fell .2 percent to $41.80 with 15,801,200 shares traded. NewLead Holdings http://www.todayhotstocks.com Ltd. fell 19.8 percent to $.15 with 25,942,200 shares traded. PetSmart Inc. rose 12.5 percent to $67.28 with 14,084,000 shares traded.
Stocks plunge, wiping out July gains; Market is on track for first monthly loss since January | Star Tribune
The Labor Department said employment rose by 209,000 jobs in July after jumping by an upwardly revised 298,000 in June, while economists had expected an increase of 233,000 jobs. Despite the continued job growth, the Labor Department also said the unemployment rate unexpectedly edged up to 6.2 percent in July from a nearly six-year low of 6.1 percent in June. The report also showed only a modest uptick in average hourly earnings, easing some of the recent concerns about the outlook for interest rates. However, a separate report from the Institute for Supply Management showed that activity in the manufacturing sector expanded at a notably faster rate in the month of July. The ISM said its purchasing managers index climbed to 57.1 in July from 55.3 in June, with a reading above 50 indicating growth in the manufacturing sector.
LinkedIn and Tesla are big market movers – Yahoo News
The slide interrupted a prolonged advance in the market. The Standard & Poor’s 500 index closed at its latest record high just one week ago. It’s currently 2.7 percent below that level. Investors responded to several weak earnings reports, escalating geopolitical instability and widespread views that stocks had become too expensive. They are also contemplating the likely end of the Federal Reserve’s stimulus program this year.
Dow drops 200-plus points; stocks negative for July
Done LinkedIn and Tesla are big market movers Bally Technologies, LinkedIn, Procter & Gamble, and Tesla are big market movers 3 hours ago Content preferences Done NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Bally Technologies Inc., up $17.53 to $77.70 The gambling equipment maker is being bought by rival Scientific Games Corp. in a deal worth $5.1 billion, including debt. Procter & Gamble Co., up $2.33 to $79.65 The consumer products company reported a boost in quarterly profit on a series of cost cuts, topping Wall Street expectations. LinkedIn Corp., up $21.14 to $201.78 The professional networking service reported a second-quarter loss, but the results still beat Wall Street expectations.
Stocks Come Under Pressure, Extending Yesterday’s Sell-Off – U.S. Commentary – NASDAQ.com
labor costs rose the most in more than five years in the second quarter, with the Employment Cost Index, or ECI, climbing 0.7 percent, the biggest jump since the third quarter of 2008. “The real news is the uptick in ECI, which is finally seeing upside pressure,” said Hogan. Read More US labor costs jump “It’s pretty hard for the Fed to ignore a growing and stronger economy,” said Bittles, citing data on Wednesday that had the U.S. economy growing 4 percent in the second quarter.