Dow Jumps Over 100 Points; US Nonfarm Payrolls Miss Expectations
Portfolio Pulse from Lisa Levin
US stocks rose following the release of jobs data, with the Dow, NASDAQ, and S&P 500 all seeing gains. The US economy added 187,000 jobs in July, missing market estimates of 200,000. Missfresh Limited (MF), United States Cellular Corporation (USM), and Tupperware Brands Corporation (TUP) saw significant stock increases, while Mesoblast Limited (MESO), Assertio Holdings, Inc. (ASRT), and INVO Bioscience, Inc. (INVO) saw stock decreases.
August 04, 2023 | 3:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Shares of Assertio Holdings, Inc. were down 41% after the company reported second-quarter financial results and withdrew its 2023 financial outlook.
The company's Q2 results and withdrawal of its 2023 financial outlook have led to a significant decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
INVO Bioscience, Inc. was down, falling 39% after the company announced pricing of $4.5 million public offering of 1.58 million units at a price of $2.85 per unit.
The company's announcement of public offering pricing has led to a significant decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Mesoblast Limited shares dropped 62% after the FDA issued a complete response letter to Mesoblast’s resubmission for remestemcel-L for pediatric steroid-refractory acute graft versus host disease.
The FDA's response letter to Mesoblast’s resubmission has led to a significant decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Missfresh Limited shares shot up 189% after the company announced entry of share purchase agreements for financing and business acquisition.
The company's announcement of share purchase agreements for financing and business acquisition has led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tupperware Brands Corporation shares were up 49% after the company announced a debt restructuring agreement.
The company's announcement of a debt restructuring agreement has led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Shares of United States Cellular Corporation shot up 60% following quarterly results.
The company's positive quarterly results have led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100