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US Stocks Mixed; Jobs Figures Top Estimates For June
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US Stocks Mixed; Jobs Figures Top Estimates For June
Jul 5, 2024 7:11 AM

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Friday.

Following the market opening Friday, the Dow traded down 0.08% to 39,277.07 while the NASDAQ rose 0.33% to 18,248.86. The S&P 500 also rose, gaining, 0.12% to 5,543.56.

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Leading and Lagging Sectors

Communication services shares jumped by 0.9% on Friday.

In trading on Friday, energy shares fell by 0.4%.

Top Headline

Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.

The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.

Equities Trading UP

                       

Qualigen Therapeutics, Inc ( QLGN ). shares shot up 107% to $0.36.

Shares of Zapp Electric Vehicles Group Limited ( ZAPP ) got a boost, surging 58% to $4.31.

MediWound Ltd ( MDWD ). shares were also up, gaining 61% to $22.70.

Equities Trading DOWN

Adamas One Corp ( JEWL ) shares dropped 21% to $0.3648.

Shares of Cyngn Inc ( CYN ). were down 18% to $4.4101.

Vicinity Motor Corp ( VEV ). was down, falling 15% to $0.4799.

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Commodities

In commodity news, oil traded down 0.1% to $83.80 while gold traded up 0.1% at $2,370.70.

Silver traded up 0.1% to $30.845 on Friday, while copper rose 3.4% to $4.6870.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.3%, Germany's DAX rose 0.8% and France's CAC 40 climbed 0.3%. Spain's IBEX 35 Index fell 0.4%, while London's FTSE 100 fell 0.1%.

Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK's Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei falling 0.01%, Hong Kong's Hang Seng Index declining 1.27%, China's Shanghai Composite Index falling 0.26% and India's S&P BSE Sensex declining 0.07%.

The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.

Economics

Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.

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