Dow Falls 100 Points; US Industrial Output Increases In January

Benzinga
02-15

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index falling more than 100 points on Friday.

The Dow traded down 0.24% to 44,605.35 while the NASDAQ rose 0.03% to 19,951.12. The S&P 500 also fell, dropping, 0.06% to 6,111.64.

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Leading and Lagging SectorsEnergy shares jumped by 0.7% on Friday.

In trading on Friday, consumer staples shares fell by 0.9%.

Top Headline

U.S. industrial production rose by 0.5% in January versus a revised 1% gain in December.

Equities Trading UP                       

  • WeRide Inc. (NASDAQ:WRD) shares shot up 82% to $31.33 after Nvidia disclosed a stake of 1.74 million shares in a 13F filing.
  • Shares of Jet.AI Inc (NASDAQ:JTAI)got a boost, surging 125% to $5.80 after the company announced it will be acquired by flyExclusive.
  • Nu Skin Enterprises, Inc. (NYSE:NUS) shares were also up, gaining 22% to $7.83 following upbeat quarterly earnings.

Equities Trading DOWN

  • SoundHound AI, Inc. (NASDAQ:SOUN) shares dropped 30% to $10.76 after Nvidia disclosed in a 13F filing that it dissolved its stake in the company.
  • Shares of Serve Robotics Inc. (NASDAQ:SERV) were down 43% to $13.16 after an amended 13G filing shows NVIDIA holds no stake in the company.
  • Informatica Inc. (NASDAQ:INFA) was down, falling 30% to $17.56 after the company reported worse-than-expected fourth-quarter sales results and issued FY25 revenue guidance below estimates. Multiple analysts downgraded the stock following the report.

CommoditiesIn commodity news, oil traded down 0.6% to $70.90 while gold traded down 1.2% at $2,910.00.

Silver traded up 0.4% to $32.850 on Friday, while copper fell 2.5% to $4.6575.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.24%, Germany's DAX 40 fell 0.44% and France's CAC 40 rose 0.18%. Spain's IBEX 35 Index rose 0.15%, while London's FTSE 100 fell 0.37%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.79%, China's Shanghai Composite Index gaining 0.43%, Hong Kong's Hang Seng Index gaining 3.69% and India's BSE Sensex falling 0.26%.

Economics

  • U.S. retail sales fell 0.9% month-over-month in January, compared to market estimates of a 0.1% decline, and versus a revised 0.7% increase in December.
  • U.S. export prices increased by 1.3% in January, while import prices in the U.S. climbed by 0.3% from the previous month during January.
  • U.S. industrial production rose by 0.5% in January versus a revised 1% gain in December.

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