The stock market showed mixed results on Friday as Wall Street reacted to economic data with the Dow Jones Industrial Average losing 0.3% while the S&P 500 gained slightly. The Nasdaq composite also saw a slight increase after the opening bell. The 10-year Treasury yield dropped to 4.24% and oil prices were on the rise. Advanced Micro Devices (AMD) surged to record highs.
Economic data released on Friday included mixed results from the University of Michigan’s consumer sentiment and S&P Global’s manufacturing Purchasing Managers’ Index. Zscaler saw a drop in stock prices despite reporting positive earnings and revenue. Other key earnings movers included Autodesk (ADSK), Dell (DELL), Elastic (ESTC), Hewlett Packard Enterprise (HPE), NetApp (NTAP) and Veeva Systems (VEEV).
Stocks like Disney, Procter & Gamble, and Dow were among the top stocks to watch in the market today, along with other companies like Novo Nordisk, Merck, DraftKings, and Spotify. Nvidia and Tesla were among the Magnificent Seven stocks to keep an eye on. Apple and Microsoft showed mixed results in trading. Trend analysis and expert advice are available to help navigate the current stock market conditions.
