US stocks extended gains during trade on Friday following the release of the August jobs report.
The Dow was up 0.85% to 31,924.14, while the NASDAQ was up 0.97% to 11,899.68. The S&P 500 was also up 0.97% to 4,005.14.
Leading and lagging sectors
Energy stocks rose 2.5% on Friday. Meanwhile top winner in the sector included High Peak Energy, Inc. HPKup to 13% and Borr Drilling Limited BORR increased by 10%.
In Friday trading, healthcare stocks were up just 0.3%.
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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
- Hollysys Automation Technologies Ltd. HOLI Shares shot up 17% to $19.87. A consortium led by the Chinese management of Hollysys Automation Technologies plans to privatize the US-listed automation and control systems manufacturer in a deal worth $1.8 billion, Reuters reported.
- shares of PaxMedica, Inc. PXMD received a boost and shot up 34% to $4.6801. 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 36% to $6.13 after the Nasdaq Hearings Panel approved the company’s application to continue its listing on the Nasdaq stock exchange.
Stocks are trading down
- PolyPid Ltd. PYPD Shares plunged 77% to $1.25 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 down 68% to $16.88initial public offering Volatility.
- Calavo Growers, Inc. CVGW was down, falling 16% to $35.00 after reporting weak third-quarter earnings.
