US stocks traded higher this morning with the Dow Jones up more than 300 points on Friday.
After Friday’s market open, the Dow was up 1.01% to 32,096.33, while the NASDAQ was up 1.65% to 12,057.71. The S&P 500 was also up 1.21% to 4,054.75.
Also Check This: Market volatility continues to fall as US stocks settle higher on Thursday
Leading and lagging sectors
Communication services shares rose 1.8% on Thursday. Meanwhile top winner in the sector included Playtika Holding Corp. PLTKup to 9% and Vinco Ventures, Inc. BBIG increased by 8%.
In Thursday trading, utility shares were up just 0.5%.
top heading
US wholesale inventories rose 0.6% mom to $900.7 billion in July from an initial estimate of 0.8%.
Stock trading UP
MOGU Inc. MOGU Shares rose 34% to $2.70 after the company announced a $10 million buyback program.
shares of Zscaler, Inc. ZS got a boost, rising 18% to $182.21 after the company reported better-than-expected Q4 results and issued better-than-expected sales guidance.
Zai Lab Limited ZLAB Shares were also higher, gaining 17% to $50.50.
Stocks are trading down
Immunocore Holdings plc IMCR Shares fell 13% to $50.25 after the company presented its Phase 1 data for PRAME-targeted TCR therapy.
shares of Intellinetics, Inc. INLX declined 15% to $6.76.
Intellinetics has been listed on the NYSE.
TPI Composites, Inc. TPIC fell 12% to $16.54.
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raw materials
On commodities news, oil was up 3.2% to $86.23, while gold was up 0.3% to $1,724.70.
Silver was up 0.9% on Friday at $18.615, while copper was up 0.8% at $3.5540.
euro zone
European stocks were higher today. The eurozone’s STOXX 600 rose 1.7%, London’s FTSE 100 rose 1.5%, while Spain’s IBEX 35 index rose 1.7%. Germany’s DAX rose 1.5%, France’s CAC 40 rose 1.6% and Italy’s FTSE MIB index rose 1.8%.
Industrial production in…
