U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Friday.
The Dow traded up 0.85% to 51,785.35 while the NASDAQ gained 0.55% to 27,086.81. The S&P 500 also rose, gaining, 0.50% to 7,742.75.
Leading and Lagging Sectors
Information technology shares jumped by 1.2% on Friday.
In trading on Friday, energy stocks fell by 1.2%.
Top Headline
The University of Michigan’s consumer sentiment index fell to 48.1 in September from 51.7 in the previous month. However, the latest reading came in higher than the preliminary reading of 47.8.
Equities Trading UP
- Atlas Energy Solutions Inc (NYSE:AESI) shares shot up 15% to $12.59 after the company announced that two of its wholly owned, indirect subsidiaries executed separate cost reimbursement agreements.
- Shares of Marygold Companies Inc (NYSE:MGLD) got a boost, surging 92% to $1.94 after Madison Dearborn Partners agreed to acquire the company in an all-cash deal valued at $2 per share, representing a 100% premium to the prior closing price.
- INLIF Ltd (NASDAQ:INLF) shares were also up, gaining 72% to $5.08 after the company reported a H1 profit versus a year-ago loss, driven by 26% revenue growth and higher margins.
Equities Trading DOWN
- Zscaler Inc (NASDAQ:ZS) shares dropped 9% to $195.64. Zscaler named Ross Tackett as chief revenue officer.
- Shares of Scholastic Corp (NASDAQ:SCHL) were down 8% to $32.00 after the company reported downbeat results for the first quarter.
- Trugolf Holdings Inc (NASDAQ:TRUG) was down, falling 33% to $0.27 after the company announced a 1-for-10 reverse split of its Class A common stock
Commodities
In commodity news, oil traded down 2.5% to $92.26 while gold traded up 0.5% at $4,319.10.
Silver traded up 1.1% to $64.730 on Friday, while copper fell 0.3% to $6.7720.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, 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 declined 0.1%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 1.30%, Hong Kong’s Hang Seng index dipping 1.01% and India’s BSE Sensex rising 0.43%.
Economics
- U.S. durable goods orders came in largely flat month-over-month at $338.6 billion in August, following two straight monthly gains and versus market estimates of a 0.4% decline.
- The University of Michigan’s consumer sentiment index fell to 48.1 in September from 51.7 in the previous month. However, the latest reading came in higher than the preliminary reading of 47.8.
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