Dow Jumps Over 100 Points; ISM Manufacturing PMI Increases In December

Author: Avi Kapoor | January 03, 2025 10:07am

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Friday.

Following the market opening, the Dow traded up 0.31% to 42,524.52 while the NASDAQ gained 0.88% to 19,450.89. The S&P 500 also rose, gaining, 0.51% to 5,898.53.

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Leading and Lagging Sectors

Information technology shares rose by 1.1% on Friday.

In trading on Friday, financial shares fell by 0.2%.

Top Headline

The ISM manufacturing PMI increased by 0.9 points to a reading of 49.3 in December, topping market estimates of 48.4.

Equities Trading UP
                       

• Treasure Global Inc. (NASDAQ:TGL) shares shot up 234% to $0.6164.
• Shares of N2OFF, Inc. (NASDAQ:NITO)got a boost, surging 143% to $2.60 after the company announced it executed a binding LOI with Solterra Brand Services Italy to develop two 98MWP battery storage projects in Sicily.
• Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) shares were also up, gaining 90% to $0.7028 after the company announced a securities purchase agreement with investor David Lazar for the sale of Series C and Series D Convertible Preferred Stock for $3.1 million in gross proceeds.

Equities Trading DOWN

• HWH International Inc. (NASDAQ:HWH) shares dropped 38% to $0.40.
• Shares of T Stamp Inc. (NASDAQ:IDAI) were down 32% to $0.4701. The company announced it will implement a 1-for-15 reverse stock split.
• Carmell Corporation (NASDAQ:CTCX) was down, falling 30% to $0.4878. Carmell announced closing of previously announced PIPE investment from existing and new investors to support commercial build-out.

Commodities

In commodity news, oil traded up 0.4% to $73.42 while gold traded down 0.3% at $2,662.40.

Silver traded up 1.2% to $30.265 on Friday, while copper rose 0.7% to $4.0540.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.4%, Germany's DAX 40 fell 0.5% and France's CAC 40 dipped 1.3%. Spain's IBEX 35 Index fell 0.1%, while London's FTSE 100 fell 0.3%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with China's Shanghai Composite Index falling 1.57%, Hong Kong's Hang Seng Index gaining 0.70% and India's BSE Sensex falling 0.90%.

Economics

The ISM manufacturing PMI increased by 0.9 points to a reading of 49.3 in December, topping market estimates of 48.4.

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Posted In: CTCX CYCC HWH IDAI NITO TGL