Nasdaq Surges Above 20,000; Crude Oil Moves Lower

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite surging past the 20,000 level on Friday.

The Dow traded down 0.22% to 44,613.02 while the NASDAQ rose 0.31% to 20,008.02. The S&P 500 also rose, gaining, 0.08% to 6,119.78.

Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

Leading and Lagging Sectors

Energy shares jumped by 0.5% on Friday.

In trading on Friday, health care shares fell by 0.8%.

Top Headline

The total number of active U.S. oil rigs increased by one to 481 rigs this week, Baker Hughes Inc reported.

Equities Trading UP

WeRide Inc. WRD shares shot up 82% to $31.19 after Nvidia disclosed a stake of 1.74 million shares in a 13F filing.
Shares of Jet.AI Inc JTAIgot a boost, surging 122% to $5.74 after the company announced it will be acquired by flyExclusive.
Nu Skin Enterprises, Inc. NUS shares were also up, gaining 19% to $7.62 following upbeat quarterly earnings.

Equities Trading DOWN

SoundHound AI, Inc. SOUN shares dropped 29% to $10.77 after Nvidia disclosed in a 13F filing that it dissolved its stake in the company.
Shares of Serve Robotics Inc. SERV were down 43% to $13.18 after an amended 13G filing shows NVIDIA holds no stake in the company.
Informatica Inc. INFA was down, falling 26% to $18.65 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.

Commodities

In commodity news, oil traded down 0.5% to $70.92 while gold traded down 1.6% at $2,897.80.

Silver traded up 0.3% to $32.820 on Friday, while copper fell 2.5% to $4.6605.

Euro zone

European shares closed 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.
The total number of active U.S. oil rigs increased by one to 481 rigs this week, Baker Hughes Inc reported.

Now Read This: