U.S. stocks traded mostly lower toward the end of trading with the Dow Jones dropping 100 points on Friday

The Dow traded down 0.30% to 33,679.02 while the NASDAQ rose 0.01% to 11,082.17. The S&P 500 also fell, dropping, 0.12% to 3,958.72.

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Leading and Lagging Sectors

In trading on Friday, energy shares fell by 1.8%.

Top Headline

The University of Michigan consumer sentiment rose to 59.1 in December from 56.8 in the previous month.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 0.1% to $71.36 while gold traded up 0.6% at $1,812.80.

Silver traded up 2.3% to $23.785 on Friday while copper fell 0.1% to $3.8795.

Euro zone

European shares closed higher today. The eurozone’s STOXX 600 gained 0.84%, London’s FTSE 100 rose 0.06% while Spain’s IBEX 35 Index rose 0.78%. The German DAX gained 0.74%, French CAC 40 rose 0.46% and Italy’s FTSE MIB Index rose 0.29%.

Industrial production in Spain increased by 2.5% year-over-year in October versus a 3.6% rise in the prior month.

Asia Pacific Markets

Asian markets closed higher on Friday, with the Japan’s Nikkei gaining 1.18% and Hong Kong’s Hang Seng Index jumping 2.32%. China’s Shanghai Composite Index rose 0.30%.

Auto sales in China dipped by 7.9% year-over-year to 2.33 million units in November following a 6.9% increase in the previous month. China's annual inflation eased to 1.6% year-over-year in November from 2.1% a month ago, while producer prices declined 1.3% year-over-year in November.

Economics

• The Producer Price Index for final demand in the US increased 0.3% month-over-month in November, compared to the revised 0.3% rise in the previous month and above market expectations of 0.2%.
• Wholesale inventories in the US rose by 0.5% from a month ago to $923.8 billion in October.
• The University of Michigan consumer sentiment rose to 59.1 in December from 56.8 in the previous month.

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 101,213,630 cases with around 1,109,390 deaths. India confirmed a total of at least 44,675,500 cases and 530,650 deaths, while France reported over 38,331,430 COVID-19 cases with 159,510 deaths. In total, there were at least 652,454,520 cases of COVID-19 worldwide with more than 6,654,870 deaths.