Disappointing Jobs Data Weighs Down Markets

Private employers added fewer jobs than expected in March to weigh the markets down to a lower open with the Dow losing 31 points to 14,631. Nasdaq fell 9 points to 3245.

On the upside

Zynga (Nasdaq: ZNGA) launched two online real money gambling games in Britain today.

Magnum Hunter (NYSE: MHR) will sell its interest in the Eagle Ford Shale properties to Penn Virginia (NYSE: PVA) for approximately $401 million.

Magicjack Vocaltec (Nasdaq: CALL) reversed year ago losses to post a profit for the fourth quarter as revenue soared.

On the downside

Mindspeed Technologies (Nasdaq: MSPD) warned that second quarter revenue would fall short of expectations.

Tesla Motors (Nasdaq: TSLA) announced a leasing program for its Model S sedan but the stock price dropped.

Global Payments (NYSE: GPN) reported higher third quarter earnings and revenue but the results fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 6 points to 1564.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here