BUZZ-U.S. STOCKS ON THE MOVE-LinkedIn, Multi-Fineline, Immunomedics, Tableau, ArcelorMittal
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. The Dow Jones industrial average was down 1.18 percent at 16,223.08, the S&P 500 was down 1.52 percent at 1,886.26 and the Nasdaq Composite was down 2.58 percent at 4,393.071.
** LINKEDIN CORP, $116.01, -39.67 pct
The operator of the world's largest online network for professionals forecast first-quarter revenue and profit below Wall Street estimates as growth slows in its ads business and its hiring services face pressure outside North America, dragging its shares down 28 percent after the bell.
** MULTI-FINELINE ELECTRONIX INC, $22.7, +38.16 pct
The electronics chip maker agreed to be acquired by China's Suzhou Dongshan Precision Manufacturing Co Ltd in about $610 million all-cash deal.
** IMMUNOMEDICS INC, $2.36, +29.67 pct Continued...