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Market Comments & Wrap-Ups
- 2/5/2010 1:18:04 PM
By Chip Brian, SmarTrend Analytics Team
Last updated February 5, 2010: 12:30 PM ET --- The major U.S. equity indices are trading lower Friday following mixed news from the Labor Department's monthly employment report. The unemployment rate unexpectedly fell in January to 9.7% from 10%. However, employers cut 20,000 jobs, which is more than the 5,000 that economists had expected. Manpower Inc. (NYSE:MAN) shares fell 1.3% after the company announced it would acquire Comsys IT Partners Inc. in a deal valued at $431 million. The Dow Jones Industrial Average (DJI) is trading 0.43% lower at 9,959.48, the S&P500 (INX) is trading 0.44% lower at 1,058.56, and the Nasdaq Composite (IXIC) is trading 0.04% lower at 2,2124.65.
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