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US Stocks Open Lower, Nasdaq Down Over 1%
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US Stocks Open Lower, Nasdaq Down Over 1%
Dec 27, 2024 7:26 AM

U.S. stocks traded lower this morning, with the Nasdaq Composite dipping over 1% on Friday.

The Dow traded down 0.37% to 43,165.19 while the NASDAQ fell 1.37% to 19,745.08. The S&P 500 also fell, dropping, 0.80% to 5,989.46.

Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks With Over 7% Dividend Yields

Leading and Lagging Sectors

Energy shares rose by 0.9% on Friday.

In trading on Friday, information technology shares dipped by 1.3%.

Top Headline

The U.S. trade deficit in goods increased to $102.86 billion in November, from a revised gap of $98.3 billion in the previous month and versus market estimates of a $100.7 billion deficit.

Equities Trading UP

                       

iLearningEngines, Inc. ( AILE ) shares shot up 255% to $0.5725. iLearningEngines recently announced it voluntarily filed for Chapter 11 Bankruptcy.

Shares of Intrusion Inc. ( INTZ ) got a boost, surging 253% to $1.5904.

Ambow Education Holding Ltd. ( AMBO ) shares were also up, gaining 72% to $3.8532.

Equities Trading DOWN

Millennium Group International Holdings Limited ( MGIH ) shares dropped 29% to $2.1179.

Shares of reAlpha Tech Corp. ( AIRE ) were down 22% to $2.78.

Gaxos.ai Inc. ( GXAI ) was down, falling 23% to $2.7600. Gaxos.ai ( GXAI ) announced $4 million registered direct offering priced at-the-market under Nasdaq rules.

Commodities

In commodity news, oil traded up 1.3% to $70.49 while gold traded down 0.9% at $2,630.90.

Silver traded down 1% to $30.100 on Friday, while copper rose 0.1% to $4.1305.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.4%, Germany's DAX gained 0.5% and France's CAC 40 rose 0.7%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 rose 0.1%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 1.80%, China's Shanghai Composite Index gaining 0.06%, Hong Kong's Hang Seng Index falling 0.04% and India's BSE Sensex gaining 0.29%.

Economics

U.S. wholesale inventories declined by 0.2% month-over-month to $902 billion in November compared to a revised 0.1% gain in the previous month and versus market estimates of a 0.2% increase.

The U.S. trade deficit in goods increased to $102.86 billion in November, from a revised gap of $98.3 billion in the previous month and versus market estimates of a $100.7 billion deficit.

Now Read This:

Top 3 Tech And Telecom Stocks That May Rocket Higher In Q4

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