Gold Moves Higher; OMNIQ Shares Plunge

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 300 points on Friday.

The Dow traded up 1.01% to 33,455.53 while the NASDAQ rose 1.62% to 13,433.35. The S&P 500 also rose, gaining, 1.29% to 4,313.19.

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Leading and Lagging Sectors

 

Information technology shares rose by 1.8% on Friday.

In trading on Friday, consumer staples shares fell by around 0.7%.

 

 

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 53% to $0.9901 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 Vaccinex, Inc. VCNX got a boost, shooting 33% to $1.0896 after two insider buys were reported after the close on Thursday.

Applied UV, Inc. AUVI shares were also up, gaining 33% to $0.4071 after the company announced its new product, the Airocide Pro+ air purification system for food preservation, will be on display at the Global Produce & Floral Show.

 

Equities Trading DOWN

CalAmp Corp. CAMP shares dropped 33% to $0.3048 after the company reported a second-quarter revenue miss. Additionally, Craig-Hallum downgraded the stock to Hold.

Shares of OMNIQ Corp. OMQS were down 48% to $0.81 after the company priced its public offering of 3 million common shares at $1 per share.

ShiftPixy, Inc. PIXY was down, falling 18% to $1.0671 after the company announced a $2.5 million registered direct offering and concurrent private placement.

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Commodities

 

In commodity news, oil traded up 0.2% to $82.47 while gold traded up 0.8% at $1,845.50.

Silver traded up 3.3% to $21.705 on Friday while copper rose 2.3% to $3.6340.

 

Euro zone

 

European shares closed higher today. The eurozone’s STOXX 600 rose 0.82% London’s FTSE 100 gained 0.58% while Spain’s IBEX 35 Index rose 0.85% The German DAX rose 1.06% French CAC 40 gained 0.88%, while Italy’s FTSE MIB Index rose 1.16%.

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.

The total number of active U.S. oil rigs slipped by 5 to 497 rigs this week, Baker Hughes Inc reported.

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