The markets traded lower during the midday with the Dow losing 19 points to 17,641 as employers added a smaller than expected 160,000 jobs in April. Nasdaq dropped 25 points to 4,692.
On the upside
Bargain hunters lifted shares of LSB Industries (NYSE: LXU).
Shares of Unit (NYSE: UNT) surged as investors snapped up bargains.
Sierra Wireless (Nasdaq: SWIR) swung to a better than expected profit for the first quarter.
On the downside
A Food and Drug Administration committee recommended against labeling KemPharm's (Nasdaq: KMPH) acute pain treatment Apadaz abuse deterrent.
Imperva (NYSE: IMPV) widened first quarter losses prompting a downgrade.
Intersect (Nasdaq: XENT) widened losses for the first quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 lost 5 points to 2,044. Bitcoin rose $4 to $451.
