S&P 500 Moves Higher; BlackRock Reports Upbeat Results

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 350 points on Friday.

The Dow traded up 0.86% to 42,820.94 while the NASDAQ rose 0.35% to 18,346.63. The S&P 500 also rose, gaining, 0.58% to 5,813.55.

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Leading and Lagging SectorsFinancials shares jumped by 1.9% on Friday.

In trading on Friday, consumer discretionary shares fell by 0.3%.

Top Headline

BlackRock, Inc. (NYSE:BLK) reported better-than-expected third-quarter results.

Revenue growth of 15% Y/Y to $5.197 billion, beating the consensus of $5.007 billion. Adjusted EPS increased 5% Y/Y to $11.46, beating the consensus of $10.38.

Equities Trading UP                       

Top Wealth Group Holding Limited (NASDAQ:TWG) shares shot up 194% to $6.21. The company priced its $10.8 million public offering of 27 million ordinary shares at $0.40 per share.

Shares of Pacific Biosciences of California Inc (NASDAQ:PACB) got a boost, surging 30% ...