After the conclusion of the US market's regular session on Friday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
Shares of industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM)
fell 3% in the afternoon session after weak U.S. jobs data revealed a fourth consecutive month of payroll declines in the factory sector.
A number of stocks fell in the afternoon session after the release of a much weaker-than-expected U.S. jobs report, which overshadowed hopes for a Federal Reserve interest rate cut by fueling concerns about the health of the economy.
A number of stocks fell in the afternoon session after a surprisingly weak August jobs report fueled concerns of a cooling economy but also raised expectations for Federal Reserve interest rate cuts.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 6% in the afternoon session after positive momentum continued as stockholders approved the company's $9.4 billion all-stock merger with Mr. Cooper Group Inc.
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 10.2% in the afternoon session after the stock rebounded following several positive analyst actions and favorable sector-wide news. RBC Capital upgraded the stock to "Outperform" from "Sector Perform," and Wells Fargo raised its price target, with both citing increased clarity on long-term opportunities following recent U.S. Treasury guidance. GLJ Research also upgraded its rating on the company. This guidance appears to be a key factor, with analysts noting it's favorable for the residential solar sector. Adding to the positive sentiment for renewable energy, India announced it was more than halving its goods and services tax on related equipment, including solar panels, from 12% to 5%, shoring up the industry.
