Gold Moves Higher; OMNIQ Shares Plunge

Comments
Loading...

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.

Check This Out: Top 4 Health Care Stocks That Are Preparing To Pump This Quarter

 

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.

Also Check This Out: These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

 

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.

Now Read This: HP, Zoom Video And 2 Other Stocks Insiders Are Selling

Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!