Midway through trading Friday, the Dow traded up 0.44% to 28549.53 while the NASDAQ rose 0.99% to 11534.04. The S&P also rose, gaining 0.59% to 3467.29.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 7,607,950 cases with around 212,780 deaths. India confirmed a total of at least 6,906,150 confirmed cases and 106,490 deaths, while Brazil reported over 5,028,440 COVID-19 cases with 148,950 deaths. In total, there were at least 36,574,080 cases of COVID-19 worldwide with over 1,062,650 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
In trading on Friday, energy shares fell 1.1%.
The Xilinx acquisition is estimated close to $30 billion, a record valuation in the semiconductor industry.
Equities Trading UP
VivoPower International PLC (NASDAQ:VVPR) shares shot up 44% to $14.52 after the company announced its executives signed a definitive agreement to acquire 51% of a light electric vehicle company called Tembo e-LV.
Shares of Medigus Ltd. (NASDAQ:MDGS) got a boost, shooting 26% to $1.91after the company announced it has signed a definitive agreement to acquire a controlling interest in Smart Repair Pro, Inc. and Purex, Inc. operating on the Amazon Marketplace.
Precigen, Inc. (NASDAQ:PGEN) shares were also up, gaining 23% to $5.44 after the company announced that Merck KGaA raised its stake in the company.
Equities Trading DOWN
ShiftPixy, Inc. (NASDAQ:PIXY) shares tumbled 24% to $2.7150 after the company announced the pricing of a 4 million share public offering at $3 per share.
Shares of Orbital Energy Group, Inc. (NASDAQ:OEG) were down 21% to $0.85 after rising more than 29% on Thursday.
AgeX Therapeutics, Inc. (NYSE:AGE) was down, falling 13% to $2.17. AgeX Therapeutics shares climbed 194% on Thursday following an amended 13D filing showing Juvenescence Limited has a 50% stake in the company.
In commodity news, oil traded down 0.3% to $41.07, while gold traded up 2% to $1,933.20.
Silver traded up 4.3% Friday to $24.910 while copper rose 1% to $3.0715.
European shares were mixed today. The eurozone’s STOXX 600 gained 0.46%, the Spanish Ibex Index fell 0.62%, while Italy’s FTSE MIB Index slipped 0.02%. Meanwhile, the German DAX 30 slipped 0.07%, French CAC 40 climbed 0.6% and London’s FTSE 100 gained 0.68%.
Britain's economy expanded for the fourth consecutive month, rising by 2.1% in August. However, the country’s industrial production rose 0.3% in August, versus a 5.2% surge in July.
US wholesale inventories rose 1.4% for August, versus analysts’ expectations for a 2% increase.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.