Dow Tumbles Over 500 Points; American Express Shares Fall After Q3 Results

U.S. stocks traded lower this morning, with the Dow Jones falling more than 500 points on Friday.

Following the market opening Friday, the Dow traded down 1.02% to 52,328.35 while the NASDAQ dipped 0.21% to 25,953.62. The S&P 500 also fell, dropping, 0.43% to 7,630.53.

Leading and Lagging Sectors

Real estate shares jumped by 1% on Friday.

In trading on Friday, industrials stocks fell by 1.7%.

Top Headline

American Express (NYSE:AXP)/a> shares fell around 3% after the company released results for the third quarter.

The company posted adjusted earnings of $4.68 per share, beating market estimates of $4.48 per share. The company’s sales came in at $20.062 billion, missing expectations of $20.122 billion.

Equities Trading UP

li>Mynd.ai Inc – ADR (NYSE:MYND) shares shot up 77% to $0.29./li> li>Shares of 22nd Century Group Inc (NASDAQ:XXII) got a boost, surging 49% to $0.32. 22nd Century Group shares dipped over 20% on Thursday after the company reported a quarter-over-quarter increase of its preliminary Q3 net revenue results./li> li>BIO-Key International Inc (NASDAQ:BKYI) shares were also up, gaining 31% to $3.60. BIO-key International recently secured another Middle East Government contract for its passwordless, biometric, identity and access management solutions./li>

Equities Trading DOWN

li>Lunai Bioworks Inc (NASDAQ:LNAI) shares dipped 44% to $0.26 after the company announced receipt of Nasdaq determination and intention to voluntarily delist and deregister./li> li>Shares of Aardvark Therapeutics Inc (NASDAQ:AARD) were down 39% to $2.42. Aardvark Therapeutics reported exploratory data from the terminated HERO and open-label extension trials./li> li>Lakewood-amedex Biotherapeutics Inc (NASDAQ:LABT) was down, falling 30% to $0.34. The company recently announced the presentation of preclinical Nu-3 data, with the next catalyst remaining Phase 2a topline results in Q1 2027./li>

Commodities br>br>In commodity news, oil traded up 2.1% to $101.55 while gold traded down 0.5% at $4,041.50.

Silver traded down 2.1% to $53.870 on Friday, while copper rose 1.1% to $6.4690.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.7%, while Spain’s IBEX 35 Index fell 0.3%, London’s FTSE 100 fell 0.6%, Germany’s DAX fell 1.1%, while France’s CAC 40 dipped 0.8%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan’s Nikkei 225 falling 0.34%, Hong Kong’s Hang Seng index gaining 0.69%, China’s SSE Composite Index gaining 0.89% and India’s BSE Sensex falling 0.17%.

Economics

The Michigan Consumer Sentiment index will be released today.

Photo via Shutterstock