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Unemployment Rate Falls 4.7% |
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Author: Elena Todorova
123jump.com
Last Update: 11:23 AM EST February 03 2006
U.S. stocks opened lower on disappointing employment report. Tech stocks moved to the downside with the Internet sector dragged by Amazon''s 11% decline on earnings report. Maytag posted wider Q4 net loss of 93 cents a share, despite 7% sales growth, missing estimates. Moody reported 22% income rise in Q4 on 21% revenue growth. Ryder System Q4 reported profit decline despite 13% sales growth. |
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