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U.S. Stocks Slump Amid Weak Labor Data; Hot Stocks: LNKD, AIG, SWN, EL, DGI, DOLE
By: Balachander   Friday, May 4, 2012 4:34 PM
Symbols: AIG, EL, GEOY, SWN
(NASDAQ:GEOY) offered to purchase the provider of commercial earth imagery products for $17.00 per share, a 26 percent premium to DGI's previous closing price on Thursday. GEOY rose 3.5 percent.

Dole Food Company Inc. (NYSE:DOLE) soared 7.68 percent after the distributor of fresh fruit, fresh vegetables and packaged foods launched a strategic review of its businesses. The company said its options include spin off of one or more units.

Global Markets:

The European markets ended on a sharply lower note, weighed by the U.S. jobs report and a data that showed Eurozone private-sector activity dropped faster than forecast in April. A Markit report showed that the composite output index declined to 46.7 last month from 49.1 in March, also well below its earlier flash estimate of 47.4. Germany's DAX tumbled 1.99 percent to finish at 6,561.47. France's CAC40 lost 1.90 percent to close at 3,161.97. Britain's FTSE 100 retreated 1.93 percent to end at 5,655.06.
Among the Asian markets, the Shanghai Composite Index inched 0.49 percent higher to end at $2,452.35. Hong Kong's Hang Seng declined 0.77 percent to close at 21,086.00. India's BSE Sensex finished at 16,831.08, down 1.87 percent.

Commodity & Currency Scan:

Crude oil futures tumbled 3.88 percent to $98.56 per barrel, and natural gas futures retreated 2.22 percent to $2.288 per million metric British thermal units. Gold futures added 0.57 percent to $1,644.1 per ounce, and silver rallied 1.23 percent to $30.380 per ounce.
In the currency market, the euro dropped 0.48 percent against the U.S. dollar to $1.3090. The British pound dipped 0.14 percent against the greenback to 1.6144, and the dollar lost 0.40 percent against the Japanese yen to 79.8600.

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