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Nasdaq Surges Above 20,000; Crude Oil Moves Lower
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Nasdaq Surges Above 20,000; Crude Oil Moves Lower
Feb 14, 2025 11:35 AM

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 ( JTAI ) got 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.

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