Dow Rises Over 100 Points; US GDP Growth Slows In Q4

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 (ABTS) shares shot up 54% to $3.08.
• Shares of Mangoceuticals Inc (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 (AIOS) shares were also up, gaining 38% to $0.62.

Equities Trading DOWN

• Blue Hat Interactv Entrtnmnt Technlgy 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 (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 (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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