U.S. stocks traded lower this morning following the release of jobs report for the month of June.
Following the market opening Friday, the Dow traded down 0.40% to 31,259.22 while the NASDAQ fell 0.92% to 11,514.48. The S&P also fell, dropping, 0.65% to 3,877.42.
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Leading and Lagging Sectors
Health care shares rose by 0.4% on Friday. Meanwhile, top gainers in the sector included MyMD Pharmaceuticals, Inc. (NASDAQ: MYMD ), up 20% and iRhythm Technologies, Inc. (NASDAQ: IRTC ) up 22%.
In trading on Friday, materials shares dipped by 1.2%.
Top Headline
The US economy added 372,000 payrolls in June, following a revised 384,000 growth in May. Analysts, however, were expecting for a 268,000 gain in jobs. Average hourly earnings for all employees on private nonfarm payrolls increased 0.3% to $32.08 in June. The US unemployment rate came in unchanged at 3.6% in June.
Equities Trading UP
Seritage Growth Properties (NYSE: SRG ) shares shot up 52% to $9.24 after the company appointed Adam Metz as Chairman. Preliminary proxy materials also indicated the board recommended shareholders to approve a proposed plan sale.
Shares of Clovis Oncology, Inc. (NASDAQ: CLVS ) got a boost, shooting 36% to ...
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