Dow increases by 300 points; Omeros shares crumble

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Midway through Friday’s session, the Dow Jones traded up 0.88% to 34,141.74 while the NASDAQ rose 0.12% to 14,465.49. The S&P also rose, gaining 0.58% to 4,332.44.

The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 43,459,970 cases with an estimated 697,840 deaths. India has confirmed a total of at least 33,766,700 cases and 448,330 deaths, while Brazil has reported more than 21,427,070 cases of COVID-19 with 596,740 deaths. In total, there have been at least 233,799,140 cases of COVID-19 worldwide with more than 4,784,200 deaths, according to data compiled by Johns Hopkins University.

Sectors ahead and behind

Energy stocks jumped 2.5% on Friday. Meanwhile, the top winners of the sector included PEDEVCO Corp. (NYSE: PED), up 12% and Tsakos Energy Navigation Limited (NYSE: TNP) up 10%.

In Friday trading, healthcare stocks fell 0.5%.

Superior title

The ISM manufacturing PMI rose to 61.1 in September, compared to 59.6 according to analysts’ estimates.

Bullish stock trading

Biomerica, Inc. (NASDAQ: BMRA) Shares jumped 38% to $ 6.21. Biomerica has entered into a supplier agreement with Walmart to sell its EZ Detect colorectal disease test within the Walmart retail system.

Actions of Atea Pharmaceuticals, Inc. (NASDAQ: AVIR) got a boost from 22% to $ 42.86 following data from Merck & Co’s experimental oral antiviral molnupiravir, which boosted sentiment for Atea’s AT-527 Pharmaceutical, an oral antiviral drug candidate.

SunPower Corporation (NASDAQ: SPWR) also rose, gaining 11% to $ 25.19. SunPower will replace Cimarex Energy in the S&P MidCap 400 as of Tuesday, October 5.

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Downward trading of stocks

Spire Global, Inc. (NYSE: SPIR) Shares fell 42% to $ 7.25. Spire Global, Inc. recently appointed Dr. Kevin Petty as Vice President of Weather.

Actions of Oméros Company (NASDAQ: OMER) fell 42% to $ 8.03 after the company announced that the FDA informed it that it had identified gaps that prevent discussion of labeling and post-requirements / commitments. marketing at the moment.

Adagio Therapeutics, Inc. (NASDAQ: ADGI) was down, falling 35% to $ 27.39. Adagio Therapeutics recently announced new data from its COVID-19 antibody program.

Merchandise

In the commodities news, oil traded up 0.4% to $ 75.35, while gold traded up 0.3% to $ 1,763.00.

Silver traded up 2.4% to $ 22.575 on Friday while copper rose 2.3% to $ 4.1815.

Eurozone

European stocks were mostly down today. The Eurozone STOXX 600 fell 0.42%, the Spanish Ibex index rose 0.04% and the German DAX 30 fell 0.68%. Meanwhile, London’s FTSE 100 fell 0.84%, France’s CAC 40 fell 0.04% and Italy’s FTSE MIB slipped 0.27%.

The IHS Markit manufacturing PMI for France fell to 55 in September from 57.5 the previous month, while the Spanish manufacturing PMI slipped to 58.1 in September from 59.5 in August.

Germany’s retail sales rose 1.1% in August, while the manufacturing PMI fell to 58.4 in September from a preliminary level of 58.5.

Economy

Personal spending rose 0.8% month over month in August, while personal income rose 0.2%.

The IHS Markit manufacturing PMI was revised up to 60.7 in September, from a preliminary reading of 60.5.

The ISM manufacturing PMI rose to 61.1 in September, compared to 59.6 according to analysts’ estimates.

Construction spending was virtually unchanged at an annual rate of $ 1.584 billion in August.

The University of Michigan consumer confidence index was revised up to 72.8 in September, from a preliminary level of 71.

Baker Hughes’ North American rig count report for the past week will be released at 1 p.m. ET.

Cleveland Fed President Loretta Mester will speak at 1 p.m. ET.

Check out the full economic calendar here

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