Following the market opening Friday, the Dow traded down 0.57 percent to 24,326.20 while the NASDAQ declined 0.08 percent to
6,966.99. The S&P also fell, dropping 0.50 percent to 2,636.59.
Leading and Lagging Sectors
Friday morning, the consumer staples shares climbed 0.3 percent. Meanwhile, top gainers in the sector included New Age
Beverages Corp (NASDAQ: NBEV) up 9 percent, and
Neptune Wellness Solutions Inc (NASDAQ: NEPT) up 4 percent.
In trading on Friday, energy shares fell 3.1 percent.
Top Headline
The Markit services PMI slipped to 54.40 in November, versus prior reading of 54.80. However, economists expected a reading of
55.00. The manufacturing PMI slipped to 55.40 for November, versus previous reading of 55.70. Economists projected a reading of
55.80.
Equities Trading UP
Orchids Paper Products Company (NYSE: TIS)
shares got a boost, shooting up 153 percent to $1.72 after the company announced a 'significant' new customer and $5.9 million
increase in its credit line.
Shares of Sphere 3D Corp. (NASDAQ: ANY)
shot up 22 percent to $5.1098 on very heavy volume despite a lack of fundamental news. The stock is seeing continued volatility and
interest following a nearly 200% move higher over Tuesday's session.
TSR, Inc. (NASDAQ: TSRI) shares were
also up, gaining 22 percent to $6.20 after the company disclosed that it has received an offer from QAR Industries at $6.25 per
share.
Equities Trading DOWN
Ability Inc. (NASDAQ: ABIL) shares
dropped 46 percent to $2.98. Ability priced 3.076 million shares at $3.25 per unit.
Shares of Qudian Inc. (NYSE: QD) were down
12 percent to $5.19 after surging 36.83 percent on Wednesday.
Diana Containerships Inc. (NASDAQ: DCIX) was down, falling around 15 percent to $1.1271 following Q3 earnings. Diana
Containerships posted a Q3 loss of $0.61 per share on sales of $5.229 million.
Commodities
In commodity news, oil traded down 5.62 percent to $51.56 while gold traded down 0.45 percent to $1,222.50.
Silver traded down 1.78 percent Friday to $14.365, while copper fell 1.09 percent to $2.7775.
Eurozone
European shares were mostly higher today. The eurozone’s STOXX 600 climbed 0.15 percent, the Spanish Ibex Index gained 0.05
percent, while Italy’s FTSE MIB Index jumped 0.51 percent. Meanwhile the German DAX climbed 0.16 percent, and the French CAC 40
rose 0.08 percent while U.K. shares fell 0.28 percent.
Economics
The Markit services PMI slipped to 54.40 in November, versus prior reading of 54.80. However, economists expected a reading of
55.00. The manufacturing PMI slipped to 55.40 for November, versus previous reading of 55.70. Economists projected a reading of
55.80.
Data on money supply for the latest week will be released at 4:30 p.m. ET.
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