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  1. Home
  2. / Video

Midday Report: IBM Drags Dow Lower; April Jobs Report Ups June Hike Chances

Stocks are mixed after the April jobs report shores up the chances of a move on interest rates next month.
By KERIS ALISON LAHIFF May 05, 2017 | 11:52 AM EDT
Stocks quotes in this article: ZNGA, REV, HLF, IBM

Stocks were mixed after the April jobs report shored up the chances of a move on interest rates next month. The Dow Jones Industrial Average held in the red on a selloff in IBM  (IBM) shares. Warren Buffett said he had unloaded one-third of his stake. Herbalife  (HLF) rallied on solid guidance for its full year. The nutrition company anticipates adjusted earnings of at least $4.05 a share for 2017, higher than consensus of $3.96.  Zynga  (ZNGA) was also higher after a solid first quarter and upbeat forecasts for second-quarter bookings. The developer of online games including FarmVille and Words With Friends anticipates current-quarter bookings nearly 5% higher than consensus. Revlon  (REV) lost more than one-fifth its value after swinging to a first-quarter loss. Consumer segment net sales fell around 9% as its North American business continued to perform poorly.

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TAGS: Investing | Video | Opinion | Stocks | Technology | Industrials | Entertainment | Consumer | Futures

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