Dow Jumps Over 200 Points; US Economy Adds 187,000 Jobs In August
Portfolio Pulse from Lisa Levin
US stocks traded higher 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 August, exceeding market expectations. Energy shares jumped by 1.7%, while consumer staples shares rose by 0.3%. Taoping Inc., Edible Garden AG Incorporated, and TRxADE HEALTH, Inc. saw significant increases in their share prices. However, Aditxt, Inc., Akso Health Group, and iCoreConnect Inc. saw their share prices drop.
September 01, 2023 | 1:52 pm
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POSITIVE IMPACT
Shares of Edible Garden AG Incorporated got a boost, shooting 150% to $3.22.
Edible Garden AG Incorporated's share price saw a significant increase, although the specific reason for this surge is not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TRxADE HEALTH, Inc. shares were also up, gaining 49% to $11.39.
TRxADE HEALTH, Inc.'s share price increased significantly, although the specific reason for this surge is not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Taoping Inc. shares shot up 97% after the company reported a year-over-year increase in H1 EPS and sales results.
The significant increase in Taoping Inc.'s share price is likely due to the company's positive H1 EPS and sales results, which exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aditxt, Inc. shares dropped 39% after the company announced a $10 million private placement priced at-the-market under Nasdaq rules.
Aditxt, Inc.'s share price dropped significantly following the company's announcement of a $10 million private placement priced at-the-market under Nasdaq rules, which may have diluted existing shareholders' equity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of Akso Health Group were down 26% to $0.6913.
Akso Health Group's share price decreased significantly, although the specific reason for this drop is not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
iCoreConnect Inc. was down, falling 23% to $9.25. The company last Friday announced the closing of its previously announced business combination with FG Merger Corp.
iCoreConnect Inc.'s share price dropped following the company's announcement of its business combination with FG Merger Corp., which may have led to uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100