Mid-Day Update: Stock Heavy After Monthly Jobs Report

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U.S. stocks were lower Friday, reversing earlier gains that followed the Labor Department reporting U.S. employers adding 192,000 new workers last month, with all sectors except for manufacturing posting gains. The nation's unemployment rate remained steady at 6.7% with a surge of people entering the workforce offsetting the rise in hiring.

Crude oil was up 1.0% to $101.32 per barrel. Natural gas was down 0.6% at $4.44 per 1 million BTU. Gold was up 1.6% to $1,304.90 an ounce, while silver was up 1.7% at $20.14 an ounce. Copper was down 0.18% at $3.02 per pound.

Among energy ETFs, the United States Oil Fund was up 1% to $36.50 with the United States Natural Gas Fund ( UNG ) up 0.3% at $24.79. Among precious-metal funds, the Market Vectors Gold Miners ETF was up 1.9% at $24.52 while SPDR Gold Shares ( GLD ) was up 1.57% at $125.86. The iShares Silver Trust ( SLV ) was up 1.6% at $19.37.

Here's where the U.S. markets stand at mid-day:

NYSE Composite Index was down 0.2% at 10,578.81

Dow Jones Industrial Index was down 0.3% at 16,523.36

S&P 500 was down 0.6% at 1,877.95

Nasdaq Composite Index was down 2.26% at 4,141.93

GLOBAL SENTIMENT

FTSE 100 was up 0.7% at 6,695.55

DAX was up 0.70% at 9,695.77

CAC 40 was up 0.8% at $35.22

Nikkei 225 was down 0.05% at 15,063.77

Hang Seng Index was down 0.2% at 22,510.08

Shanghai China Composite Index was up 0.19% at 10.79

NYSE SECTOR INDICES

NYSE Energy Sector Index was up 0.2% at $28.52

NYSE Financial Sector Index was down 0.3% at 6,391.23

NYSE Healthcare Sector Index was down 0.28% at 10,928.25

UPSIDE MOVERS

(+) DSKX, (6.52%) Q4 net loss narrows as sales improve following internal restructuring.

(+) 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 Citi Group.

DOWNSIDE MOVERS

(-) GPN, (-4.10%) Reports mixed Q3 results; raises FY14 earnings guidance.

(-) CREG, (-5.57%) COO resigns, effective March 31.

(-) ( OPTT ) (-22.11%) Prices public offering of 3.8 mln shares at $3.10 each, an 18% discount to the stock's Thursday closing price.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: UNG , GLD , SLV , OPTT

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