Nasdaq Down Over 1%; Dell Shares Jump After Q4 Results – Applied Optoelectronics (NASDAQ:AAOI), Arlo Technologies (NYSE:ARLO)

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Friday.
The Dow traded down 1.40% to 48,807.06 while the NASDAQ dipped 1.09% to 22,628.28. The S&P 500 also fell, dropping, 0.74% to 6,858.05.
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Leading and Lagging Sectors
Consumer staples shares gained by 1.3% on Friday.
In trading on Friday, financial stocks fell by 2.6%.
Top Headline
Dell Technologies Inc. (NYSE:DELL) shares jumped over 21% on Friday after the company reported better-than-expected fourth-quarter financial results and issued FY27 guidance above estimates.
Dell reported quarterly earnings of $3.89 per share, which beat the consensus estimate of $3.53. Quarterly revenue clocked in at $33.38 billion, which beat the Street estimate of $31.73 billion and was up from $23.93 billion in the same period last year.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 2% to $66.54 while gold traded up 1.1% at $5,252.30.
Silver traded up 7.7% to $94.360 on Friday, while copper rose 0.9% to $6.0605.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.11%, while Spain’s IBEX 35 Index fell 0.73%. London’s FTSE 100 rose 0.59%, Germany’s DAX fell 0.02% and France’s CAC 40 declined 0.47% during the session.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.16%, Hong Kong’s Hang Seng index surging 0.95%, China’s Shanghai Composite rising 0.39% and India’s BSE Sensex slipping 1.17%.
Economics
U.S. producer prices rose 0.5% month-over-month in January, compared to a revised 0.4% gain in December and above market estimates of 0.3%.
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