The Dow Jones Industrial Average (DJINDICES:^DJI) had shed 56 points as of 11:38 a.m. EST Friday. Investors may have been selling following a disappointing employment report, which showed the U.S. economy adding only 74,000 jobs last month -- far short of the 197,000 economists had anticipated. Still, the unemployment rate fell to 6.7% from 7%, which may have limited the market's loss.
Microsoft (NASDAQ:MSFT) was up more than 1% following some data from Gartner. The research firm reported yesterday that personal computer shipments were down 6.9% in the fourth quarter, as Hewlett-Packard (NYSE:HPQ) lost ground to rival Lenovo in global PC sales. Gartner said the market in developed economies for traditional PCs was showing some signs of bottoming, suggesting that Microsoft's Windows business might be in better shape than investors thought.
Gogo (NASDAQ:GOGO) shares tumbled 6%, although there wasn't much news to explain the sell-off. Investors in Gogo should be used to the volatility at this point, and Friday's move lower was largely in line with what we've seen over the last few months.
A better investment than Microsoft? Get our top stock pick for 2014
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
Sam Mattera has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.