US Equity Indexes Trade Mixed While Silver Hits $100 Milestone

MT Newswires Live01:38

US equity indexes were mixed in midday trading on Friday, while silver surpassed the $100 mark for the first time.

The Nasdaq Composite rose 0.5% to 23,552.1, with the S&P 500 up 0.1% to 6,922.2. The Dow Jones Industrial Average slipped less than 0.1% to 49,150.3.

Energy led the gainers, followed by technology and consumer discretionary, while the financial sector was among the steepest decliners.

Gold futures were up 1.4% to $4,981.2 after hitting a new all-time high earlier in the session. Silver futures jumped 3.8% to $100.09, also scaling a new peak intraday.

In economic news, the University of Michigan consumer sentiment index was revised up Friday to 56.4 for January from 54.0 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

Respondents expected 4.0% inflation over the next year, down from 4.2% in December, and 3.3% annual inflation over the next five years, up from 3.2% in the previous month.

Most US Treasury yields were mixed, with the 10-year Treasury yield steady at 4.25%. The two-year yield leaned lower to 3.61%.

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