SYTA - Dow Falls Over 100 Points After PCE Data; Deckers Outdoor Shares Jump | Benzinga
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 100 points on Friday.
The Dow traded down 0.40% to 32,654.06 while the NASDAQ rose 0.72% to 12,692.72. The S&P 500 also rose, gaining, 0.04% to 4,138.74.
Check This Out: Amazon To Rally Around 55%? Here Are 10 Top Analyst Forecasts For Friday
Leading and Lagging Sectors
Consumer discretionary shares rose by 2.6% on Friday.
In trading on Friday, energy shares dipped by 2.4%.
Top Headline
Core PCE prices in the U.S. rose by 0.3% from the prior month in September. The annual rate, regarded as the Fed’s preferred measure of inflation, fell to 3.7% in September.
Equities Trading UP
NerdWallet, Inc. (NASDAQ: NRDS) shares shot up 36% to $9.04 following strong quarterly results.
Shares of Customers Bancorp, Inc. (NYSE: CUBI) got a boost, shooting 13% to $38.27 after the company posted stronger-than-expected quarterly results.
Deckers Outdoor Corporation (NYSE: DECK) shares were also up, gaining 19% to $574.34 after the company reported better-than-expected second-quarter sales results. The company also raised FY24 EPS and net ...