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US stocks traded lower this morning following the release of the April jobs report.

After Friday’s market open, the Dow Jones traded down 1.21% to 32,598.81 while the NASDAQ fell 1.91% to 12,083.03. The S&P also fell, falling 1.41% to 4,088.22.

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Leading and Lagging Sectors

Energy stocks slid just 0.2% on Friday. Meanwhile, top earners in the industry included DMC Global Inc. BOOMup 8% and Borr Drilling Limited BORR up 3%.

In Friday’s trading, materials stocks fell 2.4%.


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The US economy created 428,000 jobs in April versus a revised 428,000 in March. However, analysts expected a gain of 391,000 jobs. The unemployment rate remained unchanged at 3.6% in April.

Stock exchange rising


Vinco Ventures, Inc. BIG shares jumped 18% to $3.04. Vinco Ventures has set the record date of May 18, 2022 for the dividend of shares related to the Cryptyde deal. The dividend is expected to be distributed on May 27, 2022.

Shares of iRhythm Technologies, Inc. IRTC received a boost, rising 16% to $137.48 after the company reported better-than-expected first-quarter sales results and released FY22 revenue guidance above analysts’ estimates.


Adtalem Global Education Inc. ATGE shares also rose, gaining 20% ​​to $33.94 after the company reported upbeat third-quarter results.


Stock trading down

The Joint Corp. JYN shares fell 46% to $15.00 after the company reported lackluster first-quarter results.

Shares of Endo International plc ENDP fell 35% to $1.3150 after the company announced its first-quarter results and released its second-quarter guidance.


Meten Holding Group Ltd. METX was lower, falling 32% to $1.83 on the effectiveness of the 1-for-30 reverse stock split.

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Merchandise

In commodities news, oil traded down 0.3% at $109.11, while gold traded up 0.1% at $1,876.80.

Silver rose 0.3% to $22.37 on Friday while copper fell 0.7% to $4.2610.

Eurozone

European stocks were down today. The Eurozone STOXX 600 fell 1.3%, London’s FTSE 100 fell 0.8% and Spain’s IBEX 35 index fell 0.7%. The German DAX fell by 1.1%, the French CAC 40 by 1.3% and the Italian FTSE MIB index by 0.3%.

The S&P Global/CIPS UK construction PMI fell to a three-month low of 58.2 in April, while the Halifax house price index climbed 10.8% in April. year-on-year in April. Industrial production in Spain rose 0.1% year-on-year in March, while industrial production in Germany fell 3.9% month-on-month in March. Retail sales in Italy fell 0.5% in March.


Economy

The US economy created 428,000 jobs in April against a revised 428,000 in March. However, analysts expected a gain of 391,000 jobs. The unemployment rate remained unchanged at 3.6% in April.

Minneapolis Federal Reserve Chairman Neel Kashkari will speak at 11:00 a.m. ET.

Baker Hughes’ North American Platform Count report for the past week will be released at 1:00 p.m. ET.

Consumer credit data for March will be released at 3:00 p.m. ET. Consumer credit is expected to rise $20.0 billion in March after rising $41.9 billion the previous month.

Atlanta Federal Reserve Chairman Raphael Bostic is scheduled to speak at 3:20 p.m. ET.

Federal Reserve Governor Christopher Waller will speak at 7:15 p.m. ET.

Federal Reserve Bank of St. Louis President James Bullard is scheduled to speak at 7:15 p.m. ET.

Federal Reserve Bank of San Francisco President Mary Daly will speak at 8:00 p.m. ET.


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COVID-19 Update

The United States has the highest number of coronavirus cases and deaths in the world, reporting a total of 84,437,150 cases with around 1,023,900 deaths. India has confirmed a total of at least 43,094,540 cases and 523,970 deaths, while Brazil has reported over 30,524,180 COVID-19 cases with 663,960 deaths. In total, there have been at least 515,960,930 cases of COVID-19 worldwide with more than 6,272,390 deaths.