Market Overview

Benzinga Mid-Afternoon Market Update

Primeo Mining (NYSE: PPP) remained up towards the end of the day, trading up 32.94 percent to $7.18 following a favorable ruling in Mexican tax court.

Avon Products (NYSE: AVP) also traded up, increasing 6.47 percent to $17.27 after its executive chairman, Andrea Jung, announced she would step down.

Zynga (NASDAQ: ZNGA) recovered some of its losses from earlier, falling 16.82 percent to $2.34 after the company released a poor third-quarter outlook.

First Solar (NASDAQ: FSLR) also took a hit, falling 11.93 percent to $19.86, possibly linked to some renewed takeover chatter Thursday.

Shares of LifeLock (NYSE: LOCK) also fell, down 10.35 percent late in the day friday to $7.34.

Friday was a big day for economic reports, the change in nonfarm payrolls came in at 114 thousand, slightly below the estimate of 115 thousand, and well below the previous figure of 142 thousand. Change in manufacturing payrolls came in at -16 thousand, well below the estimate of 0, but above the prior figure of -22 thousand.

The coup de gras of numbers, the unemployment rate, came in at 7.8 percent- significantly below the estimate of 8.2 percent, and below the prior figure in August of 8.1 percent.

Posted-In: News Guidance Commodities Management Global Econ #s Economics Hot

 

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