Higher Open Even As Jobs Data Falls Short

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The nation's employers added fewer jobs than expected but the markets opened higher with the Dow rising 14 points to 15,643. Nasdaq gained 19 points to 4076. 

On the upside 

Fourth quarter earnings fell for Activision Blizzard (Nasdaq: ATVI) but the results were better than expected.

Expedia (Nasdaq: EXPE) reported sharply higher fourth quarter earnings that surpassed analyst expectations.

ON Semiconductor (Nasdaq: ONNN) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter revenue ahead of estimates.

On the downside


Fairway Group (Nasdaq: FWM) narrowed third quarter losses and announced the retirement of chief executive Herbert Ruetsch. 

Roundy's (NYSE: RNDY) priced its public offering of more than 8.84million common shares at the discounted price of $7.00 per share.

LinkedIn (NYSE: LNKD) reported lower fourth quarter earnings and forecast current quarter and full year results below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 1779. Bitcoin tumbled $102.01 or 13.99% to $728.99.

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This page contains a single entry by published on February 7, 2014 6:43 AM.

Jobless Claims Drop, Markets Surge was the previous entry in this blog.

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