The US stock market closed mostly lower on Friday as investors keenly awaited the nonfarm payroll employment data for December. Figures from the US Department of Labor showed that the total of jobs gained in December fell far short of estimates putting it at over 400,000, which fell significantly below estimates.
The Nasdaq 100 dropped 1.10%, the S&P 500 fell 0.41% while the Dow Jones was unchanged.
GameStop entering crypto, NFT space
Shares of GameStop Corp. skyrocketed by as much as 7.3% on Friday after the company announced the launch of a new division within the company that will build a marketplace for NFTs (nonfungible tokens) in addition to cryptocurrency partnerships.
According to a report published by the Wall Street Journal on Thursday, more than 20 employees have been hired to work in the newly created division, with a goal of building an online hub for trading NFTs of virtual videogame goods.
Gamestop’s stocks soared nearly 19% in the after-hours trading following the report.
Trump SPAC DWAC stock rises after social media app sets target launch date
Shares of the company connected to a planned social media app backed by former President Donald Trump rose sharply after news that the app has set a target launch date of Feb. 21.
Blank-check company Digital World Acquisition Corp.’s stock ($DWAC) jumped by nearly 20% by the close of the trading day Thursday, on significantly higher-than-average volume
In October, Trump founded TMTG and announced TRUTH Social will roll out nationwide in 2022. He decided to launch his own social media social media platform after being banned from social networks including Twitter and Facebook.
READ; US Stock Market Mixed, Companies in the News; Ford, Pfizer, Nvidia
