Power Integrations Demonstrates World’s First 2200 V GaN Technology for Next-Era High-Voltage Power Systems - Business Wire

What Happened? A number of stocks jumped in the morning session after weaker-than-expected U. S. employment data cooled Treasury yields, easing interest rate pressure. The Bureau of Labor Statistics reported that nonfarm payrolls increased by 29,000 in September, falling short of the 84,000 projected by economists polled by Dow Jones, while the unemployment rate rose to 4.2%. For the broader group, softer hiring eases interest-rate pressure on high-multiple growth equities by pulling borrowing costs lower. However, further deceleration in the labor market risks dampening cyclical end-market demand across industrial and automotive chip channels. Semiconductor valuations expand when falling yields reduce the discount rate on long-duration earnings, provided enterprise infrastructure spending does not deteriorate. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted:Analog Semiconductors company Impinj (NASDAQ:PI) jumped 3.9%. Is now the time to buy Impinj? Access our full analysis report here, it’s free.

PRIMA implantation was associated with sustained visual acuity improvement from approximately 20/460 to 20/120 at 36 months Among 18 patients evaluated at 3 years, 78% achieved gains of at least 3 lines of visual acuity