U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 600 points on Friday.
The Dow traded up 1.53% to 41,436.27 while the NASDAQ climbed 2.36% to 17,712.11. The S&P 500 also rose, gaining, 1.91% to 5,627.14.
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Leading and Lagging Sectors
Information technology shares jumped by 1.9% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
The University of Michigan consumer sentiment dipped to 57.9 in March, recording the lowest reading since November 2022, compared to 64.7 in the previous month and down from market estimates of 63.1.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 0.6% to $66.95 while gold traded up 0.4% at $3,002.70.
Silver traded up 0.7% to $34.535 on Friday, while copper fell 0.6% to $4.8980.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.93%, Germany's DAX 40 jumped 1.79% and France's CAC 40 gained 1.17%. Spain's IBEX 35 Index rose 1.32%, while London's FTSE 100 rose 0.80%.
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 dipped to 57.9 in March, recording the lowest reading since November 2022, compared to 64.7 in the previous month and down from market estimates of 63.1.
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