Dow Jumps 300 Points; Gap Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 300 points on Friday.

Following the market opening Friday, the Dow traded up 0.72% to 44,184.62 while the NASDAQ rose 0.07% to 18,985.33. The S&P 500 also rose, gaining, 0.35% to 5,969.29.

Check This Out: Top 3 Materials Stocks That Could Blast Off In November

Leading and Lagging Sectors

Consumer staples shares rose by 1% on Friday.

In trading on Friday, communication services shares fell by 0.4%.

Top Headline

Gap, Inc. (NYSE:GAP) reported better-than-expected earnings for its second quarter and raised its outlook for FY24 gross margin.

 The company reported quarterly earnings of 54 cents per share, which beat the analyst consensus estimate of 40 cents per share.

Equities Trading UP
                       

• SKK Holdings Limited (NASDAQ:SKK) shares shot up 76% to $1.95 after declining around 75% on Wednesday.
• Shares of DevvStream Corp. (NASDAQ:DEVS) …

Full story available on Benzinga.com