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Nasdaq Jumps Over 100 Points; Dell Posts Upbeat Results - Dell Technologies (NYSE:DELL)

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining over 100 points on Friday.

Following the market opening Friday, the Dow traded down 0.03% to 41,321.72 while the NASDAQ rose 0.76% to 17,649.93. The S&P 500 also rose, gaining, 0.44% to 5,616.77.

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Dell Technologies Inc. DELL reported stronger-than-expected results for its second quarter.

The company reported second-quarter revenue of $25.03 billion, beating the consensus estimate of $24.14 billion.

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were down 47% to $0.7144 after the company announced the pricing of $3.1 million underwritten public offering. Elastic N.V. ESTC was down, falling 27% to $76.00 after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.

Commodities

In commodity news, oil traded down 2.2% to $74.24 while gold traded down 0.4% at $2,549.10.

Silver traded down 1.1% to $29.67 on Friday, while copper rose 0.1% to $4.2255.

Euro zone

The unemployment rate in the Eurozone eased to its record low of 6.4% in July from 6.5% in the previous month, while annual inflation rate declined to 2.2% in August from 2.6% in the prior month.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.74%, Hong Kong's Hang Seng Index gaining 1.14%, China's Shanghai Composite Index gaining 0.68% and India's BSE Sensex rising 0.28%.

The Indian economy grew by 6.7% from the prior year in the June quarter compared to a 7.8% increase in the prior period. Retail sales in Hong Kong declined 13.3% year-over-year in July.

Economics

U.S. personal income increased by 0.3% from the prior month to $24.015 trillion in July, while personal spending rose 0.5% from the prior month.

The US core PCE price index increased by 0.2% from the earlier month in July, in line with market estimates and following a 0.2% rise in June.