Crude Oil Down 2%; Enzo Biochem Shares Spike Higher

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 300 points on Friday.

The Dow traded down 1.07% to 31,899.93 while the NASDAQ fell 0.68% to 11,638.13. The S&P 500, also fell, dropping, 0.94% to 3,923.10.

Check This Out: Top 5 Tech Stocks Which You'll Regret Missing This Quarter

 

Leading and Lagging Sectors

  • Information technology shares fell by just 0.02% on Friday. Meanwhile, top gainers in the sector included WM Technology, Inc. MAPS, up 14%, and Riot Platforms, Inc. RIOT, up 11%.
  • In trading on Thursday, financials shares dipped by 2.8%.

 

Top Headline

Industrial production came in unchanged for February, following a 0.3% increase in January.

 

Equities Trading UP

  • Enzo Biochem, Inc. ENZ shares shot up 86% to $2.21 after the company announced it will sell its clinical laboratory to Labcorp.
  • Shares of Histogen Inc. HSTO got a boost, shooting 58% to $1.37 after the company announced issuance of a US patent covering CTS-2090 methods of use.
  • Traeger, Inc. COOK shares were also up, gaining 24% to $3.74 after the company announced better-than-expected Q4 results.

 

Equities Trading DOWN

  • Lifecore Biomedical, Inc. LFCR shares tumbled 64% to $1.82 after the company reported worse-than-expected Q2 financial results.
  • Shares of Diebold Nixdorf, Incorporated DBD were down 53% to $1.0887. Wedbush reiterated Diebold Nixdorf with an Outperform and maintained a $5 price target.
  • Acer Therapeutics Inc. ACER was down, falling 47% to $0.8201 after the company announced its Phase 2a trial data showing ACER-801 was safe and well-tolerated but did not achieve statistical significance when evaluating the ability to decrease the frequency or severity of hot flashes in postmenopausal women.

Also Check This Out: Check Out 3 High-Yielding Dividend Stocks In Real Estate Sector From Wall Street's Most Accurate Analysts

 

Commodities

In commodity news, oil traded down 2% to $66.97 while gold traded up 2.1% at $1,963.50.

Silver traded up 2.8% to $22.305 on Thursday while copper rose 0.9% to $3.8980.

 

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.2%, London’s FTSE 100 fell 0.93% while Spain’s IBEX 35 Index fell 1.99%. The German DAX dropped 1.31%, French CAC 40 fell 1.41% and Italy’s FTSE MIB Index fell 1.62%.

 

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.2%, Hong Kong’s Hang Seng Index gaining 1.64% and China’s Shanghai Composite Index gaining 0.73%. India’s S&P BSE Sensex rose 0.6%.

 

Economics

  • The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.
  • Industrial production came in unchanged for February, following a 0.3% increase in January.

Now Read This: Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday 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...