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September 01, 2020 10:18am
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Markets surge on impressive jobs data

Impressive jobs data along with recovering crude oil prices sent the markets soaring to a sharply higher close with the Dow rocketing 250 points to 18,146. Nasdaq jumped 79 points to 4,956.


On the upside


Barracuda Network (NYSE: CUDA) reversed year ago losses to post a profit for the first quarter as revenue rose.


Shares of Chemours (NYSE: CC) rose after a jury ordered DuPont to pay a lower than expected $500,000 in punitive damages to a plaintiff on top of a $5.1 million award in a chemical liability case.


Euro Tech Holdings (Nasdaq: CLWT) subsidiary PACT Environmental Technology won a contract valued at approximately $6 million to design, supply, install and commission industrial wastewater treatment and scrubber systems.


On the downside


Profit taking weighed down shares of xG Technology (Nasdaq: XGTI).


Great Basin Scientific (Nasdaq: GBSN) issued approximately 2.755 million shares of common stock to note holders who converted their holdings.


Investors continued to lock in profits on Torchlight Energy Resources (Nasdaq: TRCH).


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 leaped 32 point to 2,129. Bitcoin soared $28 to $650.

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