Stocks closed in the red after disappointing reports on jobs and the services sector. Private sector created 179,000 jobs in April - down from 207,000 in March and less than the 200,000 expected. Intel announced a new 3D transistor and rose almost 2%. Hewlett-Packard rose 1.5%, after AT&T announced plans to carry the Veer 4G. Varian Semiconductor soared more than 51% after Applied Materials announced plans to buy it for $4.9 billion. But positive news failed to lift the tech sector, which was weighed down by a broad market selloff. In after-hours trading Electronic Arts recovered from loss that had arrived after the co. issued a conservative outlook. Implied volatility inched lower again.
Thursday, May 5, 2011
Tumbled on economic jitters
Stocks closed in the red after disappointing reports on jobs and the services sector. Private sector created 179,000 jobs in April - down from 207,000 in March and less than the 200,000 expected. Intel announced a new 3D transistor and rose almost 2%. Hewlett-Packard rose 1.5%, after AT&T announced plans to carry the Veer 4G. Varian Semiconductor soared more than 51% after Applied Materials announced plans to buy it for $4.9 billion. But positive news failed to lift the tech sector, which was weighed down by a broad market selloff. In after-hours trading Electronic Arts recovered from loss that had arrived after the co. issued a conservative outlook. Implied volatility inched lower again.
