US Equity Markets Mixed as Consumer Sentiment Improves; Silver Tops $102

MT Newswires Live01-24 05:22

Major US equity indexes were mixed Friday amid a gain in consumer sentiment, while silver rose to a record topping $102 an ounce.

* The University of Michigan consumer sentiment index rose to 56.4 in January from 52.9 in December. That topped the preliminary reading and surpassed all estimates in a Bloomberg survey of economists.

* The January flash reading of manufacturing conditions from S&P Global rose to 51.9 from 51.8 in December, compared with the 52.0 anticipated in a Bloomberg poll.

* March West Texas Intermediate crude oil rose $1.78 to settle at $61.14 per barrel, while March Brent crude, the global benchmark, was last seen up $1.87 at $65.93.

* Intel's (INTC) shares fell 17%, the biggest drop on the S&P 500, a day after the chipmaker reported a drop in Q4 revenue and Q1 guidance disappointed investors amid supply disruptions.

* Fortinet (FTNT) shares rose 5.2%, the second-largest gain on the S&P, after TD Cowen upgraded the stock to buy from hold with a $100 price target.

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