Mid-Day Market Update: Crude Oil Down 4%; SORL Auto Parts Shares Spike Higher

Midway through trading Friday, the Dow traded down 0.32% to 28074.12 while the NASDAQ fell 0.24% to 8,684.20. The S&P also fell, dropping 0.27% to 3,145.27.

Leading and Lagging Sectors

Real estate shares climbed 0.1% on Friday. Meanwhile, top gainers in the sector included The St. Joe Company JOE, up 9%, and BRT Apartments Corp. BRT, up 5%.

In trading on Friday, energy shares fell 1.2%.

Top Headline

Tech Data Corporation TECD shares jumped around 12% after the company announced it will be acquired by Apollo affiliates for $145/share in cash, an increase from $130/share previously.


Equities Trading UP

ASLAN Pharmaceuticals Limited ASLN shares shot up 92% to $4.46 after surging 81.25% on Wednesday.

Shares of Can-Fite BioPharma Ltd. CANF got a boost, shooting up 32% to $3.40 following Q3 clinical update, highlighting an agreement with the FDA on its liver cancer study design, a South Korean distribution deal and an agreement to develop cannabinoid-based pharmaceuticals and assays.

SORL Auto Parts, Inc. SORL shares were also up, gaining 28% to $4.3650 after the company announced it would be acquired for $4.72 per share.


Equities Trading DOWN

Paringa Resources Limited PNRL shares tumbled 57% to $2.25 after climbing 266.20% on Wednesday.

Shares of Pier 1 Imports, Inc. PIR were down 11% to $8.33.

TKK Symphony Acquisition Corporation TKKS was down, falling 18% to $8.31.

Commodities


In commodity news, oil traded down 4% to $55.79, while gold traded up 0.6% to $1,469.50.

Silver traded up 0.1% Friday to $17.075, while copper fell 1.5% to $2.6545.

Euro zone


European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.35%, the Spanish Ibex Index rose 0.02%, while Italy’s FTSE MIB Index declined 0.22%. Meanwhile, the German DAX dropped 0.03%, and the French CAC 40 fell 0.08% while UK shares fell 0.94%.

Economics

Data on money supply for the recent week will be released at 4:30 p.m. ET.

Posted In: NewsEurozoneCommoditiesGlobalIntraday UpdateMarketsMid-Day Market Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...