Market Overview

Benzinga Mid-Morning Market Update


Primeo Mining (NYSE: PPP) shot up in early trading, increasing 45.20 percent to $7.84 following a favorable ruling in Mexican tax court.

Avon Products (NYSE: AVP) also traded up, increasing 5.92 percent to $17.18 after its executive chairman, Andrea Jung, announced she would step down.

Shares of Infoblox (NYSE: BLOX) traded up 3.97 percent to $21.50 after it announced a secondary public offering Thursday evening.

Zinga (NASDAQ: ZNGA) took a hit in early trading, falling 20.96 percent to $2.23 after the company released a poor third-quarter outlook.

First Solar (NASDAQ: FSLR) also took a hit, falling 7.85 percent to $20.78, possibly linked to some renewed takeover chatter Thursday.

Shares of Sarepta Therapeutics (NASDAQ: SRPT) fell 7.73 percent to $34.99 following some negative analyst comments Thursday.

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.

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