The Dow Jones Industrial Average rebounded Friday as Israel and Iran appeared to be backing away from the brink of a larger confrontation following Friday night’s Israeli airstrike. However, other major U.S. stock indexes fell Friday afternoon.
In Friday afternoon trading, the Dow Jones Industrial Average rose 208 points, or about 0.5%, to $37,983. However, the Nasdaq fell 217 points (1.4%). The S&P 500 index also fell 23 points (approximately 0.5%) and was in the red.
Oil market under stress It started the day like that for a few months, then calmed down a bit. West Texas Intermediate futures were trading 0.23% higher at $82 a barrel, and Brent crude oil futures were trading 0.06% higher at $87 a barrel.
and U.S. mortgage interest rates hit new high this year This is because there are concerns that inflation will gradually rise.of Average interest rate for a 30-year fixed mortgage It hovered between 7.4% and 7.5% this week, according to daily data from Mortgage News Daily. This is the highest daily level since November last year.
Super microcomputer stock plummets
Supermicrocomputer stocks fell sharply on Friday. A few days after the spike For AI hardware companies. The company announced on Friday, 11 days before its scheduled March quarter earnings release, that it would report its third quarter results on April 30, without announcing the results in advance.
This spooked investors who feared the company’s earnings would fall short of expectations. Super Micro Computer’s stock fell 18.6% Friday afternoon, making it the day’s biggest loser in the S&P 500.
Paramount stock jumps on potential takeover offer
Paramount Global shares soared about 13% Friday afternoon, making it the best performer in the S&P 500 index on the day. The rise came after Reuters reported that Sony Pictures Entertainment and Apollo Global Management were in talks. Possibility of joint bid to acquire Paramount.
Netflix faces warning of declining subscribers
Netflix stock It fell 8.8% in Friday afternoon trading.after the company Announced first quarter earnings on Thursday. The drop follows Netflix’s prediction of a decline in subscribers in the second quarter, which the company blamed on “seasonality.”
Netflix CEO Greg Peters told investors during the company’s earnings call Thursday that the company is “effectively cutting off some viewers” by offering the service. Told. Crackdown on password sharingand is prepared to “lose some of the viewing experience that comes with that.”
American Express profits increase 34%
american express Reports 34% increase in first quarter profits Friday as more customers used their cards to maintain balances. The company reported first-quarter profit of $2.44 billion, equivalent to $3.33 per share. This was up from $1.82 billion in the same period last year.Results were better than Wall Street expected
American Express stock rose 5.3% Friday afternoon.
Trump media stocks rebound
rear several weeks of stagnationTrump Media & Technology Group Inventories are on the rise again. As a result of this series of achievements, Trump Media, which operates former President Donald Trump’s Truth Social, has regained approximately $1 billion in market capitalization.
The stock rose another 1.8% on Friday afternoon.
Bitcoin rebounds as “halving” approaches
rear Eventful trading days, Bitcoin It finally broke above the $65,000 level on Friday morning. Big “halving” event. The soaring price of Bitcoin is a source of comfort for investors. JP Morgan and Goldman Sachs are less confident about top cryptocurrencies In their recent report.
This positive sentiment spread throughout the crypto industry, with the global crypto market total rising 4% from the previous day to $2.35 trillion. According to CoinMarketCap.
–Francisco Velázquez and Rocio Fabbro contributed to the article
