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Market News: Apple, Netflix, Vitae Pharmaceuticals

The stock markets in the United States declined today after recording significant gains yesterday. The decline showed that market volatility persists, according to Bloomberg.

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Rick Fier, director of equity trading at Conifer Securities commented, “Yesterday seemed to be more of a sellers strike with just small buying and today there does not seem to be much buying. If anything, it’s been selling all day after JOLTS (Job Openings and Labor Turnover Summary) number pointing to higher rates.”

The Department of Labor reported that the number of job openings increased to 5.8 million on the last business day of July. The number of hires and separations dropped to 5 million and 4.7 million, respectively. The agency also reported that rate of layoffs and discharges fell to 1.1%. The number of positions waiting to be filled increased by 430,000 to 5.75 million, the highest since April 2010.

David Kelly, chief global strategist at JP Morgan Funds said,“Today’s job openings report is very important because with...