Which Stocks Are Responding To The Strong Jobs Report? 10 Top Movers
Portfolio Pulse from AJ Fabino
The US labor market posted strong performance in May, with nonfarm payrolls surging by 339,000, surpassing the expected 190,000. This has led investors to adjust their expectations for a June Fed rate hike from 20% to 27%. Ten stocks reacted to the news during Friday's premarket session.
June 02, 2023 | 2:29 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AST SpaceMobile Inc's stock price fell by 3.16% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to AST SpaceMobile Inc's stock, leading to a 3.16% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aurora Innovation Inc's stock price fell by 3.32% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to Aurora Innovation Inc's stock, leading to a 3.32% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Carvana Co's stock price fell by 5.07% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to Carvana Co's stock, leading to a 5.07% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nova Ltd's stock price fell by 10.59% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to Nova Ltd's stock, leading to a 10.59% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Purple Innovation Inc's stock price fell by 3.3% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to Purple Innovation Inc's stock, leading to a 3.3% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Qurate Retail Inc's stock price fell by 4.45% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react negatively to Qurate Retail Inc's stock, leading to a 4.45% drop in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Apollomics Inc's stock price increased by 7.39% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react positively to Apollomics Inc's stock, leading to a 7.39% increase in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
OPKO Health Inc's stock price increased by 4.32% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react positively to OPKO Health Inc's stock, leading to a 4.32% increase in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Senseonics Holdings Inc's stock price went up by 5.79% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react positively to Senseonics Holdings Inc's stock, leading to a 5.79% increase in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Zscaler Inc's stock price increased by 3.19% during Friday's premarket session following the strong US jobs report.
The strong jobs report led to adjustments in expectations for a June Fed rate hike, which could impact interest rates and borrowing costs. This may have caused investors to react positively to Zscaler Inc's stock, leading to a 3.19% increase in its price during the premarket session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100