U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Friday.

The Dow traded down 1.40% to 48,807.06 while the NASDAQ dipped 1.09% to 22,628.28. The S&P 500 also fell, dropping, 0.74% to 6,858.05.

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Leading and Lagging Sectors

Consumer staples shares gained by 1.3% on Friday.

In trading on Friday, financial stocks fell by 2.6%.

Top Headline

Dell Technologies Inc. (NYSE:DELL) shares jumped over 21% on Friday after the company reported better-than-expected fourth-quarter financial results and issued FY27 guidance above estimates.

Dell reported quarterly earnings of $3.89 per share, which beat the consensus estimate of $3.53. Quarterly revenue clocked in at $33.38 billion, which beat the Street estimate of $31.73 billion and was up from $23.93 billion in the same period last year.

Equities Trading UP
           

• Arlo Technologies Inc (NYSE:ARLO) shares shot up 32% to $16.28 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
• Shares of Neurogene Inc (NASDAQ:NGNE) got a boost, surging 28% to $25.10 following the announcement that the FDA has granted Breakthrough Therapy designation for NGN-401, an investigational gene therapy for Rett syndrome, a rare neurological disorder caused by genetic mutations that disrupt brain development, primarily affecting girls.
• Applied Optoelectronics Inc (NASDAQ:AAOI) shares were also up, gaining 48% to $79.36 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Equities Trading DOWN

• Fulgent Genetics Inc (NASDAQ:FLGT) shares dropped 37% to $15.59 as the company announced fourth-quarter results.
• Shares of PAR Technology Corp (NYSE:PAR) were down 30% to $15.80 after the company reported fourth-quarter financial results.
• Emergent Biosolutions Inc (NYSE:EBS) was down, falling 23% to $8.50 after the company reported worse-than-expected fourth-quarter financial results and issued FY26 sales guidance below estimates.

Commodities

In commodity news, oil traded up 2% to $66.54 while gold traded up 1.1% at $5,252.30.

Silver traded up 7.7% to $94.360 on Friday, while copper rose 0.9% to $6.0605.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.11%, while Spain's IBEX 35 Index fell 0.73%. London's FTSE 100 rose 0.59%, Germany's DAX fell 0.02% and France's CAC 40 declined 0.47% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.16%, Hong Kong's Hang Seng index surging 0.95%, China's Shanghai Composite rising 0.39% and India's BSE Sensex slipping 1.17%.

Economics

U.S. producer prices rose 0.5% month-over-month in January, compared to a revised 0.4% gain in December and above market estimates of 0.3%.

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