U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping around 200 points on Friday.

The Dow traded down 0.58% to 33,831.25 while the NASDAQ fell 0.58% to 12,095.62. The S&P 500, also fell, dropping, 0.41% to 4,129.34.

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Leading and Lagging Sectors

Top Headline

Citigroup Inc (NYSE:C) reported strong Q1 results.

Citigroup reported first-quarter FY23 net revenue growth of 12% year-over-year to $21.45 billion, beating the consensus of $20.03 billion. EPS for Q1 was $2.19, above the consensus of $1.67.

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Equities Trading DOWN

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Commodities

In commodity news, oil traded up 0.7% to $82.75 while gold traded down 2.1% at $2,013.20.

Silver traded down 2% to $25.42 on Friday while copper fell 0.4% to $4.1080.

Euro zone

European shares closed higher today. The eurozone’s STOXX 600 rose 0.58%, London’s FTSE 100 rose 0.36% while Spain’s IBEX 35 Index rose 0.57%. The German DAX rose 0.50%, French CAC 40 rose 0.52% and Italy’s FTSE MIB Index rose 0.89%.

Spanish annual consumer price inflation came in at 3.3% in March compared to 6% in February, while annual inflation rate in France fell to a six-month low level of 5.7% in March. Annual wholesale price inflation in Germany eased to 2% in March.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 gaining 1.2%, Hong Kong’s Hang Seng Index gaining 0.46% and China’s Shanghai Composite Index gaining 0.60%.

Total passenger car sales in India came in at 292,030 in March 2023, little changed versus the prior month. Singapore’s GDP rose by 0.1% year-over-year in Q1, versus a 2.1% expansion in the previous period.

Economics

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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 106,455,740 cases with around 1,158,010 deaths. India confirmed a total of at least 44,797,260 cases and 531,060 deaths, while France reported over 39,878,140 COVID-19 cases with 165,910 deaths. In total, there were at least 685,458,800 cases of COVID-19 worldwide with more than 6,841,400 deaths.