Advanced Micro Devices (NASDAQ: AMD) stock is losing ground in Friday's trading. The semiconductor company's share price was down 5.2% as of 11:15 a.m. ET. Meanwhile, the S 500 index had fallen 1.6%, and the Nasdaq Composite index had declined 2.1%.
AMD is falling today due to multiple bearish catalysts. In addition to the latest U.S. jobs report causing investors to become more risk averse, the chip specialist's stock is also falling in conjunction with negative analyst coverage.
The Bureau of Labor Statistics (BLS) has published its latest jobs report, and the results are spurring a wave of selling across the stock market. The report shows that 256,000 jobs were added in December, coming in far ahead of the 155,000 job additions that had been forecast by economists.
Source Fool.com