Dow Falls Over 100 Points; US Adds 336,000 Jobs In September

U.S. stocks traded lower this morning, following the release of jobs data for September.

Following the market opening Friday, the Dow traded down 0.44% to 32,974.35 while the NASDAQ fell 0.69% to 13,129.06. The S&P 500 also fell, dropping, 0.61% to 4,232.34.

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Leading and Lagging Sectors

Materials shares rose by 0.02% on Friday.

In trading on Friday, utilities shares dipped by around 2.1%.

Top Headline

U.S. nonfarm payrolls rose by 336,000 in September, versus a revised 227,000 increase in August, and compared to market estimates of 170,000. The unemployment rate came in unchanged at 3.8% in September, above market estimates of 3.7%.

Equities Trading UP

ParaZero Technologies Ltd. PRZO shares shot up 81% to $1.17 after the company and its partner OVRL announced the first-ever authorization from Australia's Civil Aviation Safety Agency (CASA) for drones to operate over populated areas and near people when using ParaZero safety systems.

Shares of Applied UV, Inc. AUVI got a boost, shooting 21% to $0.3716. Applied UV said its new product, the Airocide® Pro+ air purification system for food preservation, will be on display at the Global Produce & Floral Show at the Anaheim Convention Center in California.

RVL Pharmaceuticals plc RVLP shares were also up, gaining 29% to $0.1415, after falling 5% on Thursday.

Equities Trading DOWN

VivoPower International PLC VVPR shares dropped 32% to $2.18. VivoPower recently announced a 1-for-10 reverse stock split.

Shares of OMNIQ Corp. OMQS were down 45% to $0.8602 after the company priced its public offering of 3 million common shares at $1 per share.

Save Foods, Inc. SVFD was down, falling 26% to $2.8110. Save Foods recently increased its investment in Plantify Foods, Inc. by 55,004,349 common shares, becoming Plantify Foods' largest shareholder.

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Commodities

In commodity news, oil traded down 0.1% to $82.29 while gold traded down 0.1% at $1,831.60.

Silver traded up 1.1% to $21.24 on Friday while copper rose 1.6% to $3.6080.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 fell 0.1% London’s FTSE 100 gained 0.1% while Spain’s IBEX 35 Index fell 0.2% The German DAX fell 0.1% French CAC 40 slipped 0.1%, while Italy’s FTSE MIB Index rose 0.3%.

France’s current account deficit shrank to EUR 0.8 billion in August from EUR 1.8 billion a month ago, while trade deficit rose slightly to €8.2 billion in August versus a revised €8.1 billion in the prior month.

The Halifax House Price Index for the UK fell by 4.7% year-over-year in September versus a revised 4.5% decline in August. Factory orders in Germany rose 3.9% month-over-month in August versus an 11.3% decline in July.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan’s Nikkei 225 falling 0.26% and Hong Kong’s Hang Seng Index rising 1.58%. India’s S&P BSE Sensex, meanwhile, rose 0.7%.

The Reserve Bank of India held its benchmark policy repo at 6.5% at its recent meeting. Hong Kong’s foreign exchange reserves fell to $415.7 billion in September from $418.4 billion in the prior month.

The index of leading economic indicators in Japan rose to 109.5 in August from a final reading of 108.2 in the previous month, while household spending in Japan fell 2.5% year-over-year in August. Average cash earnings in Japan rose by 1.1% year-over-year for August.

Economics

U.S. nonfarm payrolls rose by 336,000 in September, versus a revised 227,000 increase in August, and compared to market estimates of 170,000.

The unemployment rate came in unchanged at 3.8% in September, above market estimates of 3.7%.

Average hourly earnings increased by 0.2% to $33.88 in September, the same pace as in the previous month and below market estimates of a 0.3% rise.

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