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September 01, 2020 10:18am
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Markets Soar On Upbeat Jobs Data

Upbeat jobs data sent the markets soaring to a sharply higher close with the Dow rocketing 196 points to 16,020. Nasdaq gained 29 points to 4062.

On the upside

Metabolix (Nasdaq: MBLX) introduced its new Mvera (™) B5011 compostable film grade resin on Tuesday.

The Food and Drug Administration approved Auxilium Pharmaceuticals' (Nasdaq: AUXL) Peyronie's disease treatment XIAFLEX.

The Ministry of Petroleum of Angola confirmed that Vaalco Energy (NYSE: EGY) may proceed with drilling offshore Angola.


On the downside


InterOil (NYSE: IOC) sold a 61.3% stake in two Papua New Guinea gas fields to Total.

Levi & Korsinsky filed a class action lawsuit against Ariad Pharmaceuticas (Nasdaq: ARIA) for making false and misleading statements about its leukemia treatment Iclusig.

Citron Research again mentioned Questcor Pharmaceuticals (Nasdaq: QCOR) cautiously.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 soared 20 points to 1805. Bitcoin plunged $186.00 or 16.74% to $925.00.

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