US Stocks Mixed; Dow Falls Over 200 Points

U.S. stocks traded higher this morning, with the Dow Jones index falling more than 200 points on Friday.

Following the market opening Friday, the Dow traded down 0.46% to 49,158.56 while the NASDAQ gained 0.19% to 23,481.32. The S&P 500 also rose, gaining, 0.03% to 6,915.27.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Energy shares gained by 1.3% on Friday.

In trading on Friday, financial stocks dipped by 0.8%.

Top Headline

SLB Limited (NYSE:SLB) reported Friday fourth-quarter results that showed sequential improvement as global upstream activity stabilized.

Fourth-quarter revenue totaled $9.745 billion, up 5% from a year earlier and above the $9.547 billion analyst estimate. Diluted GAAP earnings per share were 55 cents, down from 77 cents a year earlier, while diluted EPS, excluding charges and credits, was 78 cents, down from 92 cents a year earlier but ahead of the 74-cent estimate.

Equities Trading UP
           

• Movano Inc. (NASDAQ:MOVE) shares shot up 150% to $17.43 after the company announced that Corvex, with which it has recently combined, has secured a long-term NVIDIA H200 GPU deployment.
• Shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) got a boost, surging 103% to $4.6999.
• TryHard Holdings Limited (NASDAQ:THH) shares were also up, gaining 92% to $1.3501.

Equities Trading DOWN

• Aptera Motors Corp. (NASDAQ:SEV) shares dropped 45% to $1.3350 after the company announced pricing of $9 million public offering.
• Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) were down 40% to $1.6309 after the company issued a business update regarding recent market demand trends in the United States.
• The OLB Group, Inc. (NASDAQ:OLB) was down, falling 30% to $0.6050 after the company announced the pricing of its $1.3 million registered direct offering.

Commodities

In commodity news, oil traded up 2.9% to $61.10 while gold traded up 0.8% at $4,952.50.

Silver traded up 3.6% to $99.800 on Friday, while copper rose 2.7% to $5.9355.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.2%, while Spain's IBEX 35 Index fell 0.8%. London's FTSE 100 fell 0.1%, Germany's DAX gained 0.1% and France's CAC 40 fell 0.3% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei gaining 0.29%, Hong Kong's Hang Seng Index gaining 0.45%, China's Shanghai Composite gaining 0.33% and India's BSE Sensex falling 0.94%.

Economics

• The University of Michigan's consumer sentiment index rose to 56.4 in January from a preliminary reading of 54.0 and December's reading of 52.9.
• The S&P Global services PMI came in unchanged at 52.5 in January.
• The S&P Global composite PMI rose to 52.8 in January from 52.7 in the previous month.
• The S&P Global manufacturing PMI rose to 51.9 in January from December's reading of 51.8.

Photo via Shutterstock