Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

US Stock Markets Face Correction In Anticipation of Jobs Data


Reported by: Eric, CRWE Newswire Middle East Correspondent


The US stock markets dropped today in anticipation of a weaker jobs data report to be released later this week.

The Dow Jones Industrial Average DJIA declined 1.4 percent or 140.92 points to close at 10,009.73 for the day. Standard & Poor’s 500 index dropped 15.67 or 1.5 percent to 1,048.92 levels while NASDAQ Composite Index reported the correction of 33.66 points to 2,119.97.

Total consolidated volume stood at 2.9 billion shares for the day whereas losers to gainers stood in ratio of 4 to 2 on the New York Stock Exchange

Noah Education Holdings Ltd. (NYSE:NED) remained the top gainer at the NYSE as it surged 18.92 percent to close at $2.20 with total volume of 410,336 shares. Skilled Healthcare Group, Inc. (NYSE:SKH) was the top loser reporting a decline of 10.83 percent to close at $2.47 with total volume of 865,036 shares. Genzyme Corporation (NASDAQ:GENZ) remained bullish on its acquisition attempt by Sonafi Aventis. The company rejected the bid of $69 per share by Aventis referring it to be too low. The share price advanced 3.39 percent to close at $69.91 with total volume of 17.48 million shares. In other mergers and acquisition news 3M made a bid of $10.5 per share for the acquisition of Cogent, Inc. (NASDAQ:COGT). Cogent’s share price gained 24.4 percent to close at $11.09 with a volume of 19.46 million shares.


The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.


Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.

Disclosure: NSDQ