Disappointing Jobs Data Weigh Markets Down To Lower Close

Disappointing job creation numbers weighed the markets down to a lower close with the Dow tumbling 83 points 12,723. Nasdaq lost 13 points to 2828.

On the upside

CBS (NYSE: CBS) reversed year ago losses to post a better than expected profit for the first quarter and doubled its quarterly dividend from 5 cents per share to 10 cents per share.

Shares of RPX (Nasdaq: RPXC) surged on its first trading day.

Barnes & Noble (NYSE: BKS) delivered a free software upgrade to its Nook Color adding tablet-like functionalities to the e-reader.

On the downside

Vonage Holdings (NYSE: VG) reported higher first quarter earnings but revenue dropped.

Wabash National (NYSE: WNC) reversed year ago losses to post a profit for the first quarter but revenue fell short of analyst expectations.

Harris (NYSE: HRS) disappointed with lower third quarter earnings prompting the telecommunications equipment firm to lower its sales guidance for the full year.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 10 points to 832.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.