The nation's unemployment rate fell to 5.5% in February but the markets tumbled with the Dow dropping 78 points to 18,057 over concerns that the Federal Reserve would raise interest rates. Nasdaq slipped 2 points to 4,980.
On the upside
AVEO Oncology (Nasdaq: AVEO) narrowed fourth quarter losses.
YY (Nasdaq: YY) reported higher sharply fourth quarter earnings that beat expectations.
Finisar (Nasdaq: FNSR) reported sharply lower third quarter earnings but revenue rose to top estimates and the company forecast current quarter earnings and revenue ahead of expectations.
On the downside
Sunshine Heart (Nasdaq: SSH) will temporarily halt enrollment in a study of the C-Plus heart assist system.
BioLineRx (Nasdaq: BLRX) priced its offering of 12.5 million American Depositary Shares at the discounted price of $2 per ADS.
Investors locked in profits of Genetic Technologies (Nasdaq: GENE).
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 lost 7 points to 2093. Bitcoin held steady at $272.
Markets fall with drop in unemployment rate
March 06, 2015 at 09:43 AM EST
