U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 150 points on Friday.
Following the market opening Friday, the Dow traded up 0.37% to 42,610.09 while the NASDAQ fell 0.19% to 18,247.84. The S&P 500 also rose, gaining, 0.14% to 5,789.34.
Check This Out: How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings
Leading and Lagging SectorsFinancials shares jumped by 1.3% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.7%.
Top Headline
JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected third-quarter FY24 earnings.
Reported revenue rose 7% year-on-year to $42.654 billion, beating the consensus of $41.649 billion. Net revenue (managed) stood at $43.3 billion (+6% Y/Y) in the quarter. Net income fell 2% Y/Y to $12.90 billion in the quarter. EPS of $4.37, exceeding the consensus of $4.00.
Equities Trading UP
Equities Trading DOWN
CommoditiesIn commodity news, oil traded down 0.9% to $75.16 while gold traded up 1.1% at $2,667.10.
Silver traded up 1.2% to $31.620 on Friday, while copper rose 0.8% to $4.4635.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.4%, Germany's DAX gained 0.4% and France's CAC 40 rose 0.3%. Spain's IBEX 35 Index rose 0.4%, while London's FTSE 100 rose 0.1%.
The UK’s trade deficit shrank to £0.96 billion in August compared to a revised £4.71 billion gap in July, while the British economy grew by 0.2% month-over-month in August. Industrial production in the UK climbed 0.5% month-over-month in August. The annual inflation rate in Germany fell to 1.6% in September from 1.9% in August
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.57%, China's Shanghai Composite Index dipping 2.55% and India's BSE Sensex falling 0.28%.
Industrial production in India fell 0.1% year-over-year in August compared to a revised 4.7% gain in July.
Economics
Core producer prices in the U.S. increased by 0.2% from the previous month for September compared to a 0.3% rise in August.
Now Read This:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.