U.S. stocks traded lower, with the Dow Jones dropping over 150 points on Friday.
The Dow traded down 0.51% to 33,881.69 while the NASDAQ fell 1.32% to 12,039.79. The S&P 500 also fell, dropping, 0.98% to 4,138.89.
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Leading and Lagging Sectors
- Energy shares slipped by just 0.1% on Friday. Meanwhile, top gainers in the sector included TORM plc (NASDAQ:TRMD), up 6%, and NGL Energy Partners LP (NYSE:NGL), up 6%.
- In trading on Friday, real estate shares dipped by 3%.
Top Headline
The US economy unexpectedly added 517,000 jobs in January, the most since July, while the unemployment rate declined to 3.4% in January.
Equities Trading UP
- ReShape Lifesciences Inc. (NASDAQ:RSLS) shares shot up 122.2% to $14.00 after the company filed a Form RW to withdraw registration of an offering.
- Shares of Structure Therapeutics Inc. (NASDAQ:GPCR) got a boost, shooting 69% to $25.35. Structure Therapeutics announces pricing of $161.1m upsized initial public offering of 10.74 million American Depositary shares at a price of $15 per ADS.
- Structure (NYSE:BBAI) shares were also up, gaining 43% to $5.16. Shares of artificial intelligence (AI) and artificial intelligence-related stocks traded higher amid popularity on social media as AI continues to trend.
Equities Trading DOWN
- Gaucho Group Holdings, Inc. (NASDAQ:VINO) shares tumbled 48% to $2.79. Gaucho Group recently announced $44 million equity line of credit.
- Shares of Edible Garden AG Incorporated (NASDAQ:EDBL) were down 45% to $4.56 after the company announced pricing of an upsized $10.2 million underwritten public offering.
- MDxHealth SA (NASDAQ:MDXH) was down, falling 42% to $3.63 after the company reported pricing of offering of ADSs in the United States.
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Commodities
In commodity news, oil traded down 3% to $73.59 while gold traded down 2.7% at $1,878.50.
Silver traded down 5.1% to $22.425 on Friday while copper fell 0.9% to $4.0540.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 gained 0.34%, London’s FTSE 100 rose 1.04% while Spain’s IBEX 35 Index fell 0.04%. The German DAX fell 0.21% French CAC 40 rose 0.94% and Italy’s FTSE MIB Index fell 0.55%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.39%, Hong Kong’s Hang Seng Index dropping 1.36% and China’s Shanghai Composite Index falling 0.68%. India’s S&P BSE Sensex gained 1.5%.
Economics
- The US economy unexpectedly added 517,000 jobs in January, the most since July, while the unemployment rate declined to 3.4% in January.
- The S&P Global services PMI was revised higher to 46.8 in January from a preliminary reading of 46.6.
- The ISM services PMI rose to 55.2 in January.
