Dow Gains Over 100 Points; Wynn Resorts Earnings Top Views

U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.37% to 34,016.77 while the NASDAQ rose 0.74% to 13,621.71. The S&P 500 also rose, gaining, 0.47% to 4,367.57.

Check This Out: Costco, Robinhood And 2 Other Stocks Insiders Are Selling

Leading and Lagging Sectors

Information technology shares rose by 1.1% on Friday.

In trading on Friday, health care shares fell by 0.2%.

Top Headline

Wynn Resorts, Limited WYNN reported better-than-expected earnings for its third quarter on Thursday.

Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year's period. The revenue total beat a Street consensus estimate of $1.585 billion. The company reported adjusted earnings per share of 99 cents, which beat a Street consensus estimate of 75 cents per share.

Equities Trading UP

TRACON Pharmaceuticals, Inc. TCON shares shot up 100% to $0.3200 after the company reported third-quarter financial results.

Shares of INVO Bioscience, Inc. INVO got a boost, shooting 71% to $1.20. NAYA Biosciences and INVO Bioscience named Dr. Peter Kash, Ed.D., MBA as Vice Chairman following closing of their pending merger.

Marpai, Inc. MRAI shares were also up, gaining 57% to $0.6032 after the company filed to withdraw the registration statement on Form S-1. The company confirmed no securities have been sold in connection with the offering contemplated by the Registration Statement.

Equities Trading DOWN

Babcock & Wilcox Enterprises, Inc. BW shares dropped 49% to $1.1894 after the company reported third-quarter financial results.

Shares of Treace Medical Concepts, Inc. TMCI were down 38% to $6.22 after the company reported worse-than-expected third-quarter financial results and lowered FY23 revenue guidance below estimates.

Fortress Biotech, Inc. FBIO was down, falling 38% to $1.29 after the company announced pricing of a $10 million public offering.

Also Check This Out: Jim Cramer Cautions Against Investing In World's Top Scotch Whisky Distiller: 'Getting Bad Vibes'

Commodities

In commodity news, oil traded up 1.4% to $76.84 while gold traded down 1% at $1,950.70.

Silver traded down 2.1% to $22.43 on Friday while copper fell 1.2% to $3.5975.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 dipped 0.8%, London’s FTSE 100 fell 1.2% while Spain’s IBEX 35 Index fell 0.1% The German DAX fell 0.6% French CAC 40 fell 0.8%, while Italy’s FTSE MIB Index fell 0.3%.

The British economy grew 0.6% year-over-year in the third quarter, the same as in the second quarter. Construction orders in the UK fell 20% year-over-year in the third quarter. Industrial production in the UK came in flat for September versus August, while trade deficit narrowed to £1.57 billion in September versus a revised £2.70 billion in the previous month.

Industrial production in Italy came in flat month-over-month in September versus a revised 0.3% increase in August.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan’s Nikkei 225 falling 0.24%, Hong Kong’s Hang Seng Index falling 1.76% and China’s Shanghai Composite Index declining 0.47%. India’s S&P BSE Sensex, meanwhile, rose around 0.1%.

Hong Kong’s GDP grew by 4.1% year-over-year in the third quarter, up from a 1.5% expansion in the prior period.

Economics

The University of Michigan's consumer sentiment for November will be released at 10:00 a.m. ET..

Now Read This: How To Earn $500 A Month From Ralph Lauren Stock Following Upbeat Earnings