US Stocks Mixed; Dow Falls Over 100 Points

U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Friday. Following the market opening Friday, the Dow traded down 0.29% to 48,045.77 while the NASDAQ rose 0.38% to 22,909.09. The S&P 500 also rose, gaining, 0.07% to 6,829.46. Leading and Lagging Sectors Materials shares climbed by 0.8% on Friday. In trading on Friday, financial stocks fell by 0.8%. Top Headline The annual inflation rate in the U.S. surged to 3.3% in March, recording the highest reading since May 2024 and following 2.4% in both February and January. Equities Trading UP Presidio Property Trust, Inc. (NASDAQ:SQFT) shares shot up 48% to $3.99 after gaining 9% on Thursday. Shares of Treace Medical Concepts, Inc. (NASDAQ:TMCI) got a boost, surging 25% to $1.9100. Organon & Co. (NASDAQ:OGN) shares were also up, gaining 28% to $8.85 following reports suggesting Sun Pharmaceutical submitted a binding offer to acquire the company. Equities Trading DOWN One and one Green Technologies. Inc (NASDAQ:YDDL) shares dropped 60% to $5.54 after the company announced a $13 million follow-on offering. Shares of Angel Studios, Inc. (NYSE:ANGX) were down 28% to $2.06 after the company announced the pricing of its $30 million offering of 14.3 million shares at $2.10 per share. TAO Synergies Inc. (NASDAQ:TAOX) was down, falling 24% to $3.8150. CommoditiesIn commodity news, oil traded down 0.2% to $97.72 while gold traded down 0.2% at $4,810.00. Silver traded up 0.5% to $76.810 on Friday, while copper rose 2.8% to $5.9255. Euro zone European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.1%, Germany's DAX gained 0.5% and France's CAC 40 rose 0.4% during the session. Asia Pacific Markets Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 1.84%, China's Shanghai Composite climbing 0.51%, Hong Kong's Hang Seng Index rising 0.55% and India's BSE Sensex gaining 1.20%. Economics The annual inflation rate in the U.S. surged to 3.3% in March, recording the highest reading since May 2024 and following 2.4% in both February and January. The University of Michigan's consumer sentiment index dipped 11% to 47.6 in early April, down from market expectations of 52. Photo via Shutterstock