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Mid-Day Update: US Stocks Posting Gains Friday Led by Technology Sector


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US stocks advanced Friday led by the Nasdaq Composite Index amid optimism over progress in the trade talks between the US and China.

At midday, the Nasdaq was up 1%, while the Dow Jones Industrial Average climbed 0.7% and the S&P 500 rose 0.7%. Technology was posting the biggest gain among the S&P 500 sectors, climbing 1.4% as semiconductor stocks surged.

Asian stock markets posted advances in part on reports that Chinese and US trade negotiators had made progress. Meanwhile, stocks in Europe were rallying as well. In Europe, the UK's FTSE-100 was up 0.7% while the German DAX climbed 0.7%.

In commodities, crude oil was last down 0.3% to $58.42 per barrel. Natural gas was down 1.8% to $2.80 per 1 million BTU. Gold futures rose 0.6% to $1,302.90 an ounce, while silver gained 1% to $15.32 an ounce.

Among energy ETFs, the United States Oil Fund is down 0.2% to $12.20 while the United States Natural Gas Fund is down 1.3% to $24.76. Among precious-metal funds, the Vectors Gold Miners ETF rose 0.5% to $22.37 while SPDR Gold Shares rose 0.6% to $123.12. The iShares Silver Trust is up 0.9% to $14.37.

Here's where the markets stand at mid-day:

US MARKETS

NYSE Composite Index was up 75.09 points (+0.59%) to 12,733.59

Dow Jones Industrial Average was up 179.58 points (+0.70%) to 25,890.52

S&P 500 was up 19.60 points (+0.70%) to 2,828.62

Nasdaq Composite Index was up 79.85 points (+1.05%) to 7,710.89

GLOBAL SENTIMENT

FTSE 100 was up 47.15 points (+0.66%) to 7,232.58

DAX was up 83.92 points (+0.72%) to 11,670.48

CAC 40 was up 52.18 points (+0.98%) to 5,401.95

Nikkei 225 was up 163.83 points (+0.77%) to 21,450.85

Hang Seng Index was up 160.87 points (+0.56%) to 29,012.26

Shanghai China Composite Index was up 31.07 points (+1.04%) to 3,021.75

NYSE SECTOR INDICES

NYSE Energy Sector Index was up 6.63 points (+0.06%) to 10,688.67

NYSE Financial Sector Index was up 41.54 points (+0.53%) to 7,854.16

NYSE Healthcare Sector Index was up 50.43 points (+0.31%) to 16,105.22

UPSIDE MOVERS

(+) SLNO (+195.56%) Data safety monitoring board review says Prader-Willi syndrome study can continue with no changes

(+) ACHV (+31.64%) Narrows Q4 loss vs year-ago level

(+) HAIR (+16.56%) Widens Q4 loss while revenues rise year-over-year

DOWNSIDE MOVERS

(-) TSLA (-4.11%) Debuts Model Y SUV

(-) TRTX (-2.91%) Prices stock offering at 2.5% discount

(-) DPLO (-3.97%) Swings to Q4 loss, revenue rises

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: SLNO , ACHV




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