Riot Platforms, Sable, Integra LifeSciences among US stocks on the move
RIOT•Riot Platforms shares climbed as bitcoin rose about 2%, Sable rose after JPMorgan initiated coverage with an “overweight” rating, and Integra LifeSciences slid after lowering its annual forecasts. US stocks rose Friday after weaker-than-expected jobs data reduced the odds of a near-term rate hike.
1. Company shares move
Riot Platforms was among crypto-linked shares that climbed as bitcoin rose about 2%. Sable rose after JPMorgan initiated coverage with an “overweight” rating, while Integra LifeSciences slid after lowering its annual forecasts.
2. Market backdrop
US stocks rose Friday, and the Nasdaq Composite reached a record high after weaker-than-expected jobs data further reduced the odds of a near-term rate hike. At 2:35 p.m. EDT, the Dow was up 0.04%, the S&P 500 0.19%, and the Nasdaq Composite 0.04%.
