U.S. stocks traded mixed toward the trading, with the Dow Jones index falling around 0.2% on Friday.

The Dow traded down 0.24% to 38,554.69 while the NASDAQ rose 0.07% to 17,680.01. The S&P 500 also fell, dropping, 0.10% to 5,428.33.                                                                                             .

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Leading and Lagging Sectors

Communication services shares jumped by 0.5% on Friday.

In trading on Friday, industrials shares fell by 1.2%.

Top Headline

The total number of active U.S. oil rigs declined by four to 488 rigs this week, Baker Hughes Inc reported.

Equities Trading UP

Disc Medicine, Inc. shares shot up 19% to $46.63. The company announced the presentation of data at the European Hematology Association 2024 Congress and announced an underwritten offering.

Shares of SRIVARU Holding Limited got a boost, surging 51% to $0.2305 after the company announced it will begin accepting paid reservations and bookings for its flagship product, the PRANA 2.0, on June 16th.

FOXO Technologies Inc. shares were also up, gaining 17% to $0.2794 after the company announced it entered into share exchange agreements with Rennova Health.

Equities Trading DOWN

QXO, Inc. shares dropped 32% to $140.57 after announcing a $3.5 billion private placement.

Shares of RH were down 18% to $227.14 after the company reported mixed first-quarter financial results.

Gain Therapeutics, Inc. was down, falling 33% to $1.27 after the company announced the pricing of a $11 million public offering of 7,116,547 shares at $1.35 per share and pre-funded warrants.

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Commodities

In commodity news, oil traded up 0.1% to $78.64 while gold traded up 1.3% at $2,349.00.

Silver traded up 1.9% to $29.605 on Friday, while copper rose 0.5% to $4.5015.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.97%, Germany's DAX dipped 1.44% and France's CAC 40 tumbled 2.66%. Spain's IBEX 35 Index fell 0.67%, while London's FTSE 100 slipped 0.21%.

The Eurozone recorded a trade surplus of EUR 15 billion in April versus a year-ago gap of EUR 11.1 billion. The annual inflation rate in France accelerated to 2.3% in May from 2.2% in April.

Asia Pacific Markets

Asian markets closed mostly higher on Friday, with Japan's Nikkei gaining 0.24%, Hong Kong's Hang Seng Index declining 0.94%, China's Shanghai Composite Index gaining 0.12% and India's S&P BSE Sensex gaining 0.24%.

Indian merchandise trade deficit widened to a seven-month of $23.8 billion in May, while wholesale prices increased by 2.61% year-over-year in May. Manufacturing production in Hong Kong increased 1.8% year-over-year in the first quarter versus a 4.1% rise in the prior period. Chinese vehicle sales gained by 1.5% year-over-year to 2.42 million in May.

Industrial production in Japan fell 0.9% month-over-month in April. The Bank of Japan held its key short-term interest rate at about 0% to 0.1% at its recent meeting.

Economics

Import prices in the U.S. declined by 0.4% month-over-month in May.

U.S. export prices declined by 0.6% month-over-month in May compared to a revised 0.6% gain in the prior month.

The University of Michigan consumer sentiment declined for a third consecutive month to a reading of 65.6 in June, notching the lowest level since November, compared to 69.1 in May and down from market estimates of 72.

The total number of active U.S. oil rigs declined by four to 488 rigs this week, Baker Hughes Inc reported.

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