Weak Job Data Weighs Down Markets

Weak job gains in January weighed the markets down to a lower open with the Dow falling 77 points to 15,367. Nasdaq tumbled 58 points to 3973.

On the upside

Myriad Genetics (Nasdaq: MYGN) reported sharply higher second quarter earnings and revenue and announced that it would pay approximately $270 million in cash to acquire Crescendo Bioscience.

Shares of Continental Building Products (NYSE: CBPX) climbed on its first trading day.

Tableau Software (NYSE: DATA) reversed year ago losses to post a better than expected profit for the fourth quarter as revenue nearly doubled and forecast current quarter results ahead of estimates.

On the downside

3D Systems (NYSE: DDD) lowered its fourth quarter and full year guidance.

Extreme Networks (Nasdaq: EXTR) widened second quarter losses more than expected and forecast current quarter earnings below expectations.

CH Robinson Worldwide (Nasdaq: CHRW) disappointed with sharply lower fourth quarter earnings that missed expectations.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 fell 13 points to 1742. Bitcoin slipped $14.89 or 1.63% to $915.00.

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