Lower Open On Disappointing Jobs Data

The markets opened lower with the Dow losing 59 points to 14,780 as the nation's company's added a mere 119,000 jobs last month. Nasdaq dropped 18 points to 3310.

On the upside

Neutral Tandem (Nasdaq: IQNT) sold its global data business for $54.5 million to Global Telecom & Technology.

First quarter earnings more than doubled for Genworth Financial (NYSE: GNW).

B. Riley upgraded Sourcefire (Nasdaq: FIRE) to a Buy rating.

On the downside

Investors locked in profits on SemiLEDs (Nasdaq: LEDS).

First quarter earnings slipped for Trimble Navigation (Nasdaq: TRMB) as revenue fell short of expectations and the company forecast current quarter results below estimates.

Yamana Gold (NYSE: AUY) disappointed with sharply lower first quarter earnings as gold and silver prices dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index fell 7 points to 1590.

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