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Stock market news for September 4, 2020

Stock market news

“Dow Jones Industrial Average falls 159 points
The Dow fell 159.42 points, or 0.6%, to 28,133.31. The S&P 500 dipped 0.81% to 3,426.96. The Nasdaq Composite slid 1.3%. Stocks gyrated wildly throughout Friday’s session as tech shares tried to recover from a massive sell-off in the previous session. The Dow was down more than 600 points at one point. All the major benchmarks fell for the week as tech shares declined.

U.S. unemployment rate drops
The U.S. unemployment rate fell to 8.4% last month from 10.2% in July, the Labor Department said. Economists polled by Dow Jones expected the rate to decline to 9.8%. As for overall jobs creation, employment in the U.S. grew by 1.37 million in August, topping an estimate of 1.32 million. “The jobs data today were solid,” said Jamie Cox, managing partner at Harris Financial Group. “However, now the real work begins. The next 2-3% of employment gains are going to be very tough because there is no total reopening in sight.”

The report was not enough to push the markets into the green, however.”

Stock market data: CNBC

Stock market close

S&P 500: 3,426.96,-28.10(-0.81%)
Dow 30: 28,133.31,-159.42(-0.56%)
Nasdaq: 11,313.13,-144.97(-1.27%)
Russell 2000: 1,535.30,-9.38(-0.61%)

Stock market volatility

The 10-yr bond yield closed higher at 0.7210+0.0990 (+15.92%).

Stock movers

DocuSign, Inc. (DOCU) stock closed lower more than 10%, with a stock price at the close of 216.26-25.75 (-10.64%).

Stock gainers

Polymet Mining Corp. (PLM):4.40,+ 1.71 +63.57
LMP Automotive Holdings Inc. (LMPX): 17.66,+ 4.25 +31.69%
FBL Financial Group Inc. (FFG): 48.87,+ 11.62 +31.19%

Stock losers

Fuwei Films (Holdings) Co. Ltd. (FFHL): 4.10, -1.61 -28.20%
Cancer Genetics Inc. (CGIX): 4.33, -1.05 -19.52%
Syros Pharmaceuticals Inc. (SYRS): 9.91, -2.04 -17.10%

Most active stocks

Apple Inc. (AAPL): 120.96,+ 0.08 +0.07%
NIO Inc. ADR (NIO): 17.98, -0.72 -3.85%
Tesla Inc. (TSLA): 418.32, +11.32 +2.78%

Stock market source: WSJ



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