Stock Market Watch

Market Mixed in Early Trading after Opening Slightly Higher- Labor Department Reports Positive Jobs Data

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The U.S. equity market is mixed in early trading after opening slightly lower. The Dow Jones is currently down 0.05% to 11,429.09 after opening at 11,435.22, the S&P 500 is currently up 0.06% to 1,221.90 after opening at 1,221.20 and the Nasdaq is currently down 0.08% to 2,575.21 after opening at 2,577.63.

The Labor Department today came out with the much awaited jobs report for the month of October. The Labor Department reported that the U.S. economy added 151,000 jobs in the month of October. According to figures released by the Labor Department, private sector added 159,000 jobs in October, while government sector cut 8,000 jobs in October.

Atmel Corporation (NASDAQ: ATML) shares are soaring in early trading after the company reported its third-quarter financial results. The company reported third-quarter revenue of $444.3 million, up 13% over the second quarter of 2010 and 40% over the third quarter of 2009. The company reported third-quarter net income of $219.8 million, or $0.47 per diluted share, compared with net loss of $36.4 million, or $0.08 per diluted share reported in the second quarter of 2010 and a net loss of $17.5 million, or $0.04 per diluted share reported in the third quarter of 200. Shares of Atmel are currently up 10.88% to $9.90. The stock touched a 52-week high f $10.04 in early trading.



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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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