U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Friday.
The Dow traded down 0.56% to 37,498.15 while the NASDAQ fell 0.18% to 14,942.82. The S&P 500 also fell, dropping, 0.13% to 4,774.05.
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Leading and Lagging Sectors
Energy shares jumped by 1% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.8%.
Top Headline
JPMorgan Chase & Co (NYSE:JPM) reported better-than-expected earnings for its fourth quarter on Friday.
JPMorgan Chase reported quarterly net revenue (managed) of $39.943 billion, up 12% Y/Y, beating the consensus of $39.778 billion. EPS was $3.97, beating the consensus of $3.32.
Equities Trading UP
Applied UV, Inc. (NASDAQ:AUVI) shares shot up 30% to $2.94 after the company announced the launch of its Fighter Flex LED solution at the upcoming AHR Expo on Jan. 22.
Inpixon (NASDAQ:INPX) shares were also up, gaining 17% to $0.0525 after the company provided an update on pending strategic transactions.
Equities Trading DOWN
Genius Group Limited (NYSE:GNS) shares dropped 50% to $0.2547 after the company announced pricing of an $8.25 million public offering.
Shares of VCI Global Limited (NASDAQ:VCIG) were down 34% to $1.0250 after the company announced pricing of a $2.75 million public offering.
Momentus Inc. (NASDAQ:MNTS) was down, falling 22% to $0.9750 after the company announced it was notified by the Space Development Agency that it was not selected for funding for the Tranche 2 Tracking Layer and that there is substantial doubt about the company's ability to continue as a going concern.
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Commodities
In commodity news, oil traded up 2% to $73.45 while gold traded up 2.2% at $2,062.90.
Silver traded up 4.3% to $23.685 on Friday while copper rose 0.1% to $3.78.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.86%, London’s FTSE 100 rose 0.73% while Spain’s IBEX 35 Index rose 1% The German DAX rose 0.94% French CAC 40 rose 0.98% while Italy’s FTSE MIB Index rose 0.83%.
Spain's consumer price inflation eased to 3.1% year-over-year in December from 3.2% in the earlier month. Household spending in France increased by 0.7% from a month ago in November.
The British economy grew by 0.3% month-over-month in November compared to a 0.3% decline in the prior month. Industrial production in the UK increased 0.3% month-over-month in November versus a revised 1.3% decline in October The UK's trade deficit shrank to £1.408 billion in November from a revised gap of £3.198 billion a month ago.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 1.50%, Hong Kong’s Hang Seng Index falling 0.35% and China’s Shanghai Composite Index falling 0.16%. India’s S&P BSE Sensex, meanwhile, rose 1.16%.
The gauge for Japan's service sector confidence rose by 1.2 points to a reading of 50.7 in December, while Japan’s current account rose to JPY 1,925.6 billion in November versus JPY 1,772.2 billion in the year-ago period.
China's trade surplus widened to $75.34 billion in December from $70.65 billion in the year-ago month. China's producer prices fell by 2.7% year-over-year in December, while consumer prices fell by 0.3% year-over-year in December.
Economics
Producer prices in the U.S. fell 0.1% month-over-month in December, the same as in the prior month, and compared to market estimates of a 0.1% rise.
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