Mid-Day Market Update: Nasdaq Down 300 Points; Turning Point Therapeutics Shares Jump

Benzinga Real-time News · Jun 4, 2022 00:10

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping more than 300 points on Friday.

The Dow traded down 0.99% to 32,919.61 while the NASDAQ fell 2.61% to 11,995.68. The S&P also fell, dropping, 1.66% to 4,107.48.

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Leading and Lagging Sectors

Energy shares jumped by 0.9% on Friday. Meanwhile, top gainers in the sector includedSprague Resources LP(NYSE:SRLP), up 20% andNine Energy Service, Inc.(NYSE:NINE) up 5%.

In trading on Friday, communication services shares fell 2.5%.

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The US economy added 390,000 jobs in May, above market estimates of 325,000. The unemployment...

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Mid-Day Market Update: Nasdaq Down 300 Points; Turning Point Therapeutics Shares Jump

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