U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 1.5% on Friday.
Following the market opening Friday, the Dow traded up 0.31% to 40,939.35 while the NASDAQ climbed 1.50% to 17,562.15. The S&P 500 also rose, gaining, 0.95% to 5,573.84.
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Leading and Lagging Sectors
Information technology shares gained by 1.9% on Friday.
In trading on Friday, consumer staples shares dipped by 0.5%.
Top Headline
Ulta Beauty, Inc. (NASDAQ:ULTA) reported stronger-than-expected fourth-quarter financial results on Thursday.
Ulta Beauty said it expects fiscal year 2025 revenue of $11.5 billion to $11.6 billion versus estimates of $11.67 billion, according to Benzinga Pro. The company anticipates full-year earnings of $22.50 to $22.90 per share versus estimates of $23.50 per share.
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Commodities
In commodity news, oil traded up 0.9% to $67.16 while gold traded up 0.6% at $3,009.80.
Silver traded up 1.4% to $34.785 on Friday, while copper rose 0.2% to $4.9350.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.9%, Germany's DAX 40 jumped 2% and France's CAC 40 gained 1.3%. Spain's IBEX 35 Index rose 1.2%, while London's FTSE 100 rose 0.8%.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei gaining 0.72%, China's Shanghai Composite Index gaining 1.81% and Hong Kong's Hang Seng Index surging 2.12%.
Economics
The University of Michigan consumer sentiment will be released today.
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