MARKET PULSE-GrubHub, Genco, Opower, Halozyme, Aetrium, IMS Health, Five9
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) The Nasdaq tumbled more than 2 percent on Friday as momentum stocks sold off for a second straight session. The big drop in momentum stocks overshadowed the day's relatively strong March jobs data, which helped the Dow and S&P 500 hit intraday record highs early in the session. The Dow Jones industrial average was down 0.64 percent at 16,466.75, the S&P 500 was down 1.01 percent at 1,869.78 and the Nasdaq Composite was down 2.47 percent at 4,133.13.
** FACEBOOK INC, $56.73, -4.64 pct
** AMAZON.COM, $319.52, -4.23 pct
** NETFLIX INC, $338.36, -4.60 pct
** TRIPADVISOR INC, $84.26, -7.71 pct
** BIOGEN IDEC INC, $292, -3.27 pct
** GILEAD SCIENCES, $71.98, -2.73 pct
Momentum names - typically high-growth companies mostly in the tech and biotech sectors that led 2013's rally - have sold off in recent weeks but appeared to stabilize earlier this week. Continued...