U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.24% to 49,516.12 while the NASDAQ rose 0.50% to 22,796.42. The S&P 500 also rose, gaining, 0.32% to 6,884.13.

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Leading and Lagging Sectors

Communication services shares gained by 1.7% on Friday.

In trading on Friday, energy stocks fell by 0.4%.

Top Headline

The U.S. economy grew by an annualized rate of 1.4% in the fourth quarter, the least since the first quarter of 2025, and compared to a 4.4% growth in the third quarter and down from market estimates of 3%.

Equities Trading UP
           

• Abits Group Inc (NASDAQ:ABTS) shares shot up 54% to $3.08.
• Shares of Mangoceuticals Inc (NASDAQ:MGRX) got a boost, surging 52% to $0.54 after the company announced initial success for its newly launched all-inclusive injectable Testosterone Replacement Therapy treatment program.
• AIOS Tech Inc (NASDAQ:AIOS) shares were also up, gaining 38% to $0.62.

Equities Trading DOWN

• Blue Hat Interactv Entrtnmnt Technlgy (NASDAQ:BHAT) shares dropped 73% to $0.12 after the company announced the pricing of its public offering of 32 million units at $0.20.
• Shares of Twin Vee Powercats Co (NASDAQ:VEEE) were down 53% to $0.44 after the company announced the pricing of its public offering of 32 million units at $0.20.
• Grail Inc (NASDAQ:GRAL) was down, falling 48% to $52.80 after the company reported worse-than-expected Q4 sales results. Topline results for HS-Galleri Trial did not meet its primary endpoint of statistically significant Stage III-IV reduction.

Commodities

In commodity news, oil traded down 0.1% to $66.42 while gold traded up 1% at $5,045.10.

Silver traded up 4.4% to $81.080 on Friday, while copper rose 0.8% to $5.7850.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.7%, while Spain's IBEX 35 Index rose 0.6%. London's FTSE 100 rose 0.7%, Germany's DAX gained 0.6% and France's CAC 40 jumped 1.2% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei falling 1.12%, Hong Kong's Hang Seng index falling 1.10% and India's BSE Sensex gaining 0.38%.

Economics

• The University of Michigan Consumer Sentiment Index was revised lower to 56.6 in February from a preliminary reading of 57.3, and versus January's reading of 56.4.
• The S&P Global services PMI declined to 52.3 in February from 52.7 in the previous month.
• The S&P Global manufacturing PMI dropped to 51.2 in February from 52.4 in the previous month, and missing market estimates of 52.6.
• The U.S. PCE price index increased 0.4% month-over-month in December compared to a 0.2% gain in November, and versus market expectations of 0.3%.
• U.S. personal spending rose 0.4% month-over-month in December, in-line with November's pace, while personal income increased by 0.3% month-over-month to $26.512 trillion in December.
• The U.S. economy grew by an annualized rate of 1.4% in the fourth quarter, the least since the first quarter of 2025, and compared to a 4.4% growth in the third quarter and down from market estimates of 3%.

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