Oil Falls 4%
Crude oil prices fall 4% to $69.05, while US consumer sentiment rises to 49.5 in June
U.S. stocks traded slightly higher midway through trading, with the Dow Jones index gaining around 0.1% on Friday.
The Dow traded up 0.06% to 51,948.08 while the NASDAQ rose 0.01% to 25,359.30.
The S&P 500 also rose, gaining, 0.14% to 7,367.95.
Leading and Lagging Sectors Health care shares jumped by 2.8% on Friday.
In trading on Friday, industrials stocks fell by 0.9%.
Top Headline The University of Michigan consumer sentiment index rose to 49.5 in June from a preliminary level of 48.9, but remained below market estimates of 50.
Equities Trading UP FuelCell Energy Inc (NASDAQ: FCEL ) shares shot up 21% to $23.78.
Jefferies analyst Dushyant Ailani upgraded FuelCell Energy from Hold to Buy and raised the price target from $16 to $24.
Shares of ACADIA Pharmaceuticals Inc (NASDAQ: ACAD ) got a boost, surging 12% to $26.59 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency recommended the granting of a market authorization for DAYBU.
Apogee Enterprises Inc ( NASDAQ: APOG ) shares were also up, gaining 15% to $48.68 after the company reported better-than-expected first-quarter financial results.
Equities Trading DOWN ON Semiconductor Corp ( NASDAQ: ON ) shares dropped 20% to $95.45 after the company announced it will acquire Synaptics.
Shares of BTC Digital Ltd ( NASDAQ: BTCT ) were down 31% to $0.79 after the company announced a $7 million offering of ordinary shares and pre-funded and investor warrants at a price of $1.14 per common unit.
Omeros Corp (NASDAQ: OMER ) was down, falling 19% to $8.68 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion on the marketing authorization application for narsoplimab in TA-TMA.
Commodities In commodity news, oil traded down 4% to $69.05 while gold traded up 1.2% at $4,096.00.
Silver traded up 1.4% to $59.16 on Friday, while copper rose 2.1% to $6.2025.
Euro zone European shares were lower today.
The eurozone’s STOXX 600 dipped 0.9%, while Spain’s IBEX 35 Index fell 0.6%.
London’s FTSE 100 fell 0.6%, Germany’s DAX declined 1.3%, while France’s CAC 40 tumbled 0.8%.
Asia Pacific Markets Asian markets closed lower on Friday, with Japan’s Nikkei 225 dipping 4.15%, Hong Kong’s Hang Seng Index falling 1.76% and China’s Shanghai Composite dropping 2.26%.
Economics The goods trade deficit in the U.S. rose to $105.8 billion in May from $83 billion in the prior month, recording the widest gap in over one year, and compared to market estimates of an $85 billion gap.
U.S. wholesale inventories rose by 0.3% month-over-month to $943.9 billion in May, compared to a 0.7% rise in the previous month and above market estimates of a 0.2% gain.
The University of Michigan consumer sentiment index rose to 49.5 in June from a preliminary level of 48.9, but remained below market estimates of 50.
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