financetom
World
financetom
/
World
/
Nasdaq Surges Above 20,000; Crude Oil Moves Lower
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Now Read This:

Top 3 Defensive Stocks That May Collapse In Q1

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pembina Pipeline
Pembina Pipeline "Outperform" Rating, $58 Target Price Maintained by RBC Capital Markets
May 17, 2024
08:43 AM EDT, 05/17/2024 (MT Newswires) -- Pembina Pipeline ( PBA ) maintained its outperform rating and $58 target price following its investor day, RBC Capital Markets said Thursday. The event supported its positive thesis for the shares, which fell 0.3% yesterday to $50.53, RBC said, citing Pembina's ability to leverage its footprint to capture growth in the Western Canadian...
CANADA STOCKS-TSX opens higher on commodities boost
CANADA STOCKS-TSX opens higher on commodities boost
May 17, 2024
May 17 (Reuters) - Canada's main stock index opened higher on Friday, hovering near record-high levels after a surge in commodity prices lifted the energy and materials sectors. At 9:32 a.m. ET (13:32 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 51.39 points, or 0.23%, at 22,351.22. ...
CANADA STOCKS-TSX rises on commodities strength
CANADA STOCKS-TSX rises on commodities strength
May 17, 2024
(Updated at 1017 ET (1417 GMT) * Tilray Brands drops to the bottom of TSX * Materials index leads intraday, weekly gains * TSX up 0.3% By Khushi Singh May 17 (Reuters) - Canada's main stock index edged higher on Friday, hovering near record highs, buoyed by surging commodity prices that lifted the energy and materials sectors. At 1017 ET...
European Equities Traded in the US as American Depositary Receipts Trend Modestly Higher in Friday Trading
European Equities Traded in the US as American Depositary Receipts Trend Modestly Higher in Friday Trading
May 17, 2024
11:06 AM EDT, 05/17/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending modestly higher late Friday morning, rising 0.29% to 1,426.43 on the S&P Europe Select ADR Index. The index is set to close out a subdued week up approximately 0.7%. From continental Europe, the gainers were led by semiconductor company Sequans Communications...
Copyright 2023-2026 - www.financetom.com All Rights Reserved