Stocks Reverse Following Weak Jobs Report, Target Breach Worsens

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Stocks Reverse Following Weak Jobs Report, Target Breach Worsens

by TheStreet.com Videos 1:03 mins

Stocks Reverse Following Weak Jobs Report, Target Breach Worsens

by TheStreet.com Videos 1:03 mins

Stocks reversed in midday trading and are in the red, following the disappointing Decembers jobs report. The U.S. economy added just 74,000 jobs in December, well below economists forecasts of 200,000 and the worst level of monthly job creation in almost three years. Meanwhile, shares of Sears Holdings are falling one day after reporting steep declines in comparable store sales at K-Mart and Sears stores during the holiday season. Target is sliding as well after acknowledging that a payment card data breach during the holiday season affected as many as 70 million people, more than double the number previously estimated.

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