160206 – Wall Street sinks on cocktail of weak earnings, jobs report, falling oil

160206 – Wall Street sinks on cocktail of weak earnings, jobs report, falling oil

http://www.marketwatch.com/story/wall-street

Movers and shakers: A few earnings blowups also weighed on stocks Friday. Shares of LinkedIn Corp. LNKD, -0.42%  plunged 40% after the social-networking company late Thursday forecast slower growth for the year.

Tableau Software DATA, +0.05%  is down 48% after reporting a fourth-quarter loss of $41.3 million, or 57 cents a share, compared with a profit of $20.7 million, or 27 cents a share, in the same quarter last year.

Symantec Inc. SYMC, +1.81%  jumped 4.4% after the tech company said it is getting a fresh cash injection of $500 million from Silver Lake.

Tyson Foods Inc. TSN, +1.97% advanced 9.4% after announcing an increase to its buyback program.

Estée Lauder Cos. Inc. EL, -0.32% gained 13.9% after fiscal second-quarter earnings beat expectations.

Hanesbrands Inc. HBI, +0.40%  shares dropped 10.7% after quarterly earnings released late Thursday fell short of expectations.

Other markets: European stocks got slammed after the U.S. jobs report.

 Asian stocks ended mixed in the run-up to the Lunar New Yeah holiday next week.

Gold GCJ6, +1.47%  edged lower but most other metals rose.

The U.S. dollar DXY, +0.42%  edged higher after the jobs report after reporting one of its worst daily declines in months on Thursday.

 

http://www.marketwatch.com/story/wall-street

 

 

Advertisements

About Philippe Splingart

ArtMaker Creator of the "Spynacker Green Fund" concept, (The "Green Fund Spynacker" Arbitrage Hedge Fund Method with very low leverage ) The reflexion point is to create an alternative in a changing world. Maintain the achievements and wealth of knowledge, Empower creation to develop an alternative management and to activate and enhance the development elements.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s