“The tech sector weakened along with the broader market following what was seen as a disappointing report on new jobs in December,” Rex Crum reports for MarketWatch.
“Before the market opened, the Labor Department said the U.S. economy added just 74,000 jobs in December, marking the smallest monthly increase since early 2011,” Crum reports. “The unemployment rate fell to 6.7% from 7% in November, but that decrease was credited partly to a large number of Americans dropping out of the labor force and who are no longer looking for work.”
“Among leading tech stocks, declines came from Apple Inc., Amazon.com Inc., Netflix Inc. and Hewlett-Packard Co.,” Crum reports. “The tech-heavy Nasdaq Composite Index bounced around its breakeven line, and was down by 2 points at 4,153.”
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