U.S. stocks traded lower this morning, with the Dow Jones falling more than 500 points on Friday.
Following the market opening Friday, the Dow traded down 1.02% to 52,328.35 while the NASDAQ dipped 0.21% to 25,953.62. The S&P 500 also fell, dropping, 0.43% to 7,630.53.
Leading and Lagging Sectors
Real estate shares jumped by 1% on Friday.
In trading on Friday, industrials stocks fell by 1.7%.
Top Headline
American Express (NYSE:AXP) shares fell around 3% after the company released results for the third quarter.
The company posted adjusted earnings of $4.68 per share, beating market estimates of $4.48 per share. The company’s sales came in at $20.062 billion, missing expectations of $20.122 billion.
Equities Trading UP
- Mynd.ai Inc – ADR (NYSE:MYND) shares shot up 77% to $0.29.
- Shares of 22nd Century Group Inc (NASDAQ:XXII) got a boost, surging 49% to $0.32. 22nd Century Group shares dipped over 20% on Thursday after the company reported a quarter-over-quarter increase of its preliminary Q3 net revenue results.
- BIO-Key International Inc (NASDAQ:BKYI) shares were also up, gaining 31% to $3.60. BIO-key International recently secured another Middle East Government contract for its passwordless, biometric, identity and access management solutions.
Equities Trading DOWN
- Lunai Bioworks Inc (NASDAQ:LNAI) shares dipped 44% to $0.26 after the company announced receipt of Nasdaq determination and intention to voluntarily delist and deregister.
- Shares of Aardvark Therapeutics Inc (NASDAQ:AARD) were down 39% to $2.42. Aardvark Therapeutics reported exploratory data from the terminated HERO and open-label extension trials.
- Lakewood-amedex Biotherapeutics Inc (NASDAQ:LABT) was down, falling 30% to $0.34. The company recently announced the presentation of preclinical Nu-3 data, with the next catalyst remaining Phase 2a topline results in Q1 2027.
Commodities
In commodity news, oil traded up 2.1% to $101.55 while gold traded down 0.5% at $4,041.50.
Silver traded down 2.1% to $53.870 on Friday, while copper rose 1.1% to $6.4690.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, while Spain’s IBEX 35 Index fell 0.3%, London’s FTSE 100 fell 0.6%, Germany’s DAX fell 1.1%, while France’s CAC 40 dipped 0.8%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 falling 0.34%, Hong Kong’s Hang Seng index gaining 0.69%, China’s SSE Composite Index gaining 0.89% and India’s BSE Sensex falling 0.17%.
Economics
The Michigan Consumer Sentiment index will be released today.
Photo via Shutterstock