financetom
World
financetom
/
World
/
Crude Oil Rises; Onconetix Shares Spike Higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Crude Oil Rises; Onconetix Shares Spike Higher
Oct 3, 2024 12:06 AM

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday.

The Dow traded up 0.26% to 42,285.93 while the NASDAQ fell 0.59% to 18,083.01. The S&P 500 also fell, dropping, 0.25% to 5,731.09.

Check This Out: Micron To $150? Here Are 10 Top Analyst Forecasts For Friday

Leading and Lagging Sectors

Energy shares jumped by 1.3% on Friday.

In trading on Friday, information technology shares fell by 1%.

Top Headline

The total number of active U.S. oil rigs fell by four to 484 rigs this week, Baker Hughes Inc reported

Equities Trading UP

                       

IonQ, Inc. ( IONQ ) shares shot up 16% to $9.36 after the company announced it signed a $54.5 million contract with the United States Air Force Research Lab.

Shares of Onconetix, Inc. ( ONCO ) got a boost, surging 56% to $5.28. Altos Venture reported a 32.5% stake in the company as of September 24 in a 13D filing on Thursday.

Rocket Lab USA, Inc. ( RKLB ) shares were also up, gaining 12% to $9.75 after Keybanc raised its price target on the stock from $8 to $11.

Equities Trading DOWN

Seelos Therapeutics, Inc ( SEEL ) shares dropped 19% to $4.07. Seelos announced postponement of its annual meeting of stockholders.

Shares of enVVeno Medical Corporation ( NVNO ) were down 25% to $4.07 after the company announced the pricing of a $15 million public offering of 4.3 million shares at $3.50 per share.

Acadia Healthcare Company, Inc. ( ACHC ) was down, falling 16% to $63.46 after the company issued a statement stating they are cooperating fully with the authorities regarding a government investigation.

Commodities

In commodity news, oil traded up 0.8% to $68.18 while gold traded down 0.9% at $2,670.50.

Silver traded down 1.4% to $31.88 on Friday, while copper fell 1% to $4.5930.

Euro zone

European shares closed higher today. The eurozone's STOXX 600 gained 0.47%, Germany's DAX climbed 1.22% and France's CAC 40 jumped 0.64%. Spain's IBEX 35 Index rose 0.12%, while London's FTSE 100 rose 0.43%.

The industry confidence indicator in Spain climbed by 2.8 points from the prior month to a reading of -0.7 in September. Industrial producer prices in Italy declined by 0.8% year-over-year in August.

The economic sentiment indicator in the Eurozone slipped to 96.2 in September from 96.5 in August, while services sentiment indicator climbed to a four-month high level of 6.7 in September. The consumer confidence indicator in the Eurozone gained by 0.5 points to -12.9 in September.

Asia Pacific Markets

Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 jumping 2.32%, Hong Kong's Hang Seng Index jumping 3.55%, China's Shanghai Composite Index gaining 2.88% and India's BSE Sensex falling 0.31%.

Hong Kong’s trade deficit widened to $33.1 billion in August versus $25.6 billion in the year-ago month. The People’s Bank of China slashed the reserve requirement ratio for banks by 50bps.

Economics

U.S. wholesale inventories increased 0.2% month-over-month to $905.7 billion in August compared to a revised 0.2% rise in the prior month.

The U.S. trade deficit in goods narrowed to $94.3 billion in August versus a revised $102.8 billion gap in the previous month.

U.S. personal income rose by 0.2% from the prior month to $24.015 trillion in August compared to a 0.3% gain in the previous month.

Personal spending rose by 0.2% month-over-month in August.

The US core PCE price index increased by 0.1% from the prior month in August compared to market estimates of a 0.2% increase and versus the 0.2% gain in the previous month.

The total number of active U.S. oil rigs fell by four to 484 rigs this week, Baker Hughes Inc reported.

Now Read This:

Top 3 Real Estate Stocks That Are Preparing To Pump This Month

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japanese yen surges, ringing intervention alarm bells
Japanese yen surges, ringing intervention alarm bells
Jul 11, 2024
* Yen set for biggest one-day rally since 2022 * US CPI data triggers FX frenzy * Traders assess chances of official Japan intervention (Updates with comment, graphic; refreshes prices) LONDON, July 11 (Reuters) - The Japanese yen surged nearly 3% on Thursday in its biggest daily rise since late 2022, a move that local media attributed to a round...
EMERGING MARKETS-Latam currencies flat with Banxico minutes, Peru rate decision in focus
EMERGING MARKETS-Latam currencies flat with Banxico minutes, Peru rate decision in focus
Jul 11, 2024
* Peru's central bank expected to leave interest rates unchanged * Brazil's retail sales unexpectedly rise to record high in May * Latam stocks up 0.2%, FX off 0.3% * Kenyan president sacks cabinet, bowing to pressure from protests (Updated at 1535 GMT) By Johann M Cherian July 11 (Reuters) - Most Latin American currencies hovered around the unchanged mark...
EMERGING MARKETS-Latam currencies flat as investors await Banxico minutes, Peru rate decision
EMERGING MARKETS-Latam currencies flat as investors await Banxico minutes, Peru rate decision
Jul 11, 2024
(Updated at 1458 GMT) * Peru's central bank expected to leave interest rates unchanged * Brazil's retail sales unexpectedly rise to record high in May * Latam stocks up 0.4%, FX off 0.1% * Kenyan president sacks cabinet, bowing to pressure from protests By Johann M Cherian July 11 (Reuters) - Currencies across most Latin American economies see-sawed not far...
European Equities Traded in the US as American Depositary Receipts Rise Slightly in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Rise Slightly in Thursday Trading
Jul 11, 2024
11:17 AM EDT, 07/11/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending slightly higher late Thursday morning, rising 0.19% to 1,460.27 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biotech firm BioNTech (BNTX) and biopharmaceutical company Genfit ( GNFT ) , which rose 3% and 2.6%,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved