Dow Surges 100 Points, Carnival Earnings Top Views

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

Following the market opening Friday, the Dow traded up 0.24% to 42,445.30 while the NASDAQ fell 0.13% to 19,347.54. The S&P 500 also rose, gaining, 0.08% to 5,871.87.

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Leading and Lagging Sectors

Real estate shares rose by 1.1% on Friday.

In trading on Friday, consumer staples shares fell by 0.4%.

Top Headline

Carnival Corporation CCL reported better-than-expected earnings for its fourth quarter on Friday.

The company posted quarterly earnings of 14 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $5.938 billion which beat the analyst consensus estimate of $5.932 billion.

Equities Trading UP
                       

• My Size, Inc. MYSZ shares shot up 349% to $6.11.
• Shares of Helius Medical Technologies, Inc. HSDTgot a boost, surging 119% to $0.9901.
• Taoping Inc. TAOP shares were also up, gaining 73% to $0.5490 after the company announced it received an additional 180 calendar days for compliance with the Nasdaq minimum bid price requirement.

Equities Trading DOWN

• Cyngn Inc. CYN shares dropped 76% to $0.3895 as the company reported the pricing of $20.0 million follow on offering.
• Shares of Galectin Therapeutics Inc. GALT were down 63% to $0.7600 after the company announced top-line results of its NAVIGATE clinical trial and confirmed belapectin did not achieve statistical significance.
• PainReform Ltd. PRFX was down, falling 54% to $5.09.

Commodities

In commodity news, oil traded down 1% to $68.73 while gold traded up 1.2% at $2,640.30.

Silver traded up 1.2% to $29.775 on Friday, while copper rose 0.4% to $4.0930.

Euro zone

European shares were lower today. The eurozone's STOXX 600 dipped 1.3%, Germany's DAX fell 0.9% and France's CAC 40 declined 0.7%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.5%.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.29%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index declining 0.06% and India's BSE Sensex falling 1.49%.

Economics

• The University of Michigan consumer sentiment rose to 74 in December, recording the highest level since April, and versus a reading of 71.8 in November.
• U.S. personal income increased by 0.3% month-over-month in November compared to a revised 0.7% gain in October.
• Personal spending increased by 0.4% to an annualized rate of $20.2 trillion in November.
• The U.S. personal consumption expenditures price index rose 0.1% month-over-month in November down from 0.2% in each of the prior two months and compared to market estimates of 0.2%.

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