Crude Oil down 1%; US Composite PMI jumps in March – Torrid Holdings…

Crude Oil down 1%; US Composite PMI jumps in March – Torrid Holdings…

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US stocks traded lower in mid-trade, with the Dow Jones down around 80 points on Friday.

The Dow fell 0.26% to 32,021.81, while the NASDAQ fell 0.41% to 11,739.58. The S&P 500 was also down 0.23% to 3,939.65.

Look at that: Top 5 tech stocks that could fall off a cliff this quarter

Leading and lagging sectors

  • Utilities shares rose 1.7% on Friday. Meanwhile top winner in the sector included ReNew Energy Global Plc RNWby 18% and Centrais Elétricas Brasileiras SA – Eletrobrás EWCplus 4%.
  • Financials fell 1.1% in Friday trading.

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The S&P global manufacturing PMI rose to 49.1 in March from 47.3 in the previous month, while the services PMI rose to 53.8 from 50.6 in January.

The S&P Global Composite PMI rose to 53.3 in March from 50.1 in the previous month.

Stock trading UP

  • Silvergate Capital Corporation S.I Shares soared 72% to $1.9450 on rumors that a crypto exchange is looking to buy Silvergate’s trade processing technologies.
  • shares of Torrid Holdings Inc. CURV got a boost, surging 17% to $2.7850 after the company reported Q4 results.
  • Vaccitech plc VACC Shares were also higher, gaining 14% to $2.58 after the company reported better-than-expected FY22 sales results.

Stocks are trading down

  • Allarity Therapeutics, Inc. ALLR Shares up 34% to $0.0742 after the company announced a reverse stock split of its common stock.
  • shares of Scholastic Corporation CLOSE declined 23% to $31.76 after the company announced that adjusted third quarter EPS and sales were lower year over year.
  • Express, Inc. EXPL fell 16% to $0.7139 after the company reported worse-than-expected fourth-quarter sales results.

Also check out: This delivery giant is a “comeback story” plus Nike, AbbVie and Oracle: “Final Trades” from CNBC

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On commodities news, oil traded up 1.2% to $69.14, while gold fell 0.2% to $1,992.90.

Silver was up 0.6% on Friday at $23.395, while copper was down 1.1% at $4.0785.

Euro…

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