0.81. Antelope Enterprise Holdings Ltd (NASDAQ: AEHL ) was down, falling 35% to $3.30 after the company announced an $18.99 million private placement of 15 million Class A ordinary shares at $1.266 per share with warrants for 15 million shares at $0.50/share.Commodities
In commodity news, oil traded down 1.1% to $82.63 while gold traded down 0.1% at $4,661.10.
Silver traded up 3.2% to $71.675 on Friday, while copper rose 0.4% to $6.7175.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.4%, while Spain’s IBEX 35 Index rose 0.6%, London’s FTSE 100 rose 0.1%, Germany’s DAX gained 0.5%, while France’s CAC 40 jumped 1%.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan’s Nikkei 225 gaining 0.41%, Hong Kong’s Hang Seng index gaining 0.08%, China’s Shanghai Composite falling 0.11% and India’s BSE Sensex gaining 0.43%.
Economics
The Chicago Business Barometer dipped to 47.1 in August from 57.6 in the previous month and also missing market estimates of 58.3.
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Posted In: Markets Trading Ideas News Commodities Eurozone Equities Mid-Morning Market Update