US Stocks Mixed; Broadcom Shares Surge On Upbeat Earnings

Author: Avi Kapoor | December 13, 2024 11:39am

U.S. stocks traded mixed this morning, with the Dow Jones index down around 0.1% on Friday.

Following the market opening Friday, the Dow traded down 0.09% to 43,874.75 while the NASDAQ rose 0.42% to 19,987.05. The S&P 500 also rose, gaining, 0.14% to 6,059.64.

Check This Out: Jim Cramer Says This CEO ‘Built An Amazing Company,’ Recommends Buying Netflix

Leading and Lagging Sectors

Information technology shares jumped by 1% on Friday.

In trading on Friday, materials shares fell by 1.1%.

Top Headline

Shares of Broadcom Inc. (NASDAQ:AVGO) jumped around 22% on Friday after the company posted better-than-expected earnings for its fourth quarter.

The company said it sees first-quarter revenue of approximately $14.6 billion, versus the $14.612 billion estimate. The company also issued adjusted EBITDA guidance of approximately 66 percent of projected revenue for the first quarter.

Equities Trading UP

WISeKey International Holding AG (NASDAQ:WKEY) shares shot up 75% to $5.74. WISeKey announced WISeSat satellite launch with SpaceX on Jan. 14, 2025.
Shares of Loop Industries, Inc. (NASDAQ:LOOP) got a boost, surging 35% to $1.6693. Loop Industries completed convertible preferred financing with Reed Societe Generale Group.
TruGolf Holdings, Inc. (NASDAQ:TRUG) shares were also up, gaining 35% to $0.7034 after jumping around 18% on Thursday.

Equities Trading DOWN

Repare Therapeutics Inc. (NASDAQ:RPTX) shares dropped 48% to $2.08 after the company reported results of Lunresertib and Camonsertib combination from MYTHIC Phase 1 gynecologic expansion clinical trial.
Shares of 22nd Century Group, Inc. (NASDAQ:XXII) were down 42% to $0.0425 after the company announced a 1-for-135 reverse stock split.
Inovio Pharmaceuticals, Inc. (NASDAQ:INO) was down, falling 40% to $2.2701 after the company announced a public offering of 10 million shares for gross proceeds of $30 million.

Commodities

In commodity news, oil traded up 0.9% to $70.65 while gold traded down 1.2% at $2,676.40.

Silver traded down 2.5% to $30.830 on Friday, while copper fell 1.2% to $4.1950.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.55%, Germany's DAX fell 0.15% and France's CAC 40 fell 0.18%. Spain's IBEX 35 Index slipped 0.14%, while London's FTSE 100 fell 0.33%.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.95%, Hong Kong's Hang Seng Index dipping 2.09%, China's Shanghai Composite Index tumbling 2.01% and India's BSE Sensex gaining 1.04%.

Economics

U.S. import prices increased by 0.1% from the previous month in November.
U.S. export prices came in unchanged for November compared to a 1% gain in the previous month.

Now Read This: