US OPEN: Wall Street tries to recover from Thursday’s drop

• Dow Jones tries to erase recent losses
• US economy adds 1.37 million jobs in August
• Domo (DOMO.US) stock jumped 17%

US indices launched today's session in mixed moods. Dow Jones rose 0.6%, led by bank shares after the payrolls report showed the US unemployment rate fell to 8.4%, well below analysts' expectations of 10.2% while the economy added 1.371 million jobs, compared to  1.4 million estimates. Meanwhile, the S&P 500 is trading near the flat line and the Nasdaq is 1.2% lower, as tech shares extended yesterday losses.

Dow Jones (US30) bounced off the major support level at 28090 pts which is additionally strengthened by upward trendline. In case buyers manage to push the price higher then ATH at 29 623 pts may be at risk. On the other hand, breaking below the aforementioned support may trigger a bigger downward move. Source: xStation5

Domo (DOMO.US) stock rose more than 17% after the company posted quarterly  results that beat analyst expectations.  The cloud software company reported a loss of 37 cents per share lower than 50 cents loss expected by Wall Street. The company’s revenue beat market expectations. “Domo was built for this new world of work where business agility is imperative to surviving and thriving,” said Josh James in a release.

Domo (DOMO.US) – stock managed to erase all of its yesterday losses  on strong quarterly results. Should upbeat moods prevail, resistance at $47.21 may come into play. Source: xStation5

 

Tesla (TSLA.US) – stock dropped almost 4% in pre-market, extending previous losses. Tesla had reached an all-time intraday high on Tuesday before sliding that day on news of a $5 billion stock offering and finishing the day lower.

Broadcom (AVGO.US) stock climbed 1% in after-hours trading after the company posted upbeat quarterly results. The semiconductor builder earned $5.40 per share on revenue of $5.82 billion while market expected earnings of $5.24 per share on revenue of $5.76 billion. Sales of the semiconductor solutions division came in above forecasts while sales from infrastructure software were in line with expectations.

 

DocuSign (DOCU.US) stock rose over 1% after the market close after the company posted better-than expected second-quarter figures. The cloud-based document manager earned 17 cents on revenue of $342.2 million while analysts' expected  earnings of 8 cents per share on revenue of $318.6 million, mainly thanks to the rising number of  subscriptions. “In an accelerating digital world where business can be conducted from anywhere, the need to agree electronically and remotely has never been stronger,” CEO Dan Springer said in a statement.

 

Goldman Sachs (GS.US) – Malaysia dropped criminal charges against three of the investment bank’s units after Goldman agreed last month to a $3.9 billion settlement in the case involving Malaysia’s state investment fund 1MDB.

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