MARKET HIGHLIGHTS
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market highlights
GOOD WEEK
ConocoPhillips Company (COP +3.10%) is an American multinational corporation engaged in hydrocarbon exploration and production. This gain is likely due to a number of factors, including strong oil and gas prices, a favorable macro environment, and the company's strong financial performance. COP is a well-established company with a strong track record of growth and dividend payments. The company is also well-positioned to benefit from the continued growth of the global energy industry.
MoonLake Immunotherapeutics (MLTX +3.96%) is a clinical-stage biotechnology company developing novel treatments for inflammatory diseases. The company's stock price has surged this week on positive results from a mid-stage clinical trial for its drug sonelokimab, which is being developed to treat hidradenitis suppurativa, a chronic skin condition.
BAD WEEK
HOLO MicroCloud Hologram (HOLO -0.81%) is a technology company that develops holographic displays. The company's stock price has plummeted this week after the company announced that it would be delaying the launch of its flagship product, the HOLO1.
ShiftPixy (PIXY -13.46%) is a platform that connects businesses with freelance workers. The company's stock price has also taken a tumble this week after the company announced that it would be cutting costs and reducing its workforce.
WHAT ELSE HAPPENED
The U.S. economy added a surprising 263,000 jobs, far above expectations. This good jobs news sped up the recent drop in bond prices, pushing the 10-year U.S. Treasury yield to its highest level since 2007.
Energy stocks rose more than 2% following a surge in oil prices after the U.S. imposed sanctions on two tankers carrying Russia oil for breaching the G7’s $60 a barrel Russian oil price cap at a time when geopolitical tensions are rising as Israel prepares for a ground assault in Gaza.
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