U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.10% to 44,810.58 while the NASDAQ rose 0.64% to 19,826.09. The S&P 500 also rose, gaining, 0.32% to 6,094.78.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.2% on Friday.
In trading on Friday, energy shares fell by 1.6%.
Top Headline
The November jobs report revealed a stronger-than-expected rebound in hiring, recovering from October's weather-related disruptions. Wage growth also slightly outpaced forecasts.
Equities Trading UP
- Universe Pharmaceuticals INC (NASDAQ:UPC) shares shot up 285% to $4.05 after dipping 41% on Thursday.
- Shares of Avalon GloboCare Corp. (NASDAQ:ALBT) got a boost, surging 93% to $5.16.
- Gaxos.ai Inc. (NASDAQ:GXAI) shares were also up, gaining 80% to $2.5507. Gaxos Labs unveiled Visual Editor for Godot Gaming Engine.
Equities Trading DOWN
- Oriental Rise Holdings Limited (NASDAQ:ORIS) shares dropped 86% to $7.59 after surging 599% on Thursday.
- Shares of Mynaric AG (NASDAQ:MYNA) were down 57% to $0.6200. Mynaric entered into negotiation for further funding with existing lender subject to financial reorganization under StaRUG, and postponed upcoming AGM.
- zSpace, Inc. (NASDAQ:ZSPC) was down, falling 35% to $14.30 after jumping 340% on Thursday.
Commodities
In commodity news, oil traded down 1.5% to $67.27 while gold traded up 0.4% at $2,658.60.
Silver traded up 0.1% to $31.580 on Friday, while copper rose 0.3% to $4.2040.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, Germany's DAX climbed 0.1% and France's CAC 40 rose 1.2%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.3%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.77%, Hong Kong's Hang Seng Index gaining 1.56%, China's Shanghai Composite Index gaining 1.05% and India's BSE Sensex falling 0.07%.
Economics
- Nonfarm payrolls rose by 227,000, sharply accelerating from the previous upwardly revised 36,000 and above the expected 200,000 as per TradingEconomics estimates.
- The unemployment rate rose from 4.1% to 4.2%, as expected.
- Average hourly earnings advanced at a 0.4% monthly pace, holding steady from October's 0.4% increase and surpassing expectations of 0.3%.
- The University of Michigan consumer sentiment rose for a fifth straight month to 74 in December, recording the highest level since April, and up from 71.8 in November.
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