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U.S. stocks traded lower toward the end of trading, with the S&P 500 falling more than 2% on Friday.
The Dow traded down 1.92% to 39,571.38 while the NASDAQ fell 2.56% to 16,754.04. The S&P 500 also fell, dropping, 2.15% to 5,329.56.
Leading and Lagging Sectors
Consumer staples shares rose by 0.3% on Friday.
In trading on Thursday, consumer discretionary shares dipped by 5.4%.
Top Headline
Exxon Mobil Corporation (NYSE:XOM) reported better-than-expected second-quarter FY24 results on Friday.
Total revenues and other income stood at $93.060 billion, beating the consensus of $90.987 billion. Adjusted net profit came in at $9.24 billion, up from $8.22 billion in the prior quarter. Adjusted EPS stood at $2.14, beating the consensus of $2.01.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 3.9% to $73.37 while gold traded down 0.4% at $2,470.30.
Silver traded down 0.3% to $28.40 on Friday, while copper rose 0.6% to $4.1050.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 2.73%, Germany's DAX fell 2.33% and France's CAC 40 fell 1.61%. Spain's IBEX 35 Index fell 1.67%, while London's FTSE 100 fell 1.31%.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 dipping 5.81%, Hong Kong's Hang Seng Index falling 2.08%, China's Shanghai Composite Index falling 0.92% and S&P BSE Sensex declining 1.08%.
Economics
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