The markets traded lower during the midday with the Dow falling 51 points to 17,787 as the nation added a lower than expected 38,000 jobs last month. Nasdaq tumbled 35 points to 4,935.
On the upside
Lion Biotechnologies (Nasdaq: LBIO) raised approximately $100 million through a private placement and named Maria Fardis, Ph.D. to the position of president and chief executive officer.
Rising gold prices lifted shares of Alamos Gold (NYSE: AGI) and Kinross Gold (NYSE: KGC).
Ambarella (Nasdaq: AMBA) reported better than expected first quarter earnings and revenue.
On the downside
Investors locked in profits on Keryx Biopharmaceuticals (Nasdaq: KERX).
Profit taking weighed down share of SouFun Holdings (NYSE: SFUN).
Investors locked in profits on Minerva Neurosciences (Nasdaq: NERV).
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 dropped 10 points to 2,095. Bitcoin soared $25 to $556.
