Gold Moves Higher; US Composite PMI Surges In August

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 400 points on Friday. The Dow traded up 0.76% to 53,162.51 while the NASDAQ rose 0.01% to 26,070.83. The S&P 500 also rose, gaining, 0.32% to 7,665.35.

Leading and Lagging Sectors Materials shares jumped by 2.3% on Friday. In trading on Friday, information technology stocks fell by 0.5%.

Top Headline The US S&P Global composite PMI climbed to 56 in August from 54.5 in the previous month, recording the strongest growth since April 2022.

Equities Trading UP RF Acquisition Corp II ( NASDAQ: RFAI ) shares shot up 256% to $45.32 following Thursday SEC filings detailing the results of an extraordinary general meeting. At the August 19 meeting, shareholders overwhelmingly approved the proposed business combination with Sin...