MDIA - Dow Jumps Over 100 Points; US Economy Adds 303000 Jobs In March | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.30% to 38,713.29 while the NASDAQ rose 0.35% to 16,105.67. The S&P 500 also rose, gaining, 0.35% to 5,165.43.
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Leading and Lagging Sectors
Communication services shares jumped by 0.6% on Friday.
In trading on Friday, utilities shares fell by 0.3%.
Top Headline
U.S. employers added 303,000 nonfarm payrolls in March, marking an increase from the 270,000 reading in February and surpassing the expected 212,000, the Bureau of Labor Statistics said Friday.
The unemployment rate slowed from 3.9% to 3.8%, easing more than expected.
Equities Trading UP
MediaCo Holding Inc. (NASDAQ: MDIA) shares shot up 126% to $3.17 after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.
Shares of GCT Semiconductor Holding, Inc. (NASDAQ: GCTS) got a boost, surging 67% to $9.56 after the company and Aramco signed an MOU to accelerate the development of the ...