U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.25% to 46,067.55 while the NASDAQ slipped 0.36% to 22,480.34. The S&P 500 also fell, dropping, 0.15% to 6,619.14.
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Leading and Lagging Sectors
Energy shares jumped by 1% on Friday.
In trading on Thursday, information technology stocks fell by 0.5%.
Top Headline
American Express Co (NYSE:AXP) reported better-than-expected third-quarter 2025 results on Friday.
The company reported quarterly revenue (net of interest expense) growth of 11% year-over-year to $18.43 billion, topping the analyst consensus estimate of $18.05 billion. Adjusted EPS also exceeded projections, coming in at $4.14, topping the analyst consensus estimate of $4.00.
American Express raised its full-year 2025 revenue outlook to $71.88 billion-$72.54 billion, representing a 9%-10% year-over-year increase (prior $71.22 billion-$72.54 billion), compared to the analyst consensus estimate of $71.60 billion.
The company also raised its EPS guidance to $15.20-$15.50 (from $15.00–$15.50 prior), compared with the analyst consensus of $15.33.
Equities Trading UP
- Rani Therapeutics Holdings Inc (NASDAQ:RANI) shares shot up 189% to $1.36 after the company announced a Collaboration and License Agreement with Chugai Pharmaceutical for the development and commercialization of an oral product. The company announced an oversubscribed $60.3 million private placement.
- Shares of Artiva Biotherapeutics Inc (NASDAQ:ARTV) got a boost, surging 95% to $5.40 after the company announced that the FDA granted Fast Track Designation to AlloNK. Also, Wedbush raised its price target on the stock from $18 to $23.
- VirnetX Holding Corp (NASDAQ:VHC) shares were also up, gaining 50% to $25.27.
Equities Trading DOWN
- UTime Ltd (NASDAQ:WTO) shares dropped 33% to $0.090. UTime reported the pricing of $25 million registered direct offering.
- Shares of INVO Fertility Inc (NASDAQ:IVF) were down 35% to $0.92 after jumping over 85% on Thursday. Shares of fertility stocks traded sharply higher on Thursday following a report suggesting that the White House is set to announce a proposal that would make IVF more accessible.
- UTime Ltd (NASDAQ:WTO) was down, falling 33% to $0.090 after the company announced the pricing of $25 million registered direct offering.
Commodities
In commodity news, oil traded up 0.1% to $57.46 while gold traded down 0.3% at $4,290.10.
Silver traded down 3.6% to $51.380 on Friday, while copper fell 0.5% to $4.9720.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.9%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 fell 0.8%, Germany's DAX 40 declined 1.6% and France's CAC 40 slipped 0.1% during the session.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 1.44%, Hong Kong's Hang Seng index falling 2.48%, China's Shanghai Composite dipping 1.95% and India's BSE Sensex rising 0.58%.
Economics
The Baker Hughes oil rig count report for the latest week will be released today.
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