US Stocks Edge Higher; Deere Posts Upbeat Earnings

U.S. stocks traded slightly higher this morning, with the S&P 500 gaining around 0.1% on Friday.

Following the market opening Friday, the Dow traded up 0.04% to 44,728.67 while the NASDAQ rose 0.02% to 19,950.58. The S&P 500 also rose, gaining, 0.11% to 6,121.56.

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Leading and Lagging Sectors

Energy shares jumped by 1.5% on Friday.

In trading on Friday, consumer staples shares fell by 0.7%.

Top Headline

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.

Equities Trading UP

SRM Entertainment, Inc. SRM shares shot up 105% to $0.7360 after the company announced a lock-up agreement with shareholder Safety Shot.
Shares of Jet.AI Inc JTAIgot a boost, surging 140% to $6.18 after the company announced it will be acquired by flyExclusive.
WeRide Inc. WRD shares were also up, gaining 97% to $33.76 after Nvidia disclosed a stake of 1.74 million shares in a 13F filing.

Equities Trading DOWN

Bellevue Life Sciences Acquisition Corp. BLAC shares dropped 43% to $3.8499. The company announced approval for a business combination proposal and name change with OSR Holdings beginning on February 18.
Shares of Serve Robotics Inc. SERV were down 43% to $12.96 after an amended 13G filing shows NVIDIA holds no stake in the company.
Bolt Projects Holdings, Inc. BSLK was down, falling 43% to $0.6970. Bolt Projects Holdings entered into settlement agreement with Golden Arrow.

Commodities

In commodity news, oil traded up 0.5% to $71.61 while gold traded down 0.1% at $2,941.80.

Silver traded up 3.2% to $33.780 on Friday, while copper fell 1.5% to $4.7065.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX 40 fell 0.3% and France's CAC 40 rose 0.5%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 fell 0.3%.

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 in rose by 0.5% in January versus a revised 1% gain in December.

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