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Markets Open Mixed as Tech Surges While Dow Slips Over 100 Points

MarketDash Editorial Team
2 hours ago
U.S. stocks showed divergent moves Friday morning, with information technology leading gains while real estate lagged. Baidu announced a major spinoff, and several stocks made dramatic swings on earnings and regulatory news.

U.S. markets opened Friday with no clear consensus, as major indices headed in different directions. The Dow Jones Industrial Average dropped 0.21% to 47,960.85, shedding over 100 points in early trading. The NASDAQ fared worse, slipping 0.93% to 23,458.32, while the S&P 500 bucked the trend with a 0.36% gain to 6,870.03.

Sector Movers: Tech Leads, Real Estate Lags

The divergence across indices reflected some clear sector preferences. Information technology shares powered higher with a solid 1.5% gain on Friday, providing much of the lift for the broader market. On the flip side, real estate stocks dragged, declining 0.7% as investors rotated away from rate-sensitive plays.

Baidu Plans Major Spinoff

Baidu Inc. (BIDU) shares climbed after the Chinese tech giant announced plans to spin off and separately list the H shares of Kunlunxin (Beijing) Technology Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. The move gives investors a clearer play on Baidu's AI chip business.

Notable Gainers

ChowChow Cloud International Holdings Limited (CHOW) exploded 51% to $0.9364 after reporting year-over-year increases in both revenue and net income for the first half of 2025.

Ironwood Pharmaceuticals, Inc. (IRWD) jumped 55% to $5.24 following the release of fiscal 2026 guidance that evidently impressed investors.

AgEagle Aerial Systems, Inc. (UAVS) gained 31% to $1.0743 after securing a contract to sell six eBee TAC tactical mapping drones to the U.S. Army.

Notable Decliners

Outlook Therapeutics, Inc. (OTLK) cratered 56% to $0.6801 after receiving a complete response letter from the FDA regarding its ONS-5010/LYTENAVA biologics license application resubmission. The FDA indicated it cannot approve the application in its current form for treating wet age-related macular degeneration—a devastating setback for the company.

Oriental Rise Holdings Limited (ORIS) declined 18% to $1.22.

Semilux International Ltd. (SELX) dropped 19% to $0.66 after announcing it received a Nasdaq delisting notification.

Commodities

Oil slipped 0.8% to $56.95 per barrel, while precious metals caught a bid. Gold advanced 0.9% to $4,380.20, and silver surged 3.9% to $73.350. Copper edged up 0.5% to $5.7105.

Global Markets

European equities traded higher across the board. The eurozone's STOXX 600 gained 0.6%, Spain's IBEX 35 rose 0.8%, London's FTSE 100 added 0.4%, Germany's DAX climbed 0.4%, and France's CAC 40 advanced 0.5%.

Asian markets closed in the green, with Hong Kong's Hang Seng Index surging 2.76% and India's BSE Sensex gaining 0.67%.

Economic Data

Investors are awaiting the release of the S&P Global Manufacturing PMI, scheduled for later today.

Back to Stock Market News

Markets Open Mixed as Tech Surges While Dow Slips Over 100 Points

MarketDash Editorial Team
2 hours ago
U.S. stocks showed divergent moves Friday morning, with information technology leading gains while real estate lagged. Baidu announced a major spinoff, and several stocks made dramatic swings on earnings and regulatory news.

U.S. markets opened Friday with no clear consensus, as major indices headed in different directions. The Dow Jones Industrial Average dropped 0.21% to 47,960.85, shedding over 100 points in early trading. The NASDAQ fared worse, slipping 0.93% to 23,458.32, while the S&P 500 bucked the trend with a 0.36% gain to 6,870.03.

Sector Movers: Tech Leads, Real Estate Lags

The divergence across indices reflected some clear sector preferences. Information technology shares powered higher with a solid 1.5% gain on Friday, providing much of the lift for the broader market. On the flip side, real estate stocks dragged, declining 0.7% as investors rotated away from rate-sensitive plays.

Baidu Plans Major Spinoff

Baidu Inc. (BIDU) shares climbed after the Chinese tech giant announced plans to spin off and separately list the H shares of Kunlunxin (Beijing) Technology Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. The move gives investors a clearer play on Baidu's AI chip business.

Notable Gainers

ChowChow Cloud International Holdings Limited (CHOW) exploded 51% to $0.9364 after reporting year-over-year increases in both revenue and net income for the first half of 2025.

Ironwood Pharmaceuticals, Inc. (IRWD) jumped 55% to $5.24 following the release of fiscal 2026 guidance that evidently impressed investors.

AgEagle Aerial Systems, Inc. (UAVS) gained 31% to $1.0743 after securing a contract to sell six eBee TAC tactical mapping drones to the U.S. Army.

Notable Decliners

Outlook Therapeutics, Inc. (OTLK) cratered 56% to $0.6801 after receiving a complete response letter from the FDA regarding its ONS-5010/LYTENAVA biologics license application resubmission. The FDA indicated it cannot approve the application in its current form for treating wet age-related macular degeneration—a devastating setback for the company.

Oriental Rise Holdings Limited (ORIS) declined 18% to $1.22.

Semilux International Ltd. (SELX) dropped 19% to $0.66 after announcing it received a Nasdaq delisting notification.

Commodities

Oil slipped 0.8% to $56.95 per barrel, while precious metals caught a bid. Gold advanced 0.9% to $4,380.20, and silver surged 3.9% to $73.350. Copper edged up 0.5% to $5.7105.

Global Markets

European equities traded higher across the board. The eurozone's STOXX 600 gained 0.6%, Spain's IBEX 35 rose 0.8%, London's FTSE 100 added 0.4%, Germany's DAX climbed 0.4%, and France's CAC 40 advanced 0.5%.

Asian markets closed in the green, with Hong Kong's Hang Seng Index surging 2.76% and India's BSE Sensex gaining 0.67%.

Economic Data

Investors are awaiting the release of the S&P Global Manufacturing PMI, scheduled for later today.

    Markets Open Mixed as Tech Surges While Dow Slips Over 100 Points - MarketDash News