Gold Down 1%; Samsara Shares Spike Higher

U.S. stocks traded lower midway through trading, with the Dow Jones falling around 75 points on Friday.

The Dow traded down 0.22% to 34,319.84 while the NASDAQ fell 0.71% to 11,401.44. The S&P 500 also fell, dropping, 0.47% to 4,057.57.

Also check this: Ethereum Edges Lower But Remains Above This Key Level; Dogecoin Becomes Top Loser


Leading and Lagging Sectors


Energy shares rose by 0.1% on Friday. Leading the sector was strength from Borr Drilling Limited BORR and CONSOL Energy Inc. CEIX.


In trading on Friday, information technology shares fell by 1.4%.


Top Headline

 

The US economy unexpectedly added 263,000 jobs in November, following a revised 284,000 gain in October and also surpassing market estimates of 200,000.


The unemployment rate came in unchanged at 3.7% in November, while average hourly earnings increased by 0.6% to $32.82 in November.

 

Equities Trading UP

 

  • Samsara Inc. IOT shares shot up 18% to $11.67 after the company reported better-than-expected Q3 results and issued FY23 guidance above estimates.
  • Shares of Rigel Pharmaceuticals, Inc. RIGL got a boost, shooting 39% to $0.9475 after the company reported FDA approval of REZLIDHIA for the treatment of adult patients with relapsed or refractory acute myeloid leukemia with a susceptible IDH1 mutation.
  • Anavex Life Sciences Corp. AVXL shares were also up, gaining 44% to $12.80 after the company announced the ANAVEX2-73 Phase 2B/3 study met primary and key secondary endpoints, showing a statistically significant reduction of clinical decline in study of patients with early Alzheimer's disease.

 

Equities Trading DOWN

  • Theratechnologies Inc. THTX shares tumbled 37% to $1.33 after the company announced it decided to pause the enrollment of patients in its Phase 1 clinical trial of TH1902.
  • Shares of Asana, Inc. ASAN were down 12% to $15.83 after the company issued Q4 and FY23 sales guidance below estimates.
  • RedHill Biopharma Ltd. RDHL was down, falling 29% to $0.2596 after the company priced an $8 million underwritten public offering.


Also check out: Dow Drops Nearly 200 Points But Market Volatility Eases


Commodities

In commodity news, oil traded up 0.8% to $81.88 while gold traded down 1% at $1,797.50.


Silver traded up 0.3% to $22.90 on Friday while copper fell 0.6% to $3.7960.

 


Euro zone


European shares were mixed today. The eurozone’s STOXX 600 fell 0.13%, London’s FTSE 100 rose 0.02% while Spain’s IBEX 35 Index fell 0.28%. The German DAX gained 0.46%, French CAC 40 fell 0.17% and Italy’s FTSE MIB Index fell 0.22%.


Producer prices in the Eurozone declined 2.9% from a month ago in October versus a 1.6% increase in the previous month. French government budget deficit widened to EUR 143.2 billion in January-October compared to EUR 171.6 billion in the year-ago period. Industrial production in France dropped by 2.6% from the earlier month in October.


The trade surplus in Germany narrowed to €5.3 billion in October from €12.5 billion in the year-ago period.

 

Asia Pacific Markets


Asian markets closed lower on Friday, with the Japan’s Nikkei dropping 1.59% and Hong Kong’s Hang Seng Index falling 0.33%. China’s Shanghai Composite Index dropped 0.29%.

Retail sales in Australia dropped by 0.2% from a month ago to AUD 35.02 billion in October versus a growth of 0.6% in September.

 

Economics


The US economy unexpectedly added 263,000 jobs in November, following a revised 284,000 gain in October and also surpassing market estimates of 200,000. The unemployment rate came in unchanged at 3.7% in November, while average hourly earnings increased by 0.6% to $32.82 in November.

 

Check out this: Investor Sentiment Drops Ahead Of US Jobs Report


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 100,743,390 cases with around 1,106,370 deaths. India confirmed a total of at least 44,673,980 cases and 530,620 deaths, while France reported over 37,916,050 COVID-19 cases with 159,020 deaths. In total, there were at least 648,749,110 cases of COVID-19 worldwide with more than 6,642,930 deaths.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksEurozoneCommoditiesSmall CapGlobalIntraday UpdateMarketsMid-Day Market Update
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...