The nation's unemployment rate slipped to its lowest level in more than four years but fewer than expected jobs were added in July. The markets traded lower during the midday with the Dow slipping 20 points to 15,607 while Nasdaq eased a point to 3675.
On the upside
Jefferies lifted its price target on Yelp (NYSE: YELP) from $34 to $50.
LinkedIn (NYSE: LNKD) reported higher second quarter earnings that beat analyst expectations as revenue surged.
Turquoise Hill (NYSE: TRQ) signed a supplemental agreement to receive an advance payment of $235 million from Sumeru Gold for the purchase of Turquoise Hill's 50% stake in Altynalmas Gold.
On the downside
ValueClick (Nasdaq: VCLK) disappointed with sharply lower second quarter earnings.
Weight Watchers International (NYSE: WTW) reported lower second quarter earnings as revenue fell and the company lowered its full year guidance.
Negotiations for a possible acquisition of Smiths Group's medical business by CareFusion (NYSE: CFN) ended.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1704.
