Hot Economic News Releases

The NYSE opened up but on a cautious note Friday after the release of monthly statistics of the labor market in the United States, which rekindled fears of a slowdown in economic recovery.

A few minutes after the start of trading, the Dow Jones gained 0.27% to 9759.21 points, the Standard & Poor's 500 index 0.44% to 1,031.86 and the Nasdaq Composite 0.34% at 2108.48.

The U.S. economy has destroyed 125,000 non-agricultural jobs in June, according to Labor Department statistics, a figure slightly higher than expected.This is the first time since the beginning of the year that the U.S. economy is destroying jobs.

Among the values sought in early trading, the "biotech" Biogen and Allergan earn more than 6% and 8% respectively after news reports that Sanofi-Aventis is preparing a major acquisition in the United States.

• The unemployment rate continues to decline in the U.S. in February
• The number of jobs created in the U.S. disappoints in June
• Genzyme confirms direct talks with Sanofi
• Sanofi says the negotiations are progressing with Genzyme
• Wall Street is reluctant to open after the employment figures

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