Wall Street PR

Company

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Nasdaq Rises Over 200 Points; Apple Posts Upbeat Earnings

Date:

Loading…

Loading…

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Friday.

The Dow traded up 0.19% to 38,593.49 while the NASDAQ rose 1.55% to 15,600.39. The S&P 500 also rose, gaining, 0.97% to 4,953.70.

Check This Out: Amazon To Rally Over 41%? Here Are 10 Top Analyst Forecasts For Friday

 

Leading and Lagging Sectors

 

Communication services shares rose by 4.1% on Friday.

In trading on Friday, real estate shares fell by 2.3%.

 

Top Headline

 

Apple Inc. AAPL reported better-than-expected earnings and revenue for its first quarter.

The iPhone maker reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion, thanks to record Services revenue and iPhone revenue. However, the company reported a revenue decline in China.

 

Equities Trading UP

 

Intelligent Bio Solutions Inc. INBS shares shot up 80% to $4.34.
Intelligent Bio Solutions said it sees preliminary second-quarter revenue of $0.76 million.

Shares of Tyra Biosciences, Inc. TYRA got a boost, surging 23% to $15.99. Tyra Biosciences announced a $200 million private placement financing.

Meta Platforms, Inc. META shares were also up, gaining 21% to $478.68 as the company reported upbeat fourth-quarter financial results and initiated a quarterly dividend of 50 cents per share.

 

Loading…

Loading…

Equities Trading DOWN

 

Cingulate Inc. CING shares dropped 49% to $1.72. Cingulate announced pricing of $7.5 million public offering of 3.750 million shares at $2.00 per share.

Shares of Gen Digital Inc. GEN were down 19% to $19.35 after the company reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS and FY24 revenue guidance below estimates.

GRI Bio, Inc. GRI was down, falling 25% to $1.4501 after the company announced pricing of $5.5 million public offering.

Also Check This Out: Top 4 Health Care Stocks That May Crash This Quarter

 

Commodities

 

In commodity news, oil traded down 1.8% to $72.48 while gold traded down 1% at $2,050.70.

Silver traded down 2.2% to $22.73 on Friday while copper fell 0.5% to $3.8345.

 

Euro zone

 

European shares were higher today. The eurozone’s STOXX 600 gained 0.17%, London’s FTSE 100 rose 0.08% while Spain’s IBEX 35 Index rose 0.57% The German DAX rose 0.34% French CAC 40 rose 0.18% while Italy’s FTSE MIB Index rose 0.21%.

Industrial production in France rose 1.1% month-over-month in December following a 0.5% increase in the prior period. The number of foreign tourist arrivals in Spain surged by 26.2% year-over-year to 5.2 million in December.

 

Asia Pacific Markets

 

Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.41%, Hong Kong’s Hang Seng Index falling 0.21% and China’s Shanghai Composite Index falling 1.46%. India’s S&P BSE Sensex, meanwhile, rose 0.61%.

Australian final demand producer price index rose by 0.9% quarter-over-quarter in the fourth quarter, versus a 1.8% rise in the third quarter.

 

Economics

 

Non-farm payrolls increased by 353,000 in January, a jump from the upwardly revised figure of 333,000 for December and well above the expected 180,000.

The unemployment rate remained steady at 3.7%, below the expected 3.8%.

Average hourly earnings showed 0.6% growth for the month, a sharp increase from the previous 0.4% and below the predicted 0.3%.

New orders for US manufactured goods rose 0.2% month-over-month in December versus a 2.6% increase in November.

The University of Michigan consumer sentiment rose to 79 in January versus a preliminary level of 78.9.

Now Read This: DoorDash, KB Home And 2 Other Stocks Insiders Are Selling

 

Loading…

Loading…

Go Source

Chart

SignUp For Breaking Alerts

New Graphic

We respect your email privacy

Share post:

Popular

More like this
Related

The Fascinating Future of FUBO

Your Privacy When you visit any website it may use...

The way we spend now*

January is often a month of more frugal living...

Boeing, Nikola, Texas Instruments, Intuitive Surgical, And Tesla: Why These 5 Stocks Are On Investors’ Radars Today

U.S. stocks demonstrated a mixed performance on Thursday, with...