Nasdaq Gains Over 300 Points; US Employers Cut 23,000 Jobs In July
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 300 points on Friday. The Dow traded up 0.30% to 54,048.67 while the NASDAQ rose 1.20% to 26,663.54. The S&P 500 also rose, gaining, 0.58% to 7,754.64. Leading and Lagging Sectors Materials shares jumped by 1.5% on Friday. In trading on Friday, energy stocks fell by 1.4%. Top Headline The U.S. labor market unexpectedly weakened in July as a surge in government layoffs pushed overall job growth into negative territory. Nonfarm payrolls contracted by 23,000 in July, against a consensus estimate of 83,000 and down from June's downwardly revised 20,000, data published Friday by the Bureau of Labor Statistics showed. The unemployment rate came in at 4.1%, versus the 4.2% economists expected. Equities Trading UP Doximity Inc (NYSE: DOCS ) shares shot up 39% to $28.64 after the company repo...
S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 300 points on Friday. 54. 64.
5% on Friday. 4%. S. labor market unexpectedly weakened in July as a surge in government layoffs pushed overall job growth into negative territory.
Nonfarm payrolls contracted by 23,000 in July, against a consensus estimate of 83,000 and down from June's downwardly revised 20,000, data published Friday by the Bureau of Labor Statistics showed. 2% economists expected. 64 after the company reported better-than-expected first-quarter sales results and raised its FY27 sales guidance above estimates. 98 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
35 after the company reported second-quarter results. 46 after the company reported second-quarter financial results and cut its FY26 guidance below estimates. 70. 6045.
Euro zone European shares were mostly higher today. 17%. 58%. Economics Nonfarm payrolls contracted by 23,000 in July, against a consensus estimate of 83,000 and down from June's downwardly revised 20,000, data published Friday by the Bureau of Labor Statistics showed.
2% economists expected. 5% predicted. Photo via Shutterstock