U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.31% to 51,760.92 while the NASDAQ dipped 0.93% to 25,123.51. The S&P 500 also fell, dropping, 0.50% to 7,320.48.
Leading and Lagging Sectors
Health care shares jumped by 2.1% on Friday.
In trading on Friday, information technology stocks fell by 1.8%.
Top Headline
The goods trade deficit in the U.S. rose to $105.8 billion in May from $83 billion in the prior month, recording the widest gap in over one year, and compared to market estimates of an $85 billion gap.
Equities Trading UP
- Sadot Group Inc (NASDAQ:SDOT) shares shot up 106% to $12.74.
- Shares of INLIF Ltd (NASDAQ:INLF) got a boost, surging 87% to $0.056. The company recently announced its strategic entry into the humanoid robotics market.
- INVO Fertility Inc (NASDAQ:IVF) shares were also up, gaining 77% to $2.20. INVO Fertility acquired HRCFG for $175,001, gaining full control of Alabama Fertility Clinic.
Equities Trading DOWN
- Scage Future – ADR (NASDAQ:SCAG) shares dropped 36% to $0.42.
- Shares of BTC Digital Ltd (NASDAQ:BTCT) were down 33% to $0.76 after the company announced a $7 million offering of ordinary shares and pre-funded and investor warrants at a price of $1.14 per common unit.
- Creative Medical Technology Holdings Inc (NASDAQ:CELZ) was down, falling 25% to $1.50. The company recently announced FDA clearance to expand its trial evaluating CELZ-201 for chronic lower back pain.
Commodities
In commodity news, oil traded down 3.1% to $69.70 while gold traded up 0.6% at $4,073.70.
Silver traded down 0.1% to $58.350 on Friday, while copper rose 1.6% to $6.1720.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 dipped 1.2%, while Spain’s IBEX 35 Index fell 0.8%. London’s FTSE 100 fell 0.9%, Germany’s DAX declined 1.6%, while France’s CAC 40 tumbled 1%.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan’s Nikkei 225 dipping 4.15%, Hong Kong’s Hang Seng Index falling 1.76% and China’s Shanghai Composite dropping 2.26%.
Economics
- The goods trade deficit in the U.S. rose to $105.8 billion in May from $83 billion in the prior month, recording the widest gap in over one year, and compared to market estimates of an $85 billion gap.
- U.S. wholesale inventories rose by 0.3% month-over-month to $943.9 billion in May, compared to a 0.7% rise in the previous month and above market estimates of a 0.2% gain.
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