Midway through trading Friday, the Dow traded up 0.33% to 34,747.45 while the NASDAQ rose 0.50% to 14,594.85. The S&P also rose, gaining 0.47% to 4,340.12.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,680,520 cases with around 605,030 deaths. India confirmed a total of at least 30,458,250 cases and 400,310 deaths, while Brazil reported over 18,622,300 COVID-19 cases with 520,090 deaths. In total, there were at least 182,685,990 cases of COVID-19 worldwide with more than 3,956,750 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Information technology shares jumped by 1.1% on Friday. Meanwhile, top gainers in the sector included Marin Software Incorporated MRIN, up 36%, and Cerence Inc. CRNC, up 12%.
In trading on Friday, energy shares fell 0.7%.
Top Headline
The US economy added 850,000 jobs in June, recording the strongest job growth in ten months. The US unemployment rate rose to 5.9% in June.
Equities Trading UP
Eco Wave Power Global AB WAVE shares shot up 152% to $27.36. A 13G filing from Alpha Capital showed an 8.7% stake in company.
Shares of Alector, Inc. ALEC got a boost, shooting 62% to $36.24. Alector and GlaxoSmithKline have announced a global collaboration for the development and commercialization of two monoclonal antibodies designed to elevate progranulin (PGRN) levels.
TAT Technologies Ltd. TATT shares were also up, gaining 42% to $8.43 after the company announced a new MRO partnership with Honeywell.
Check out these big movers of the day
Equities Trading DOWN
Iterum Therapeutics plc ITRM shares tumbled 34% to $1.5077 after the company received a letter from the FDA regarding the sulopenem etzadroxil/probenecid marketing application review for uncomplicated urinary tract infections. The agency has identified deficiencies that preclude the discussion of labeling and post-marketing requirements/commitments at this time..
Shares of Arrowhead Pharmaceuticals, Inc. ARWR were down 28% to $61.50 after the company voluntarily paused the AROENaC1001 Phase 1/2 study evaluating ARO-ENaC for cystic fibrosis. The decision comes after receiving a preliminary update from an ongoing chronic toxicology study in rats that showed unexpected signals of local lung inflammation.
Alterity Therapeutics Limited ATHE was down, falling 25% to $1.6123. Alterity Therapeutics Australia filing showed a proposed offering of 322,857,900 shares. Alterity Therapeutics shares jumped around 65% on Thursday after the company announced it was granted a new US patent targeting major neurodegenerative diseases including Alzheimer's and Parkinson's.
Commodities
In commodity news, oil traded down 0.1% to $75.16, while gold traded up 0.4% to $1,783.50.
Silver traded up 1.6% Friday to $26.525 while copper rose 1% to $4.2770.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 gained 0.26%, the Spanish Ibex Index fell 0.34% and the German DAX 30 gained 0.3%. Meanwhile, the London’s FTSE 100 fell 0.03%, French CAC 40 slipped 0.01% and Italy’s FTSE MIB slipped 0.01%.
French government budget deficit rose slightly to EUR 118.8 billion in January-May, from EUR 117.9 billion in the year-ago period. Spain’s unemployment declined by 166,911 from a month ago to 3.61 million in June.
Economics
The US economy added 850,000 jobs in June, recording the strongest job growth in ten months. The US unemployment rate rose to 5.9% in June.
The trade deficit increased to $71.2 billion in May from a revised $69.1 billion in the previous month.
US factory orders rose 1.7% in May following a revised 0.1% decline in the prior month.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
