Dow Surges Over 100 Points; Accenture Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Friday.

The Dow traded up 0.34% to 42,314.63 while the NASDAQ rose 0.28% to 19,600.90. The S&P 500 also rose, gaining, 0.29% to 5,998.05.

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Leading and Lagging Sectors

Real estate shares jumped by 0.7% on Friday.

In trading on Friday, health care stocks fell by 0.3%.

Top Headline

Accenture Plc (NYSE:ACN) posted better-than-expected third-quarter earnings.

The company reported quarterly earnings of $3.49 per share, topping the analyst consensus estimate of $3.31. The company reported sales of $17.7 billion, slightly exceeding the analyst consensus estimate of $17.30 billion. Sales increased 8% in U.S. dollars and 7% in local currency.

Accenture narrowed its fiscal year 2025 revenue growth outlook to 6%-7% (prior 5%-7%) in local currency. The company forecasts 2025 diluted earnings of $12.77-$12.89 (prior $12.55-$12.79) per share compared to the consensus of $12.75.

Equities Trading UP
           

• Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares shot up 159% to $8.85. On May 21, Wheeler Real Estate Investment Trust announced it will implement a 1-for-7 reverse stock split.
• Shares of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) got a boost, surging 74% to $0.3796 after gaining 6% on Wednesday.
• Innovative Eyewear, Inc. (NASDAQ:LUCY) shares were also up, gaining 73% to $3.9502 after the company announced a partnership with Smartech Retail Group to showcase the Reebok Powered by Lucyd collection and other brands at the new Smartech location in New York City.

Equities Trading DOWN

• Nature Wood Group Limited (NASDAQ:NWGL) shares dropped 59% to $2.2950 after surging over 142% on Wednesday.
• Shares of Moleculin Biotech, Inc. (NASDAQ:MBRX) were down 48% to $0.3040 as the company announced a $5.9 million public offering.
• Regencell Bioscience Holdings Limited (NASDAQ:RGC) was down, falling 48% to $32.99 after dipping over 18% on Wednesday.

Commodities

In commodity news, oil traded down 0.5% to $74.71 while gold traded down 0.6% at $3,389.00.

Silver traded down 2.5% to $36.005 on Friday, while copper fell 0.3% to $4.8400.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 0.4%, while Spain's IBEX 35 Index rose 1%. London's FTSE 100 rose 0.1%, Germany's DAX 40 surged 1.3% and France's CAC 40 rose 0.6% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei falling 0.22%, Hong Kong's Hang Seng Index gaining 1.26%, China's Shanghai Composite falling 0.07% and India's BSE Sensex gaining 1.29%.

Economics

The Philadelphia Fed Manufacturing Index came in unchanged at -4.0 in June, versus market estimates of -1.

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