U.S. stocks trade mixed as industrial production holds steady in August

  • U.S. stocks traded mixed, with the S&P 500 rising 0.09% to 7,644.30.
  • Industrial production was unchanged in August, missing estimates for a 0.3% increase.
  • Generation Income Properties shares surged 255% to $1.56 during Friday trading.

U.S. stocks traded mixed on Friday, with the Dow Jones Industrial Average down 0.09% at 51,730.26, the Nasdaq Composite up 0.34% at 26,507.67 and the S&P 500 rising 0.09% to 7,644.30. Communication-services shares led sector gains with a 0.9% advance, while materials stocks fell 0.9%. U.S. industrial production was unchanged in August after rising 0.2% in July, missing estimates for a 0.3% increase, while manufacturing output fell 0.3% against expectations for a 0.3% gain. Generation Income Properties shares surged 255% to $1.56, IM Cannabis jumped 153% to $4.41 and Sono Group gained 64% to $2.40 after announcing a non-binding letter of intent to combine with Sports One. Stardust Power fell 39% to $0.15, Xenon Pharmaceuticals dropped 26% to $42.32 after pausing enrollment in ongoing psychiatry studies, and CID HoldCo declined 23% to $4.10. Oil rose 1% to $102.96, gold gained 0.1% to $4,405.70 and silver advanced 1.5% to $67.105. European shares fell, while most major Asian markets closed higher.

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