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


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.






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.
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