Advertisement
New Zealand markets closed
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NZD/USD

    0.5949
    -0.0000 (-0.01%)
     
  • NZD/EUR

    0.5551
    +0.0011 (+0.19%)
     
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • OIL

    83.77
    +0.20 (+0.24%)
     
  • GOLD

    2,351.50
    +9.00 (+0.38%)
     
  • NASDAQ

    17,722.54
    +292.04 (+1.68%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • Dow Jones

    38,294.64
    +208.84 (+0.55%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • NZD/JPY

    93.8040
    +1.3080 (+1.41%)
     

These 2 Stocks Weighed the Nasdaq Down Friday

These 2 Stocks Weighed the Nasdaq Down Friday

Investors looked ready to start the weekend early on Friday, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved lower by more than 1% as of 11 a.m. ET. The Nasdaq and other indexes fell after the Bureau of Labor Statistics reported strong jobs growth for the month of November, raising fears that the Fed wouldn't loosen its monetary policy stance as quickly as some had begun hoping. Marvell Technology (NASDAQ: MRVL) was down significantly after the semiconductor company reported its latest financial results, while the declines for restaurant favorite Cracker Barrel Old Country Store (NASDAQ: CBRL) were even steeper.