VERO - US Stocks Lower; Nonfarm Payrolls Increase More Than Expected | Benzinga
U.S. stocks traded lower this morning, following the release of jobs data for May.
Following the market opening Friday, the Dow traded down 0.22% to 38,799.25 while the NASDAQ fell 0.43% to 17,098.48. The S&P 500 also fell, dropping, 0.31% to 5,336.48.
Check This Out: Vail Resorts, DocuSign And 3 Stocks To Watch Heading Into Friday
Leading and Lagging Sectors
Communication services shares fell by just 0.1% on Friday.
In trading on Friday, real estate shares dipped by 1.5%.
Top Headline
U.S. nonfarm payrolls increased by 272,000 in May, a slowdown from April's 165,000 and far more than the 180,000 increase anticipated by Econoday.
The unemployment rate inched higher from 3.9% to 4%. Average hourly earnings rose by 4.1% year-over-year, up from 3.9% in April and below the expected 3.9% increase.
Equities Trading UP
- Venus Concept Inc. (NASDAQ:VERO) shares shot up 128% to $1.4153 on continued upward momentum after the stock regained Nasdaq compliance.
- Shares of Trinity Place Holdings Inc. (NYSE:TPHS) got a boost, surging 125% to $0.2769 after declining around 11% on Thursday.
- Leafly Holdings, Inc. (NASDAQ:LFLY) shares were also up, gaining 77% to $3.56.
Equities Trading DOWN
- Biomea Fusion, Inc. (NASDAQ:BMEA) shares dropped 67% to $3.6725 after the United ...