U.S. stocks traded lower this morning, with the Dow Jones index falling more than 400 points on Friday.

Following the market opening Friday, the Dow traded down 1.05% to 41,513.90 while the NASDAQ dipped 0.78% to 17,554.07. The S&P 500 also fell, dropping, 0.86% to 5,613.96.

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Leading and Lagging SectorsCommunication services shares fell by just 0.1% on Friday.

In trading on Friday, materials shares dipped by 1.8%.

Top Headline

Shares of Nike Inc (NYSE:NKE) fell around 8% on Friday after the company reported third-quarter financial results.

The athletic footwear and apparel company reported third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion.

Equities Trading UP                       

• Impact BioMedical Inc. (NYSE:IBO) shares shot up 67% to $3.4691 after jumping 292% on Thursday.
• Shares of VivoPower International PLC (NASDAQ:VVPR)got a boost, surging 38% to $1.1706. Tembo E-LV B.V., a subsidiary of VivoPower International, announced that it is working closely with CCTS to progress towards a closing of the Business Combination by Q2, calendar 2025.
• Allurion Technologies Inc. (NASDAQ:ALUR) shares were also up, gaining 49% to $3.3899 after the company announced results from its allurion program and low-dose GLP-1 therapy combination.

Equities Trading DOWN

• Damon Inc. (NASDAQ:DMN) shares dropped 70% to $0.0378 after the company announced a $16.5 million public offering.
• Shares of LQR House Inc. (NASDAQ:YHC) were down 46% to $1.23. LQR House announced a new purchase order for 168 cases of SWOL Tequila from Of The Earth Distribution Corp. following successful LCBO launch and strong demand in Ontario.
• TELA Bio, Inc. (NASDAQ:TELA) was down, falling 37% to $1.48 after the company reported worse-than-expected Q4 financial results. Additionally, Piper Sandler downgraded the stock from Overweight to Neutral and cut its price target from $5 to $2.

CommoditiesIn commodity news, oil traded down 0.3% to $67.87 while gold traded down 1.1% at $3,010.40.

Silver traded down 1.9% to $33.350 on Friday, while copper fell 1.5% to $5.0355.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.82%, Germany's DAX 40 fell 1.04% and France's CAC 40 fell 0.86%. Spain's IBEX 35 Index rose 0.01%, while London's FTSE 100 slipped 0.72%.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.20%, China's Shanghai Composite Index falling 1.29%, Hong Kong's Hang Seng Index dipped 2.19% and India's BSE Sensex gaining 0.73%.

Economics

The Baker Hughes oil rig count will be released today.

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