Nasdaq Jumps Over 150 Points; Apple Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 150 points on Friday.

Following the market opening Friday, the Dow traded up 0.19% to 44,968.22 while the NASDAQ climbed 0.84% to 19,847.18. The S&P 500 also rose, gaining, 0.41% to 6,095.78.

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Leading and Lagging Sectors

Communication services shares surged by 0.8% on Friday.

In trading on Friday, energy shares fell by 1.4%.

Top Headline

Apple Inc AAPL reported better-than-expected first-quarter financial results after the market close on Thursday.

Apple reported fiscal first-quarter revenue of $124.3 billion, beating analyst estimates of $124.13 billion. The iPhone maker reported first-quarter adjusted earnings of $2.40 per share, beating analyst estimates of $2.36 per share. However, sales of its iPhone handset device declined to $69.14 billion from $69.70 billion in the year-ago period.

Equities Trading UP
                       

• TCTM Kids IT Education Inc. TCTM shares shot up 187% to $0.5197.
• Shares of Signing Day Sports, Inc. SGNgot a boost, surging 70% to $4.34 after the company announced it retains rights as the National Recruiting Partner to the U.S. Army Bowl through 2026 in new deal.
• NLS Pharmaceutics AG NLSP shares were also up, gaining 45% to $2.85 after announcing its merger with Kadimastem has been approved by shareholders.

Equities Trading DOWN

• Enveric Biosciences, Inc. ENVB shares dropped 45% to $2.16 after the company announced a $5 million public offering of 1.67 million units of common stock.
• Shares of NewGenIvf Group Limited NIVF were down 40% to $0.1554 after the company announced a 1-for-20 reverse stock split.
• Benson Hill, Inc. BHIL was down, falling 34% to $2.62. Benson Hill recently announced results from a controlled broiler feeding trial conducted with Tyson Foods.

Commodities

In commodity news, oil traded up 0.1% to $72.76 while gold traded up 0.2% at $2,850.80.

Silver traded up 0.5% to $32.64 on Friday, while copper fell 1% to $4.2665.

Euro zone

European shares were mostly higher today. The eurozone’s STOXX 600 rose 0.3%, Germany’s DAX 40 gained 0.2% and France’s CAC 40 climbed 0.3%. Spain’s IBEX 35 Index fell 0.1%, while London’s FTSE 100 rose 0.4%.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 0.15% and India’s BSE Sensex gaining 0.97%.

Economics

• U.S. personal income increased 0.4% month-over-month in December compared to a 0.3% gain in November.
• Personal spending climbed by 0.7% month-over-month to an annualized rate of $20.387 trillion in December.
• The core PCE price index in the US increased by 0.2% from the previous month for December.

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