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US Stocks Edge Higher On Last Trading Day Of 2023; Chicago PMI Falls In December

Published 29/12/2023, 14:58
© Reuters.  US Stocks Edge Higher On Last Trading Day Of 2023; Chicago PMI Falls In December
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 10 points on Friday.

Following the market opening Friday, the Dow traded up 0.03% to 37,723.19 while the NASDAQ rose 0.02% to 15,098.01. The S&P 500 also rose, gaining, 0.05% to 4,785.65.

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Leading and Lagging Sectors

Information technology shares rose by 0.2% on Friday.

In trading on Friday, real estate shares fell by 0.5%.

Top Headline

The Chicago PMI fell to 46.9 in December from 55.8 in the previous month, and compared to market estimates of 51.

Equities Trading UP

China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC) shares shot up 158% to $5.34.

Shares of China Green Agriculture, Inc. (NYSE: CGA) got a boost, surging 70% to $3.23. On Dec. 27, China Green Agriculture entered into a stock purchase agreement with Zhibiao Pan for the acquisition of all outstanding stock of Lonestar Dream for a total consideration of $49 million.

Aditxt, Inc. (NASDAQ: ADTX) shares were also up, gaining 58% to $7.62. Aditxt recently entered into definitive agreement to acquire Evofem Biosciences, Inc.

Equities Trading DOWN

Global Mofy Metaverse Limited (NASDAQ: GMM) shares dropped 36% to $7.10.

Global Mofy Metaverse announced a $10 million follow-on offering.

Shares of Ucommune International Ltd (NASDAQ: UK) were down 26% to $3.8446 after jumping over 71% on Thursday. Ucommune recently regained compliance with Nasdaq minimum bid price requirement.

Cingulate Inc. (NASDAQ: CING) was down, falling 21% to $7.73. Cingulate shares jumped 146% on Thursday after the company announced it received guidance from the FDA regarding its clinical program for CTx-1301.

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Commodities

In commodity news, oil traded up 1% to $72.47 while gold traded down 0.7% at $2,069.30.

Silver traded down 2.1% to $23.85 on Friday while copper fell 0.8% to $3.8945.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.2%, London’s FTSE 100 rose 0.1% while Spain’s IBEX 35 Index rose 0.5% The German DAX rose 0.3% French CAC 40 rose 0.3% while Italy’s FTSE MIB Index rose 0.4%.

Spain posted a current account surplus of EUR 3,770 million in October versus a year-ago surplus of EUR 1,228 million. Spain's consumer price inflation eased to 3.1% year-over-year in December from 3.2% in the prior month. The Nationwide House Price Index in the U.K. fell by 1.8% year-over-year in December.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan’s Nikkei 225 falling 0.22%, Hong Kong’s Hang Seng Index rising 0.02% and China’s Shanghai Composite Index gaining 0.68%. India’s S&P BSE Sensex, meanwhile, fell 0.23%.

China reported a current account surplus of $62.8 billion in the third quarter, compared to the preliminary estimate of $62.6 billion.

Economics

The Chicago PMI fell to 46.9 in December from 55.8 in the previous month, and compared to market estimates of 51.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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