financetom
Market
financetom
/
Market
/
Nasdaq Surges Over 100 Points; US Economy Adds 227,000 Jobs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nasdaq Surges Over 100 Points; US Economy Adds 227,000 Jobs
Dec 6, 2024 7:46 AM

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.10% to 44,810.58 while the NASDAQ rose 0.64% to 19,826.09. The S&P 500 also rose, gaining, 0.32% to 6,094.78.

Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

Leading and Lagging Sectors

Consumer discretionary shares jumped by 1.2% on Friday.

In trading on Friday, energy shares fell by 1.6%.

Top Headline

The November jobs report revealed a stronger-than-expected rebound in hiring, recovering from October's weather-related disruptions. Wage growth also slightly outpaced forecasts.

Equities Trading UP

                       

Universe Pharmaceuticals INC ( UPC ) shares shot up 285% to $4.05 after dipping 41% on Thursday.

Shares of Avalon GloboCare Corp. ( ALBT ) got a boost, surging 93% to $5.16.

Gaxos.ai Inc. ( GXAI ) shares were also up, gaining 80% to $2.5507. Gaxos Labs unveiled Visual Editor for Godot Gaming Engine.

Equities Trading DOWN

Oriental Rise Holdings Limited ( ORIS ) shares dropped 86% to $7.59 after surging 599% on Thursday.

Shares of Mynaric AG ( MYNA ) were down 57% to $0.6200. Mynaric ( MYNA ) entered into negotiation for further funding with existing lender subject to financial reorganization under StaRUG, and postponed upcoming AGM.

zSpace, Inc. ( ZSPC ) was down, falling 35% to $14.30 after jumping 340% on Thursday.

Commodities

In commodity news, oil traded down 1.5% to $67.27 while gold traded up 0.4% at $2,658.60.

Silver traded up 0.1% to $31.580 on Friday, while copper rose 0.3% to $4.2040.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, Germany's DAX climbed 0.1% and France's CAC 40 rose 1.2%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.3%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.77%, Hong Kong's Hang Seng Index gaining 1.56%, China's Shanghai Composite Index gaining 1.05% and India's BSE Sensex falling 0.07%.

Economics

Nonfarm payrolls rose by 227,000, sharply accelerating from the previous upwardly revised 36,000 and above the expected 200,000 as per TradingEconomics estimates.

The unemployment rate rose from 4.1% to 4.2%, as expected.

Average hourly earnings advanced at a 0.4% monthly pace, holding steady from October's 0.4% increase and surpassing expectations of 0.3%.

The University of Michigan consumer sentiment rose for a fifth straight month to 74 in December, recording the highest level since April, and up from 71.8 in November.

Now Read This:

How To Earn $500 A Month From Microsoft Stock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Social Buzz: Wallstreetbets Stocks Decline Pre-Bell Tuesday; Tesla, Taiwan Semiconductor to Open Lower
Social Buzz: Wallstreetbets Stocks Decline Pre-Bell Tuesday; Tesla, Taiwan Semiconductor to Open Lower
Apr 16, 2024
06:36 AM EDT, 04/16/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were lower hours before Tuesday's opening bell. Tesla (TSLA) was 2.2% lower in pre-bell activity, declining further after closing Monday with a 5.6% fall. Tesla's (TSLA) round of layoffs affecting more than 10% of its workforce worldwide has already begun, hitting the US and China,...
EMERGING MARKETS-Stocks, FX fall on Middle East tensions, fading Fed cut hopes
EMERGING MARKETS-Stocks, FX fall on Middle East tensions, fading Fed cut hopes
Apr 16, 2024
* Israeli military pledges response to Iran attack * Dollar rises to 5-month high, pressuring risky EM assets * Sri Lanka fails to reach deal on restructure terms with bondholders * Indonesian rupiah hits 4-year low, prompts c.bank intervention * Stocks down 1.7%, FX off 0.3% By Bansari Mayur Kamdar April 16 (Reuters) - Emerging market stocks and currencies fell...
BNY Mellon quarterly results top Wall St estimates on higher services fees
BNY Mellon quarterly results top Wall St estimates on higher services fees
Apr 16, 2024
(Reuters) - Bank of New York Mellon ( BK ) beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world's largest custodian bank. The oldest U.S. bank saw its assets under custody increase as hopes of a soft landing for the...
US STOCKS-Futures ease as bond yields stay elevated amid Middle East tensions
US STOCKS-Futures ease as bond yields stay elevated amid Middle East tensions
Apr 16, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures down: Dow 0.19%, S&P 0.17%, Nasdaq 0.12% April 16 (Reuters) - U.S. stock index futures edged lower on Tuesday, weighed by elevated Treasury yields as investors remained wary of the conflict in the Middle East, turning the lens...
Copyright 2023-2026 - www.financetom.com All Rights Reserved