Lower Close Over Disappointing Jobs Data

The markets recovered earlier losses but still closed lower with the Dow falling 40 points to 14,565 as March jobs data disappointed. Nasdaq lost 21 points to 3203.

On the upside

An Ultra Petroleum (NYSE: UPL) vice president purchased 3,000 shares of company stock.

Bargain hunters snapped up shares of Penn Virginia (NYSE: PVA) whose stock price fell earlier this week after paying $400 million to acquire Eagle Ford Shale properties in Texas from Magnum Hunter (NYSE: MHR).

Zynga (Nasdaq: ZNGA) appointed Kleiner Perkins Caufield & Byers partner John Doerr to its board.

On the downside

SolarWinds (NYSE: SWI) corrected an earlier press release to read "4.8 million UK SMEs" rather than "4.8 billion UK SMEs" in the original text.

Shares of Hewlett-Packard (NYSE: HPQ) fell as investors had a second day to digest news of the departure of two directors and the replacement of chairman Ray Lane on an interim basis by Ralph Whitworth.

Nokia (NYSE: NOK) closed its retail store in Shanghai, China.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index slipped 6 points to 1553.

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