SMR - US Stocks Turn Higher; Nasdaq Gains Over 1% | Benzinga
U.S. stocks turned higher midway through trading, following the release of jobs data for September.
The Dow traded up 0.94% to 33,429.87 while the NASDAQ rose 1.25% to 13,385.28. The S&P 500 also rose, gaining, 1.01% to 4,301.15.
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Leading and Lagging Sectors
Information technology shares rose by 1.1% on Friday.
In trading on Friday, consumer staples shares dipped by around 1.2%.
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. (NASDAQ: PRZO) shares shot up 51% to $0.9780 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 NuScale Power Corporation (NYSE: SMR) got a boost, shooting 14% to $5.33 after Standard Power chose the company's approved SMR technology and ENTRA1 Energy to support two projects.
Overstock.com, Inc. (NASDAQ: OSTK) shares were also up, gaining 10% to $17.36 after Director Marcus Lemonis ...