U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 150 points on Friday.



Following the market opening Friday, the Dow traded up 0.33% to 51,016.60 while the NASDAQ fell 0.13% to 25,777.22. The S&amp;P 500 also rose, gaining, 0.11% to 7,402.62.



Leading and Lagging Sectors



Materials shares jumped by 1% on Friday.



In trading on Friday, consumer discretionary stocks fell by 0.7%.



Top Headline



Shares of Adobe Inc (NASDAQ:ADBE) dipped over 8% on Friday after the company posted upbeat financial results for the second quarter and raised its guidance for the full year after the closing bell on Thursday, according to data from Benzinga Pro.



Adobe announced that CFO and Executive VP Dan Durn will depart the company on June 15. Steve Day, Senior VP of Corporate Finance and CFO of Adobe's Customer Experience Orchestration business unit, will serve as interim CFO.



Equities Trading UP            



<ul>
<li>Park Ha Biological Technology Co Ltd (NASDAQ:BYAH) shares shot up 183% to $2.97. Park Ha Biological Technology announced a strategic partnership with Star Plus Action to combine AI and Beauty Products.</li>



<li>Shares of VS Media Holdings Ltd (NASDAQ:VSME) got a boost, surging 76% to $1.96.</li>



<li>Big Tree Cloud Holdings Ltd (NASDAQ:DSY) shares were also up, gaining 57% to $6.10.</li>
</ul>



Equities Trading DOWN



<ul>
<li>Pop Culture Group Co Ltd (NASDAQ:CPOP) shares dropped 76% to $0.25 after the Chinese pop culture company announced the pricing of an $8 million registered direct offering that will significantly increase its share count.</li>



<li>Shares of Smith Micro Software Inc (NASDAQ:SMSI) were down 36% to $2.92.</li>



<li>Sleep Number Corp (NASDAQ:SMSI) was down, falling 33% to $0.44.</li>
</ul>



Commodities In commodity news, oil traded down 2.9% to $85.13 while gold traded up 2.4% at $4,212.00.



Silver traded down 4.1% to $66.60 on Friday, while copper rose 1.4% to $6.3625.



Euro zone



European shares were higher today. The eurozone's STOXX 600 gained 1.1%, while Spain's IBEX 35 Index rose 1.7%. London's FTSE 100 rose 0.9%, Germany's DAX gained 1.1%, while France's CAC 40 rose 1.4%.



Asia Pacific Markets



Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 2.81%, Hong Kong's Hang Seng Index rising 1.93%, China's Shanghai Composite rising 1.12% and India's BSE Sensex climbing 2.30%.



Economics



The Michigan consumer sentiment index will be released today.



Photo via Shutterstock

ADBE

.SPX

.DJI

U.S. stocks traded mixed with the Dow Jones rising over 150 points, while the Nasdaq and S&P 500 saw modest gains. Adobe shares fell over 8% despite upbeat Q2 results due to a CFO departure. Several small-cap stocks surged or plummeted significantly based on corporate announcements. Globally, European and Asian markets closed higher, while oil prices dropped and gold rose.

- U.S. stocks showed mixed results, with the Dow Jones up 0.33% to 51,016.60, while the NASDAQ fell 0.13% to 25,777.22.  
- Adobe Inc shares dropped over 8% despite reporting strong quarterly results and announcing an executive change, while Park Ha Biological Technology surged 183% following a strategic partnership.  
- European and Asian markets closed higher, with the eurozone's STOXX 600 rising 1.1%, and Japan's Nikkei 225 gaining 2.81%.

benzinga_article

Adobe

S&P 500

Dow Jones Industrial Average

NASDAQ Composite Index

Newmont

SPDR Gold Shares

United States Oil Fund LP

Abrdn Gold ETF Trust

SPDR Gold Minishares

SPDR Djia

SPDR S&P 500

iShares Gold Trust

ETFS Capital Ltd.

Leverage Shares 2X Long ADBE Daily ETF

Us Brent Oil

Ultr S&P 500 Pro

Pro UltrPro Dow30

Tradr 2X Long NEM Daily ETF

iShares Core S&P 500

VG S&P 500

SPDR Portfolio S&P 500 ETF

Direxion S&P 500 Bull 3X

Pro UltrPro S&Pro 500

Pro Ultr GLD

Pro Shrt S&P 500

Direxion S&P 500 Bear 3X

Pro UltrPro Shrt S&Pro 500

ProShares Ultra Dow30 ETF

Direxion Daily ADBE Bull 2X ETF

Short Dow30 Pro

Pro UltrPro Shrt Dow30

Fidelity Nasdaq Composite Index ETF

Invesco QQQ Trust

Invesco Nasdaq 100 ETF

First Trust NASDAQ-100 Equal Weighted

Direxion Nasdaq 100 Equal Weight Index shares

Proshares UltraPro QQQ

ProShares Ultra QQQ

ProShares Shrt QQQ

Proshares UltraPro Short QQQ ETF

Pro Ultrshort Qqq

Pro Ultr Bloomberg Crude Oil

Dow Jumps Over 150 Points; Adobe Shares Fall After Q2 Results