Dow jumps 400 points; US economy adds 253,000 jobs in April – Baosheng…

Dow jumps 400 points; US economy adds 253,000 jobs in April – Baosheng…


US stocks traded higher this morning with the Dow Jones gaining over 400 points on Friday.

After Friday’s market open, the Dow was up 1.26% to 33,544.63, while the NASDAQ was up 1.33% to 12,125.04. The S&P 500 was also up 1.26% to 4,112.45.

Look at that: Top 5 consumer stocks that could shoot higher this month

Leading and lagging sectors

  • Energy stocks rose 3.2% on Friday. Meanwhile top winner in the sector included Enviva Inc. Eveby 13% and SandRidge Energy, Inc. SDincreased by 10%.
  • In Friday trading, shares in communications services fell 0.2%.

top heading

The US economy added 253k jobs in April, beating market expectations of 180k versus a revised 165k gain in March. The unemployment rate fell to 3.4% in April versus market expectations of 3.6%. Average hourly earnings rose 0.5% in April to $33.36.

Stock trading UP

  • Nanobiotix SA NBTX Shares soared 155% to $5.11 after the company announced that it will enter final contract negotiations after agreeing a non-binding term sheet for the development and commercialization of NBTXR3 with a major global pharmaceutical company.
  • shares of Leju Holdings Limited LEJU got a boost and shot up 54% to $3.90.
  • Baosheng Media Group Holdings Limited BAOS Shares also rose, gaining 49% to $9.19.

Stocks are trading down

  • Soligenix, Inc. SNGX Shares fell 49% to $1.16. Soligenix priced its public offering of 6,538,500 shares at $1.30 per share.
  • shares of DermTech, Inc. DMTK fell 34% to $2.07 after the company reported a higher-than-expected quarterly loss.
  • AlTi Global, Inc. HEIGHT was down, falling 26% to $4.69 after the company announced the start of the exchange offering and obtaining consent related to warrants.

Also check out: Will the booking backlog increase by around 18%? Here are 10 more analyst forecasts for Friday

raw materials

On commodities news, oil rose 4.3% to $71.53 while gold fell 2.3% to $2,008.30.

Silver fell 3% to $25.45…


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