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    Gold Down Over 1%; Micron Technology Shares Fall After Q2 Earnings

    Benzinga·03/21/2025 16:27:20
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    U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.1% on Friday.

    The Dow traded down 0.20% to 41,868.48 while the NASDAQ dipped 0.06% to 17,681.21. The S&P 500 also fell, dropping, 0.28% to 5,647.20.

    Check This Out: How To Earn $500 A Month From KB Home Stock Ahead Of Q1 Earnings

    Leading and Lagging Sectors

    Communication services shares rose by 0.3% on Friday.

    In trading on Friday, materials shares dipped by 1.8%.

    Top Headline

    Shares of Micron Technology Inc (NASDAQ:MU) fell more than 6% on Friday after the company reported second-quarter financial results.

    Micron reported second-quarter revenue of $8.05 billion, beating the consensus estimate of $7.89 billion. Total revenue was up from $5.82 billion on a year-over-year basis. The company reported second-quarter adjusted earnings of $1.56 per share, beating analyst estimates of $1.42 per share, according to Benzinga Pro.

    Equities Trading UP
                           

    • Ouster, Inc. (NASDAQ:OUST) shares shot up 25% to $10.51 after the company reported better-than-expected quarterly financial results.
    • Shares of Scholastic Corporation (NASDAQ:SCHL)got a boost, surging 15% to $21.66 following upbeat quarterly earnings.
    • Allurion Technologies Inc. (NASDAQ:ALUR) shares were also up, gaining 39% to $3.1593 after the company announced results from its allurion program and low-dose GLP-1 therapy combination.

    Equities Trading DOWN

    • Damon Inc. (NASDAQ:DMN) shares dropped 70% to $0.0376 after the company announced a $16.5 million public offering.
    • Shares of Planet Labs PBC (NYSE:PL) were down 19% to $3.4350 after the company reported worse-than-expected fourth-quarter financial results.
    • TELA Bio, Inc. (NASDAQ:TELA) was down, falling 35% to $1.51 after the company reported worse-than-expected quarterly financial results. Additionally, Piper Sandler downgraded the stock from Overweight to Neutral and cut its price target from $5 to $2.

    Commodities

    In commodity news, oil traded down 0.2% to $67.94 while gold traded down 1.1% at $3,011.10.

    Silver traded down 1.7% to $33.400 on Friday, while copper fell 1.2% to $5.0525.

    Euro zone

    European shares were mostly lower today. The eurozone's STOXX 600 fell 0.98%, Germany's DAX 40 fell 1.15% and France's CAC 40 fell 1.01%. Spain's IBEX 35 Index rose 0.05%, while London's FTSE 100 slipped 0.95%.

    Asia Pacific Markets

    Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.20%, China's Shanghai Composite Index falling 1.29%, Hong Kong's Hang Seng Index dipped 2.19% and India's BSE Sensex gaining 0.73%.

    Economics

    The Baker Hughes oil rig count report will be released today.

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