US stocks traded lower towards the end of the session, with the Dow Jones losing more than 300 points on Friday.
The Dow fell 1.23% to 28,865.85 while the NASDAQ fell 0.92% to 10,638.61. The S&P 500 also fell 0.97% to 3,605.32.
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Leading and Lagging Sectors
Real estate stocks rose 1.5% on Friday.
In Friday’s trading, utility stocks fell 1.3%.
Personal income in the United States rose 0.3% from a month ago in August, while personal spending rose 0.4%. The personal consumption expenditure price index rose 0.3% month over month in August, following a 0.1% decline in July.
Stock exchange rising
- F45 Training Holdings Inc. FXLV Shares jumped 43% to $3.1250 after a 13D filing showed the company received a non-binding proposal offer from one or more funds for $4 a share.
- Shares of SOBR Safe, Inc. SOBR got a boost, rising 38% to $2.6550 after the company announced it had signed three reseller agreements with national distributors.
- Ainos, Inc. AIMD shares also rose, gaining 36% to $1.8799 after the company announced the results of the additional preclinical study of its low-dose oral interferon formulation against Omicron. The company reported that the VELDONA formulation showed significant stabilization of physical condition and complete recovery from lung inflammation throughout the treatment period.
Stock trading down
- American Virtual Cloud Technologies, Inc. stroke shares fell 37% to $0.1879 after the company announced plans to conduct a reverse stock split.
- Shares of Antelope Enterprise Holdings Limited AEHL fell 30% to $0.63 after the company announced the price of a $1 million recorded direct offer.
- carnival society CCA was lower, falling 22% to $7.11 after the company reported worse-than-expected third-quarter EPS and sales results.
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In commodities news, oil traded down 2.1% at $79.49, while gold traded up 0.1% at $1,669.30.
Silver traded down 1.6% to $19.010 on Friday while copper fell 0.6% to $3.3985.
European stocks closed higher today. The Eurozone STOXX 600 gained 1.3%, London’s FTSE 100 rose 0.18% while Spain’s IBEX 35 index rose 0.91%. The German DAX gained 1.16%, the French CAC 40 climbed 1.51% and the Italian FTSE MIB index gained 1.45%.
Germany’s jobless rate remained unchanged at 5.5% in September, while Italy’s jobless rate fell to 7.8% in August from 7.9% the previous month. Retail trade in Spain remained stable in August compared to an annual decline of 0.5% the previous month. The annual inflation rate in France fell to 5.6% in September from 5.9% a month ago.
The UK National House Price Index rose 9.5% year-on-year in September, while UK GDP rose 4.4% year-on-year in the second quarter. The current account deficit in the UK narrowed to £33.8bn in the second quarter, from a revised record of £43.9bn in the previous period.
- Personal income in the United States rose 0.3% from a month ago in August, while personal spending rose 0.4%. The personal consumption expenditure price index rose 0.3% month over month in August, following a 0.1% decline in July.
- The Chicago PMI fell to 45.7 in September from 52.2 the previous month.
- The University of Michigan consumer sentiment index was revised down to 58.6 in September from a preliminary estimate of 59.5.
- The total number of active U.S. oil rigs increased by 2 to 604 rigs this week, Baker Hughes Inc. reported.
- Federal Reserve Bank of New York President John Williams will speak at 4:15 p.m. ET.
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The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,166,900 cases with around 1,084,280 deaths. India has confirmed a total of at least 44,587,300 cases and 528,620 deaths, while France has reported over 35,342,950 COVID-19 cases with 155,070 deaths. In total, there have been at least 622,557,150 cases of COVID-19 worldwide with more than 6,547,770 deaths.