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Mid-Morning market update: Markets mixed; Nike sales miss views

Benzinga Real-time News ·  Sep 24, 2021 10:42  · Markets

Following the market opening Friday, the Dow traded up 0.15% to 34,817.63 while the NASDAQ fell 0.36% to 14,998.13. The S&P also rose, gaining 0.08% to 4,452.44.

Leading and Lagging Sectors

Energy shares jumped 0.9% on Friday. Meanwhile, top gainers in the sector included $Camber Energy, Inc.(CEI.US)$, up 9% and $Goodrich Petroleum Corp(GDP.US)$ up 8%.

In trading on Friday, real estate shares fell 0.6%.

Top Headline

On Thursday, $Nike(NKE.US)$ reported better-than-expected earnings for its first quarter, while sales missed expectations. The company also lowered its sales forecast for the full year.

Equities Trading UP

$ZIVO BIOSCIENCE(ZIVO.US)$ shares shot up 91% to $6.60.

Shares of $Unique Fabricating Inc(UFAB.US)$ got a boost, shooting 55% to $3.91. Form 4 filings from late Thursday showed stock purchases from multiple company's Directors.

$Meredith Corp(MDP.US)$ shares were also up, gaining 27% to $56.81 following reports suggesting IAC/InterActiveCorp is in advanced talks to acquire the company in a deal valued at over $2.5 billion.

Equities Trading DOWN

$SECUREWORKS CORP(SCWX.US)$ shares tumbled 21% to $21.11.

Shares of $HELBIZ INC(HLBZ.US)$ were down 20% to $18.50. Helbiz announced its official arrival in California.

$Onconova Therapeutics Inc(ONTX.US)$ was down, falling 18% to $4.1950. Onconova Therapeutics priced an underwritten public offering of 5 million shares at $4.20 for gross proceeds of $21 million.

Commodities

In commodity news, oil traded up 0.2% to $73.43, while gold traded up 0.3% to $1,755.30.

Silver traded up 0.1% Friday to $22.68 while copper fell 0.1% to $4.2305.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 dropped 0.6%, the Spanish Ibex Index slipped 0.1% and the German DAX 30 dropped 0.6%. Meanwhile, the London's FTSE 100 fell 0.2%, French CAC 40 fell 0.7% and Italy’s FTSE MIB declined 0.2%.

The United Kingdom’s GfK consumer confidence index fell to -13 for the month of September from -8 a month ago. Manufacturing confidence in Italy dropped to 113 in September from a revised level of 113.2 in August, while consumer confidence climbed to 119.6 from 116.2. The Ifo business climate indicator for Germany fell to 98.8 in September versus a revised reading of 99.6 in August.

Economics

New home sales surged 1.5% to an annual rate of 740,000 in August.

Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 12:00 p.m. ET.

The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.

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