Nasdaq Gains Over 100 Points; US Consumer Sentiment Rises In November

Market Performance - U.S. stocks experienced a positive trading session, with the Dow Jones increasing by 1.20% to 46,299.83, gaining over 500 points [1] - The NASDAQ rose by 0.66% to 22,224.05, while the S&P 500 increased by 0.91% to 6,598.00 [1] Sector Performance - Health care shares saw a significant increase of 2.4% on Friday [1] - Information technology stocks had a modest rise of 0.1% [1] Company Updates - Elastic N.V. (NYSE:ESTC) shares fell by 15% to $69.96 despite posting strong second-quarter earnings [4] - authID Inc (NASDAQ:AUID) shares dropped by 22% to $1.3350 following the announcement of a registered direct offering of approximately $3.675 million [4] - Pasithea Therapeutics Corp (NASDAQ:KTTA) shares decreased by 21% to $0.3337 after releasing interim Phase 1 trial data [5] - Iveda Solutions Inc (NASDAQ:IVDA) shares surged by 28% to $0.8351 due to a new manufacturing partnership in Egypt [9] - Nuvve Holding Corp (NASDAQ:NVVE) shares increased by 42% to $0.2327 after entering a Memorandum of Understanding for transportation electrification [9] - Enviri Corporation (NYSE:NVRI) shares rose by 29% to $17.50 following a $3.04 billion sale to Veolia [9] Economic Indicators - The University of Michigan's consumer sentiment index increased to 51.0 in November from a preliminary reading of 50.3 [2][12] - U.S. wholesale inventories remained flat at approximately $908 billion in August [12] - The S&P Global composite PMI rose to 54.8 in November, surpassing market estimates [12] - The S&P Global services PMI increased to 55 in November, while the manufacturing PMI declined to 51.9, marking the lowest reading in four months [12]