Dow plunges nearly 475 points; Nasdaq buoyed by late tech gains
The Nasdaq initially appeared headed for a soundly negative session, but big tech found its footing as the day went on
4:10pm: Amazon and Netflix carry Nasdaq to flat
The Dow closed down 474 points, 1.4%, at 34,269. The Nasdaq ended just 12 points lower at 13,389, and the S&P 500 lost 36 points to end at 4,152.
Tech shares stumbled out of the gate, and initially the Nasdaq appeared headed for a negative day, but the index found its footing led by Amazon.com (NASDAQ:AMZN) and Netflix Inc (NASDAQ:NFLX), both of which saw shares gain more than 1%.
FTSE 100 closes ahead as US jobs miss boosts shares
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775
FTSE 100 closes up at 7,129
Flight prices to Portugal jump 10-fold
US adds 266,000 jobs instead of 1mln
5.10pm: FTSE closes ahead
FTSE 100 closed Friday ahead as Wall Street headed north too as the big miss on the US monthly jobs number convinced traders the US central bank wouldn t change direction any time soon.
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775.
Dow and S&P 500 soar to a record close despite April jobs miss
Employers added just 266,000 jobs last month, while unemployment rose to 6.1% Reuters had predicted that April US non-farm payrolls (NFP) would increase by 978,000 jobs after rising by 916,000 in March
4:05pm: Missed expectations on job data doesn t slow Wall Street
The Dow closed Friday up 228 points, 0.7%, at 34,776, a record finish. The S&P 500 gained 31 points, 0.7%, to 4,232, also a record, and the Nasdaq improved 119 points, 0.9%, to 13,752.
Investors had to grapple with a major jobs miss as employers added just 266,000 jobs last month, well below Street expectations of roughly 1 million, while unemployment rose to 6.1%.
NA Proactive news snapshot: KWESST Micro Systems, Sassy Resources, Power REIT, Delta 9 Cannabis UPDATE …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
KWESST Micro Systems Inc (CVE:KWE) (OTCQB:KWEMF) announced plans to hold an investor update call at 2 pm ET on Tuesday, May 11. Executive Chairman David Luxton will describe the significance of the company s acquisition of Low Energy Cartridge (LEC) systems and the go-to-market strategy for the LEC, the world s first cartridge based non-lethal weapon system. Interested parties can email questions to investors@kwesst.com prior to or during the meeting. To dial in, call 647-374-4685 in Canada or 929-205-6099 in the US. One priority for KWESST is to begin the commercialization of the LEC system with an accelerated plan in response to market interest and high growth across all segments of the non-lethal market. In this market
NA Proactive news snapshot: KWESST Micro Systems, Sassy Resources, Power REIT, Delta 9 Cannabis UPDATE …
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
KWESST Micro Systems Inc (CVE:KWE) (OTCQB:KWEMF) announced plans to hold an investor update call at 2 pm ET on Tuesday, May 11. Executive Chairman David Luxton will describe the significance of the company s acquisition of Low Energy Cartridge (LEC) systems and the go-to-market strategy for the LEC, the world s first cartridge based non-lethal weapon system. Interested parties can email questions to investors@KWESST.com prior to or during the meeting. To dial in, call 647-374-4685 in Canada or 929-205-6099 in the US. One priority for KWESST is to begin the commercialization of the LEC system with an accelerated plan in response to market interest and high growth across all segments of the non-lethal market. In this market