Grapevine

Crude Oil Rises; Onconetix Shares Spike Higher - Onconetix (NASDAQ:ONCO)

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday.

The Dow traded up 0.26% to 42,285.93 while the NASDAQ fell 0.59% to 18,083.01. The S&P 500 also fell, dropping, 0.25% to 5,731.09.

Check This Out: Micron To $150? Here Are 10 Top Analyst Forecasts For Friday

Leading and Lagging Sectors

Top Headline

The total number of active U.S. oil rigs fell by four to 484 rigs this week, Baker Hughes Inc reported

Equities Trading UP

Equities Trading DOWN

Commodities

In commodity news, oil traded up 0.8% to $68.18 while gold traded down 0.9% at $2,670.50.

Silver traded down 1.4% to $31.88 on Friday, while copper fell 1% to $4.5930.

Euro zone

The industry confidence indicator in Spain climbed by 2.8 points from the prior month to a reading of -0.7 in September. Industrial producer prices in Italy declined by 0.8% year-over-year in August.

The economic sentiment indicator in the Eurozone slipped to 96.2 in September from 96.5 in August, while services sentiment indicator climbed to a four-month high level of 6.7 in September. The consumer confidence indicator in the Eurozone gained by 0.5 points to -12.9 in September.

Asia Pacific Markets

Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 jumping 2.32%, Hong Kong's Hang Seng Index jumping 3.55%, China's Shanghai Composite Index gaining 2.88% and India's BSE Sensex falling 0.31%.

Hong Kong’s trade deficit widened to $33.1 billion in August versus $25.6 billion in the year-ago month. The People’s Bank of China slashed the reserve requirement ratio for banks by 50bps.

Economics

U.S. wholesale inventories increased 0.2% month-over-month to $905.7 billion in August compared to a revised 0.2% rise in the prior month.

The U.S. trade deficit in goods narrowed to $94.3 billion in August versus a revised $102.8 billion gap in the previous month.

U.S. personal income rose by 0.2% from the prior month to $24.015 trillion in August compared to a 0.3% gain in the previous month.

Personal spending rose by 0.2% month-over-month in August.

The US core PCE price index increased by 0.1% from the prior month in August compared to market estimates of a 0.2% increase and versus the 0.2% gain in the previous month.

The total number of active U.S. oil rigs fell by four to 484 rigs this week, Baker Hughes Inc reported.