Wall Street is mixed despite the numbers of blowout jobs
The US stock market was mixed on Friday despite stronger-than-expected US employment numbers.
The Dow Jones rose 0.41%, the S&P 500 0.17% – both closed at record highs – while the tech-heavy Nasdaq fell 0.40%.
The US economy created 943,000 jobs in July, but Delta variant fear is still the main concern.
In other markets, oil prices continued to decline on Friday, falling another 1% on COVID-19 concerns.
The crypto market, meanwhile, has rebounded, and Bitcoin is currently trading at the $ 44,500 level at 8:00 a.m. AEST, up from the $ 40,900 level on Friday.
Some other notable double-digit gains in Altcoins as of Saturday are: Dogecoin (DOGE) + 23.6%; Qtum (QTUM) + 22.5%; and Aussie-founded play-to-earn fighter Illuvium (ILV) was up 15.3% at the time of writing, hitting another all-time high of $ 379.92 today.
ASX 200 opens higher on Monday
The ASX 200 is likely to open higher this morning with the futures markets (September contracts) up 0.74% at 8:30 am AEST.
On Friday, the benchmark was up 0.36% at the close of trading. Those gains were clearly outperformed by the small end of town as the microcap index for emerging companies closed more than 1% higher.
On the big caps news this morning, Suncorp (ASX: SUN) net income climbed 13% to $ 1.03 billion as it announced a final payout of 40 cents per share plus a special dividend of 8 cents per share . SUN’s share price closed at $ 11.86 on Friday.
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Bluglass (ASX: BLG)
The solar technology company announced that it has demonstrated a proof of concept with the world’s first proprietary RPCVD tunnel junction laser diodes. The novel laser diode prototypes will enable more powerful and efficient lasers for commercial applications such as 3D printing and industrial welding.
Noxopharm (ASX: NOX)
The biotech company has signed a collaboration agreement with the US government for cutting-edge cancer, the US National Cancer Institute. The collaboration will address aggressive cancers, including pancreatic cancer, and specifically how “helper” signals from surrounding healthy tissue play a role in cancer growth.
Regis Healthcare (ASX: REG)
The geriatric nurse said he may have underpaid his staff by $ 40 million due to input errors in the system. The company said it initiated a review that looks back six years.
Vection Technologies (ASX: VR1)
The 3D virtual reality company said it added around $ 2.2 million in TCV (Total Contract Value) for FY22, with adoption expanding across multiple industries and industries. The TCV for enterprise sales for FY22 is now updated to approximately $ 4 million.
Lithium energy (ASX: LEL)
The company says geophysical equipment has arrived as it prepares to begin its large lithium exploration program at the Solaroz project in Argentina. Solaroz is located in the South American “lithium triangle” in northwest Argentina in the Salar de Olaroz basin and is directly surrounded by two lithium brine projects.
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