Dow Edges Lower; Exxon Mobil Earnings Top Views

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Friday.

The Dow traded down 0.04% to 44,865.23 while the NASDAQ climbed 1.15% to 19,908.53. The S&P 500 also rose, gaining, 0.57% to 6,105.94.

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Leading and Lagging Sectors

Communication services shares surged by 1.6% on Friday.

In trading on Friday, energy shares fell by 2.3%.

Top Headline

Exxon Mobil Corporation XOM reported better-than-expected fourth-quarter earnings.

Total revenues and other income stood at $83.4 billion, missing the consensus of $86.6 billion.

Net production in the fourth quarter was 4.6 million oil-equivalent barrels per day, an increase of 20,000 oil-equivalent barrels per day from the prior quarter.

Adjusted net profit came in at $7.39 billion, down from $8.61 billion in the prior quarter. Adjusted EPS stood at $1.67, beating the consensus of $1.56.

Equities Trading UP

Viavi Solutions Inc. VIAV shares shot up 27% to $12.72 after the company reported better-than-expected second-quarter financial results.
Shares of Signing Day Sports, Inc. SGNgot a boost, surging 65% to $4.2199 after the company announced it retains rights as the National Recruiting Partner to the U.S. Army Bowl through 2026 in new deal.
NLS Pharmaceutics AG NLSP shares were also up, gaining 37% to $2.7210 after announcing its merger with Kadimastem has been approved by shareholders.

Equities Trading DOWN

Enveric Biosciences, Inc. ENVB shares dropped 46% to $2.1110 after the company announced a $5 million public offering of 1.67 million units of common stock.
Shares of NewGenIvf Group Limited NIVF were down 38% to $0.1593 after the company announced a 1-for-20 reverse stock split.
Walgreens Boots Alliance, Inc. WBA was down, falling 16% to $9.61 after the company announced it suspended its quarterly dividend.

Commodities

In commodity news, oil traded up 0.1% to $72.83 while gold traded up 0.2% at $2,850.90.

Silver traded up 0.5% to $32.665 on Friday, while copper fell 0.5% to $4.2845.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.16%, Germany's DAX 40 fell 0.08% and France's CAC 40 climbed 0.03%. Spain's IBEX 35 Index fell 0.24%, while London's FTSE 100 rose 0.24%.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.15% and India's BSE Sensex gaining 0.97%.

Economics

U.S. personal income increased 0.4% month-over-month in December compared to a 0.3% gain in November.
Personal spending climbed by 0.7% month-over-month to an annualized rate of $20.387 trillion in December.
The core PCE price index in the US increased by 0.2% from the previous month for December.
The Chicago PMI climbed to 39.5 in January from 36.9 in the previous month.

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