New York’s exchanges close in red

gopro logo whitebgd 150x65 New York’s exchanges close in redNew York’s stock markets closed in the red on Friday. Investors took a step back after gains a day earlier. A better than expected jobs report from the US government, which shows that employment in the United States has increased further last month, offered no support to trading on Wall Street.

The Dow-Jones index ended 0.3 percent lower at 17824.29 points. The S&P500 fell 0.3 percent to 2055.47 points and the Nasdaq was down 0.4 percent to 4744.40 points.

Employment figures
Last month 257,000 jobs were created in the US, excluding agriculture, against a revised 329,000 jobs in December last year. Economists predicted an increase of 230,000 jobs on average, while in December a job growth of 252,000 jobs was reported.

Social Media
Focus was also on Twitter and LinkedIn. Thursday after market close both social media companies opened the books. It showed that the growth of the number of active Twitter users fell further in the fourth quarter. Business networking site LinkedIn wrote less profit this quarter than a year earlier. Sales however increased by 44 percent. Twitter and LinkedIn were more than 16 percent up.

At GoPro quarterly profit quadrupled compared to the same period in 2013. The manufacturer of action cameras benefited from the timing of introduction of the Hero4 camera before. The introduction was at the start of the buying season for the holidays. The company earned more money on advertising deals with YouTube and Microsoft. However, the outlook was disappointing and the GoPro stock lost 13.3 percent.

Auction site eBay reported a net profit increase because of a financial break on taxes in the fourth quarter. Net profit was higher than the company had previously announced. Ebay rose 0.4 percent.

Defense Company Harris announced taking over rival Exelis, manufacturer of military communication, for 4.8 billion dollars.

Oil prices also were up after the revival of a day earlier. A barrel of US oil was 3.1 percent higher at $ 52.01. Brent oil was 2.6 percent higher at $ 58.05 a barrel.

The euro was worth 1.1319 dollars against 1.1346 dollars at the close of European trade.