Dow Falls Over 100 Points; US Economy Adds 162,000 Jobs In August - BioXcel Therapeutics (NASDAQ:BTAI), I

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U.S. stocks traded mixed this morning, with the Dow Jones index falling over 100 points on Friday.

Following the market opening Friday, the Dow traded down 0.24% to 53,559.76 while the NASDAQ gained 0.04% to 26,595.11. The S&P 500 also fell, dropping, 0.08% to 7,741.67.

Leading and Lagging Sectors

Information technology shares jumped by 0.7% on Friday.

In trading on Friday, energy stocks fell by 1.5%.

Top Headline

The U.S. economy created 162,000 jobs in August, sharply beating estimates of 56,000 and pointing to strengthening labor market conditions.

The unemployment rate held at 4.1%, matching expectations. Average hourly earnings rose 0.3% month-over-month, matching forecasts, taking the annual pace to 3.1% from 3.2% in July.

Equities Trading UP
           

Immuron Ltd – ADR (NASDAQ: IMRN ) shares shot up 63% to $1.81 after the company announced an exclusive US distribution agreement for PROIBS with Calmino group. Shares of CDT Environmental Technology (NASDAQ: CDTG ) got a boost, surging 46% to $1.31. American Outdoor Brands Inc (NASDAQ: AOUT ) shares were also up, gaining 39% to $13.90 after the company announced better-than-expected first-quarter fiscal 2027 results. Trending

Equities Trading DOWN

Intercont (Cayman) Ltd (NASDAQ: NCT ) shares dropped 48% to $0.27. Shares of Turbogen Ltd (NASDAQ: TRBG ) were down 41% to $7.04. BioXcel Therapeutics Inc (NASDAQ: BTAI ) was down, falling 24% to $0.090.

Commodities

In commodity news, oil traded down 2.6% to $88.96 while gold traded down 1.8% at $4,460.50.

Silver traded down 2.1% to $66.270 on Friday, while copper rose 0.1% to $6.6715.

Euro zone

European shares were mixed today. The eurozone’s STOXX 600 rose 0.1%, while Spain’s IBEX 35 Index rose 0.3%, London’s FTSE 100 slipped 0.1%, Germany’s DAX gained 0.5%, while France’s CAC 40 fell 0.1%.

Asia Pacific Markets

Asian markets closed mostly higher on Friday, with Japan’s Nikkei 225 gaining 1.26%, Hong Kong’s Hang Seng index jumping 1.74%, China’s Shanghai Composite falling 0.30% and India’s BSE Sensex gaining 0.48%.

Economics

The U.S. economy created 162,000 jobs in August, sharply beating estimates of 56,000 and pointing to strengthening labor market conditions. The unemployment rate held at 4.1%, matching expectations. Average hourly earnings rose 0.3% month-over-month, matching forecasts, taking the annual pace to 3.1% from 3.2% in July.

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