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Crude Oil Gains Over 1%; VEON Shares Spike Higher
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Crude Oil Gains Over 1%; VEON Shares Spike Higher
Mar 13, 2026 10:40 AM

U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling more than 100 points on Friday.

The Dow traded up 0.03% to 46,691.58 while the NASDAQ fell 0.71% to 22,153.27. The S&P 500 also fell, dropping, 0.31% to 6,651.81.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Utilities shares climbed by 1.2% on Friday.

In trading on Friday, communication services stocks fell by 1.2%.

Top Headline

The Personal Consumption Expenditures (PCE) price index rose 2.8% year over year in January, down from 2.9% in December and below expectations for an unchanged reading.

Equities Trading UP

           

VEON Ltd. ( VEON ) shares shot up 26% to $55.76 after the company reported better-than-expected quarterly sales results and issued FY26 sales guidance above estimates.

Shares of bioAffinity Technologies Inc ( BIAF ) got a boost, surging 125% to $2.40 after the company reported FY25 financial results.

El Pollo Loco Holdings, Inc. ( LOCO ) shares were also up, gaining 18% to $12.85 after the company reported better-than-expected fourth-quarter financial results.

Equities Trading DOWN

Immutep Ltd ( IMMP ) – ADR shares dropped 83% to $0.48 after the company announced that the Independent Data Monitoring Committee recommends ending Phase 3 trial for TACTI-004 following planned futility analysis.

Shares of Innovation Beverage Group Ltd ( IBG ) were down 44% to $1.39 after the company announced pricing of $6 million public offering.

KinderCare Learning Companies Inc ( KLC ) was down, falling 38% to $2.12 after the company reported fourth-quarter financial results and issued FY26 adjusted EPS guidance below estimates. Also, Baird and Morgan Stanley downgraded the stock and lowered their respective price targets.

Commodities

In commodity news, oil traded up 1.2% to $96.91 while gold traded down 1.5% at $5,046.80.

Silver traded down 5.9% to $80.11 on Friday, while copper fell 1.8% to $5.7680.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.6%, Germany's DAX gained 0.7% and France's CAC 40 rose 0.4% during the session.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 1.16%, Hong Kong's Hang Seng index falling 0.98%, China's Shanghai Composite slipping 0.82% and India's BSE Sensex dipping 1.93%.

Economics

Gross domestic product expanded at an annualized rate of 0.7% in the fourth quarter of 2025, according to the second estimate released Friday by the Bureau of Economic Analysis. The reading was significantly revised down from the initial 1.4% estimate and marked a sharp deceleration from the 4.4% growth pace recorded in the third quarter.

The Personal Consumption Expenditures (PCE) price index rose 2.8% year over year in January, down from 2.9% in December and below expectations for an unchanged reading.

U.S. durable goods orders came in flat month-over-month in January, compared to a revised 0.9% decline in December.

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