U.S. stocks traded mixed this morning, following the release of PCE price inflation data.
Following Friday's market opening, the $Dow Jones Industrial Average (.DJI.US)$ traded up 0.12% to 38,096.06 while the $Nasdaq Composite Index (.IXIC.US)$ fell 0.19% to 15,481.44. The $S&P 500 Index (.SPX.US)$ also fell, dropping 0.05% to 4,891.94.
Leading and Lagging Sectors
Health care shares rose by 0.5% on Friday.
In trading on Friday, information technology shares fell by 0.8%.
Top Headline
The headline PCE annual inflation rate held at 2.6% in December, matching both the previous and expected rate of 2.6%. On a monthly basis, the PCE price index rebounded with a 0.2% increase, recovering from a 0.1% decline in November and matching the predicted 0.2% rise.
Equities Trading
$Inspire Veterinary Partners (IVP.US)$ shares shot up 110% to $0.4067 after jumping over 22% on Thursday.
Shares of $Corbus Pharmaceuticals (CRBP.US)$ got a boost, surging 112% to $17.92 after the company announced data from the first-in-human clinical study of CRB-701 is being presented as a poster by its development partner CSPC Pharmaceutical at ASCO GU 2024.
$Aclarion (ACON.US)$ shares were also up, gaining 63% to $3.03.
$Yoshitsu (TKLF.US)$ shares dropped 60% to $0.3102 after the company announced pricing of $4.0 million registered direct offering and private placement.
Shares of $Richtech Robotics (RR.US)$were down 52% to $4.7050 after gaining 32% on Thursday. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.
$Onconetix (ONCO.US)$ was down, falling 29% to $0.2399 after surging around 130% on Thursday.
Commodities
In commodity news, oil traded down 0.4% to $77.05 while gold traded up 0.2% at $2,020.80.
Silver traded up 0.1% to $22.93 on Friday while copper rose 0.1% to $3.8725.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 1.34%, Hong Kong's Hang Seng Index declining 1.60% and China's Shanghai Composite Index gaining 0.14%.
The index of leading economic indicators in Japan was revised lower to 107.6 in November versus the preliminary reading of 107.7, while index of coincident economic indicators rose to 114.6 in November from a flash reading of 114.5.
Economics
The headline PCE annual inflation rate held at 2.6% in December, matching both the previous and expected rate of 2.6%. On a monthly basis, the PCE price index rebounded with a 0.2% increase, recovering from a 0.1% decline in November and matching the predicted 0.2% rise.
U.S. personal spending rose by 0.7% from a month ago in December, while personal income rose by 0.3%.