US stocks traded higher for most of Friday morning following the release of the August jobs report.
The Dow was up 0.43% to 31,791.57, while the NASDAQ was up 0.20% to 11,808.72. The S&P 500 was also up 0.44% to 3,984.23.
Leading and lagging sectors
Energy stocks rose 1.3% on Friday. Meanwhile top winner in the sector included High Peak Energy, Inc. HPKup to 7% and Borr Drilling Limited BORR increased by 8%.
In Friday trading, shares in communications services fell 0.7%.
top heading
The US added 315,000 jobs last month, beating the average economist estimate of 298,000 jobs. The US unemployment rate rose to 3.7%, missing the 3.5% level economists had forecast. Wages are up 5.2% yoy and up 0.3% since July.
Stock trading UP
Cheetah Mobile Inc. CMCM Shares soared 57% to $5.26 after the 5-1 reverse split took effect.
shares of PaxMedica, Inc. PXMD got a boost and shot up 45% to $5.09. PaxMedica’s Executive Chairman, Director Michael Derby announced in Form4 the purchase of 95,000 shares at $5.25 per share.
nano labs ltd N / A Shares were also higher, gaining 43% to $6.43. Nano Labs announced receipt of the Nasdaq Hearings Panel’s decision to grant the request for continued listing.
Stocks are trading down
PolyPid Ltd. PYPD Shares fell 78% to $1.19 after the company announced that its SHIELD I study failed to meet its primary endpoint of reducing postoperative wound infection and mortality.
shares of Shuttle Pharmaceuticals Holdings, Inc. SCHPH fell 49% to $26.63 on post-IPO volatility.
Addentax Group Corp. ATXG was bearish, falling 37% to $19.00. Addentax shares fell 95% on Thursday after the company’s IPO and IPO.
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raw materials
On commodities news, oil traded up 2.2% to $88.47, while gold traded up 0.9% to $1,724.00.
