BUZZ-U.S. STOCKS ON THE MOVE-Tech stocks, Multi-Fineline, Immunomedics, YRC Worldwide
(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 the January U.S. jobs report appeared to keep alive the prospect of a Fed rate hike this year and tech stocks sold off heavily. The Dow Jones industrial average was down 1.18 percent at 16,222.5, the S&P 500 was down 1.59 percent at 1,884.98 and the Nasdaq Composite was down 2.67 percent at 4,389.116.
** FACEBOOK INC, $103.979, -5.89 pct
** AMAZON.COM INC, $507.38, -5.39 pct
** NETFLIX INC, $84.03, -6.33 pct
** ALPHABET INC, $707.53, -3.08 pct
First Trust Dow Jones Internet Index Fund still on track for greater sell-off especially given its concentration in unraveling FANG stocks, and sharp declines in LinkedIn and big data names. FANGs: Facebook, Amazon.com, Netflix and Alphabet, among ETF's largest holdings end-of-Dec.
** LINKEDIN CORP, $111.4, -42.06 pct Continued...