Stocks fell hard Friday afternoon, with the major market gauges
having one of their worst days in nearly two months. Shares of
technology and consumer companies had the steepest declines
although nine out of 10 of the industry sectors in the S&P 500
were lower for the day. Utilities were the only gainers, extending
their 2014 advance.
Equities began the session with moderate gains after new jobs
data showed a rebound in hiring last month, with U.S. employers
adding 192,000 new working during March, the Labor Department
reported today. The nation's unemployment rate remained steady at
6.7%, with a surge in new job-seekers entering the market
offsetting the rise in hiring.
The payrolls report today also showed an uptick in worker hours,
with the average workweek climbing by 12 minutes to 34.5 hours last
Crude oil for May delivery settled 85 cents higher at $101.14
per barrel while May natural gas fell 3 cents to finish at $4.44
per 1 million BTU. June gold rose $18.80 to $1303.40 per ounce
while May silver added 18 cents to $19.97 per ounce. May copper was
down a penny to $3.03 per pound.
Here's where the U.S. markets stood at the end of the day:
Dow Jones Industrial Index down 159.84 (-0.96%) to 16412.71
S&P 500 down 23.68 (-1.25%) to 1865.095
Nasdaq Composite Index down 110.01 (-2.60%) to 4,127.73
FTSE 100 was up 0.7% at 6,695.55
Hang Seng Index was down 0.2% at 22,510.08
Shanghai China Composite Index was up 0.19% at 10.79
(+) DSKX, (6.52%) Q4 net loss narrows as sales improve following
(+) ATRM, (+5%) Acquires substantially all of the assets of KBS
Building Systems Inc. along with affiliated entities.
(+) FLSR, (+1.8%) First Solar's price target raised to $24 at
(-) GPN, (-4.10%) Reports mixed Q3 results; raises FY14 earnings
(-) CREG, (-5.57%) COO resigns, effective March 31.
) (-22.11%) Prices public offering of 3.8 mln shares at $3.10 each,
an 18% discount to the stock's Thursday closing price.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.