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Market News: KaloBios Pharmaceuticals, UTi Worldwide, Presbia

The stock markets in the United States ended the trading session down as investors reacted to the jobs report from the Department of Labor. The agency reported that the economy added 173,000 jobs in August, and the unemployment rate was 5.1%, the lowest since April 2008.

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In an interview with Bloomberg, Patrick Blais, a fund manager at Manulife Asset Management said,” It’s “a glass-half-empty kind of day. Right now there’s a lot of nervousness, so it’s natural for the market to react aggressively.”

On the other hand, Mark Spellman, a fund manager at Alpine Funds in Purchase commented that the market weakness was primarily caused by the continued concerns about the global economic growth. He said, “There’s a risk-off mentality rather than a risk-on one going into a three-day weekend for the U.S. and after...


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