U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.29% to 48,045.77 while the NASDAQ rose 0.38% to 22,909.09. The S&P 500 also rose, gaining, 0.07% to 6,829.46.
Leading and Lagging Sectors
Materials shares climbed by 0.8% on Friday.
In trading on Friday, financial stocks fell by 0.8%.
Top Headline
The annual inflation rate in the U.S. surged to 3.3% in March, recording the highest reading since May 2024 and following 2.4% in both February and January.
Equities Trading UP
- Presidio Property Trust, Inc. (NASDAQ:SQFT) shares shot up 48% to $3.99 after gaining 9% on Thursday.
- Shares of Treace Medical Concepts, Inc. (NASDAQ:TMCI) got a boost, surging 25% to $1.9100.
- Organon & Co. (NASDAQ:OGN) shares were also up, gaining 28% to $8.85 following reports suggesting Sun Pharmaceutical submitted a binding offer to acquire the company.
Equities Trading DOWN
- One and one Green Technologies. Inc (NASDAQ:YDDL) shares dropped 60% to $5.54 after the company announced a $13 million follow-on offering.
- Shares of Angel Studios, Inc. (NYSE:ANGX) were down 28% to $2.06 after the company announced the pricing of its $30 million offering of 14.3 million shares at $2.10 per share.
- TAO Synergies Inc. (NASDAQ:TAOX) was down, falling 24% to $3.8150.
Commodities
In commodity news, oil traded down 0.2% to $97.72 while gold traded down 0.2% at $4,810.00.
Silver traded up 0.5% to $76.810 on Friday, while copper rose 2.8% to $5.9255.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.1%, Germany's DAX gained 0.5% and France's CAC 40 rose 0.4% during the session.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 1.84%, China's Shanghai Composite climbing 0.51%, Hong Kong's Hang Seng Index rising 0.55% and India's BSE Sensex gaining 1.20%.
Economics
- The annual inflation rate in the U.S. surged to 3.3% in March, recording the highest reading since May 2024 and following 2.4% in both February and January.
- The University of Michigan's consumer sentiment index dipped 11% to 47.6 in early April, down from market expectations of 52.
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