Disappointing Jobs Data Sends Markets Tumbling

The markets extended its losses in late afternoon trading to close sharply lower with the Dow plummeting 130 points to 12,929 over disappointing jobs data. Nasdaq plunged 33 points to 3047.

On the upside

Rising gold prices lifted shares of Randgold Resources (Nasdaq: GOLD).

Bargain hunters lifted shares of DR Horton (NYSE: DHI) whose stock price fell last week on lower construction spending.

Shares of Supervalu (Nasdaq: SVU) rose ahead of its earnings release tomorrow before market open.

On the downside

DARA BioSciences (Nasdaq: DARA) will raise approximately $10.1 million through the sale of preferred stock and warrants to purchase common stock.

Georgia Attorney General Sam Olens announced that WellCare Health Plans (NYSE: WCG) must pay $137.5 million to settle allegations of fraud.

Greenbrier (NYSE: GBX) warned that demand for railcars will slow.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 9 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 14 points to 803.

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