SMFL - US Stocks Mostly Higher; Headline PCE Inflation Matches Estimates | Benzinga
U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining around 75 points on Friday.
Following the market opening Friday, the Dow traded up 0.20% to 38,187.97 while the NASDAQ rose 0.05% to 16,745.67. The S&P 500 also rose, gaining, 0.19% to 5,245.55.
Check This Out: Cirrus Logic, Texas Roadhouse And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Energy shares rose by 0.9% on Friday.
In trading on Friday, consumer staples shares fell by 0.1%.
Top Headline
The Federal Reserve's preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate cuts.
The headline PCE inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations, according to Econoday data.
Equities Trading UP
- Novo Integrated Sciences, Inc. (NASDAQ:NVOS) shares shot up 137% to $1.07 after the company approved a $5 million stock repurchase. The company’s board is conducting a review to determine whether it is appropriate to increase the amount under the repurchase program.
- Shares of XChange Tec Inc (NASDAQ:XHG) got a boost, surging 45% to $0.9901 after dipping 15% on Thursday.
- Innovative Eyewear, Inc. ...