Nasdaq Down Over 100 Points; Lyft Shares Plummet

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite dropping more than 100 points on Friday.

The Dow traded up 0.27% to 33,789.71 while the NASDAQ fell 0.96% to 11,676.75. The S&P 500 also fell, dropping, 0.11% to 4,076.81.

Check This Out: Cameco Options Trader Sees Stock Rallying This Much By Friday Expiration

 

Leading and Lagging Sectors

 

Top Headline

The University of Michigan consumer sentiment rose to a thirteen-month high level of 66.4 in February from 64.9 in the previous month.

 

Equities Trading UP

 

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 2.1% to $79.67 while gold traded down 0.3% at $1,873.30.

Silver traded down 0.5% to $22.03 on Friday while copper fell 2% to $4.0140.

 

Euro zone

European shares closed lower today. The eurozone’s STOXX 600 fell 0.96%, London’s FTSE 100 fell 0.36% while Spain’s IBEX 35 Index fell 1.36%. The German DAX fell 1.39% French CAC 40 fell 0.82% and Italy’s FTSE MIB Index fell 0.86%.

Industrial production in the UK increased by 0.3% month-over-month in December, while the country’s economy shrank 0.5% month-over-month in December. The UK trade deficit widened to £7.2 billion in December 2022 versus a revised £2.3 billion in the previous month. Italy's industrial production increased 1.6% from a month ago in December.

 

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan’s Nikkei 225 gaining 0.31%, Hong Kong’s Hang Seng Index dropping 2% and China’s Shanghai Composite Index falling 0.3%. India’s S&P BSE Sensex slipped 0.2%.

Auto sales in China dipped by 35% from a year ago to 1.65 million units in January, while annual inflation rate increased to 2.1% in January from 1.8% in the prior month. China's producer prices fell 0.8% year-over-year in January following a 0.7% decline a month ago. Producer prices in Japan increased 9.5% year-over-year in January.

 

Economics

  • The University of Michigan consumer sentiment rose to a thirteen-month high level of 66.4 in February from 64.9 in the previous month.
  • The total number of active U.S. oil rigs climbed by 10 to 609 rigs this week, Baker Hughes Inc reported.

Now Read This: Check Out 3 High-Yielding Dividend Stocks In Materials Sector From Benzinga's Most Accurate Analysts

 

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 104,731,500 cases with around 1,139,670 deaths. India confirmed a total of at least 44,683,860 cases and 530,750 deaths, while France reported over 39,555,760 COVID-19 cases with 164,510 deaths. In total, there were at least 677,154,880 cases of COVID-19 worldwide with more than 6,779,410 deaths.

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