Dow Drops Over 100 Points; US Weekly Jobless Claims Rise To 232,000
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Dow Jones dropping over 100 points, as weekly jobless claims rose to 232,000. Materials shares rose by 0.6%, with IperionX Limited (IPX) and Perimeter Solutions (PRM) as top gainers. U Power Limited (UCAR) shares surged after announcing a strategic cooperation agreement with Quantum Solutions Co in Japan.
June 01, 2023 | 1:44 pm
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IperionX Limited (IPX) shares rose 3% as materials sector gains amid overall market decline.
IperionX Limited (IPX) shares rose 3% as the materials sector gained 0.6% on Thursday. The overall market decline did not affect the materials sector, and IPX was one of the top gainers in the sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Perimeter Solutions (PRM) shares rose 4% as materials sector gains amid overall market decline.
Perimeter Solutions (PRM) shares rose 4% as the materials sector gained 0.6% on Thursday. The overall market decline did not affect the materials sector, and PRM was one of the top gainers in the sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
U Power Limited (UCAR) shares surged 59% after announcing a strategic cooperation agreement with Quantum Solutions Co in Japan.
U Power Limited (UCAR) shares surged 59% after the company announced it entered into a framework strategic cooperation agreement with Quantum Solutions Co in Japan. This news directly impacts UCAR's stock price as it indicates potential growth and expansion for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100