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

Following the market opening Friday, the Dow traded up 0.27% to 42,290.97 while the NASDAQ rose 0.16% to 18,218.51. The S&P 500 also rose, gaining, 0.17% to 5,755.11.

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Leading and Lagging Sectors

Energy shares jumped by 0.8% on Friday.

In trading on Friday, consumer staples shares fell by 0.2%.

Top Headline

Costco Wholesale Corp COST reported upbeat earnings for its fourth quarter, while sales missed expectations.

The company reported quarterly revenue of $79.697 billion, missing the consensus estimate of $79.973 billion. The membership-based retailer reported quarterly earnings of $5.29 per share, beating analyst estimates of $5.08 per share, according to Benzinga Pro.

Equities Trading UP
                       

• CN Energy Group. Inc. CNEY shares shot up 109% to $1.21.
• Shares of Onconetix, Inc. ONCO got a boost, surging 78% to $6.03. Altos Venture reported a 32.5% stake in the company as of September 24 in a 13D filing on Thursday.
• Fangdd Network Group Ltd. DUO shares were also up, gaining 38% to $1.47.

Equities Trading DOWN

• Seelos Therapeutics, Inc SEEL shares dropped 23% to $3.8725. Seelos announced postponement of its annual meeting of stockholders.
• Shares of enVVeno Medical Corporation NVNO were down 22% to $3.50 after the company announced the pricing of a $15 million public offering of 4.3 million shares at $3.50 per share.
• Acadia Healthcare Company, Inc. ACHC was down, falling 17% to $62.78 after the company issued a statement stating they are cooperating fully with the authorities regarding a government investigation.

Commodities

In commodity news, oil traded up 0.1% to $67.71 while gold traded down 0.1% at $2,694.70.

Silver traded up 0.4% to $32.480 on Friday, while copper fell 0.5% to $4.6170.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 0.5%, Germany’s DAX climbed 1.2% and France’s CAC 40 jumped 0.6%. Spain’s IBEX 35 Index rose 0.3%, while London’s FTSE 100 rose 0.3%.

The industry confidence indicator in Spain climbed by 2.8 points from the prior month to a reading of -0.7 in September. Industrial producer prices in Italy declined by 0.8% year-over-year in August.

The economic sentiment indicator in the Eurozone slipped to 96.2 in September from 96.5 in August, while services sentiment indicator climbed to a four-month high level of 6.7 in September. The consumer confidence indicator in the Eurozone gained by 0.5 points to -12.9 in September.

Asia Pacific Markets

Asian markets closed mostly higher on Friday, with Japan’s Nikkei 225 jumping 2.32%, Hong Kong’s Hang Seng Index jumping 3.55%, China’s Shanghai Composite Index gaining 2.88% and India’s BSE Sensex falling 0.31%.

Hong Kong’s trade deficit widened to $33.1 billion in August versus $25.6 billion in the year-ago month. The People’s Bank of China slashed the reserve requirement ratio for banks by 50bps.

Economics

• U.S. wholesale inventories increased 0.2% month-over-month to $905.7 billion in August compared to a revised 0.2% rise in the prior month.
• The U.S. trade deficit in goods narrowed to $94.3 billion in August versus a revised $102.8 billion gap in the previous month.
• U.S. personal income rose by 0.2% from the prior month to $24.015 trillion in August compared to a 0.3% gain in the previous month.
• Personal spending rose by 0.2% month-over-month in August.
• The U.S. core PCE price index increased by 0.1% from the prior month in August compared to market estimates of a 0.2% increase and versus the 0.2% gain in the previous month.

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