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. (NASDAQ: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. (NASDAQ: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 (NASDAQ:RVLP) shares were also up, gaining 29% to $0.1415, after falling 5% on Thursday.
Equities Trading DOWN
VivoPower International PLC (NASDAQ:VVPR) shares dropped 32% to $2.18. VivoPower recently announced a 1-for-10 reverse stock split.
Shares of OMNIQ Corp. (NASDAQ: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. (NASDAQ: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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