The major stock indexes are down across the board today after non-farm payrolls disappoint. Non-farm payrolls rose by just 80,000 according to the Labor Department. Analysts were expecting a gain of 90,000 as the unemployment rate remains at 8.2. While job growth continues to stall out, the past 3 months have been the weakest 3 month period in two years.
Today’s dismal jobs numbers are fueling optimism that the Fed will intervene with additional monetary easing such as another round of QE. Major banks around the world cut interest rates yesterday. The ECB cut its rates by a quarter point and the Bank of England initiated more quantitative easing. Sign Up For Free Stock Alerts
All of the major stock indexes are down more than 1% this morning with the Dow down 146 points, the Nasdaq down 36 points and the S&P 500 down 14 points.
Lacrosse Footwear Inc. (NASDAQ:BOOT) is up 81.06% today at $19.88. BOOT has traded 1.4 million shares so far today, way above its daily average volume of 4 thousand shares. BOOT shares are up today on news that ABC-MART will acquire the company for $138 million. The company has a market cap of 129.40 million.
Xyratex Ltd. (NASDAQ:XRTX) is up 13.21% this morning at $13.27. XRTX has traded 885 thousand shares so far today, 500 thousand shares more than its daily average. XRTX shares are up today after the company posted a second quarter profit. The company has a market cap of 381.23 million.
Antares Pharma Inc. (NASDAQ:ATRS) is up 6.23% today at $4.09. ATRS has traded 981 thousand shares so far today and trades 1.07 million shares a day on average. ATRS shares are up more than $0.40 a share over the past week. The company has a market cap of 423.34 million.
Horizon Pharma, Inc. (NASDAQ:HZNP) is up 2.53% today at $8.09. HZNP has traded 375 thousand shares so far today and trades 655 thousand shares a day on average. HZNP shares are up more than $1 a share this week. The company has a market cap of 269.96 million.
Synacor, Inc. (NASDAQ:SYNC) is up 11.52% today at $15.29. SYNC has traded 557 thousand shares so far today and trades 920 thousand shares a day on average. SYNC shares are up nearly $2 a share over the past week. The company has a market cap of 416.91 million. Sign Up For Free Stock Alerts
US Airways Group, Inc. (NYSE:LCC) is up 1.86% today at $13.70. LCC has traded 3.4 million shares so far today and trades 9.1 million shares a day on average. LCC shares are up nearly $1 a share over the past two days. The company has a market cap of 2.24 billion.