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10B Daily News – Tuesday, April 10, 2012 NEW YORK (AP) — Investors had a three-day weekend to brood over disap- pointing job growth in March. When they got back to work Monday and delivered their verdict, it wasn't good. Stocks closed sharply lower, sending Dow closes below 13,000 for first time in a month Wall Street the Dow Jones industrial average and the Standard & Poor's 500 index to only their second four-day losing streak this year. The Dow finished down 130.55 points at 12,929.59, its first close below 13,000 since March 12. The S&P ended the day off 15.88 points at 1,382.20. The Nasdaq composite closed down 33.42 at 3,047.08. The Dow and S&P had four consecu- tive trading days of declines at the end of January, but the losses then were small- er. The Dow lost 124 points over that stretch. It has lost about 330 this time. Stocks had their best first quarter since 1998 but have stumbled in April. Last week, the Federal Reserve suggest- ed that it is disinclined to take further steps to help the economy, and the Euro- pean debt crisis flared in Spain. Then on Friday, with the stock market closed for Good Friday, the government said the country added just 120,000 jobs in March, half the pace from December through February. Facebook is spending $1 billion to buy the photo- sharing company Insta- gram in the social net- work's largest acquisition ever. NEW YORK (AP) — apply filters to photos they snap with their Instagram lets people investors sold stocks broadly. All 10 industry groups in the S&P 500 fell on Monday, with financial stocks the worst performers. Bank of America fell 3.2 percent, and Citigroup was off 2.4 per- cent. Of the 30 stocks that make up the Dow, only two, McDonald's and Hewlett-Packard, finished higher. Traders at least didn't sell in great num- bers: Volume on the New York Stock Exchange was 3.1 billion shares, the lightest in almost a month. Most school districts in New York and New Jersey are closed this week for spring week. Investors bought bonds, sending the yield on the benchmark 10-year Trea- sury note to 2.04 percent, down 0.02 per- centage point from Friday. Yields also fell for longer-term U.S. bonds. Rex Macey, chief investment officer After a long weekend to think it over, at Wilmington Trust Investment Advi- sors, cautioned that the jobs report reflected only one disappointing month. Like a doctor, he said, ''I'd order up more tests before declaring this as a trend.'' The next test will come quickly. Alcoa, the aluminum company, reports mobile devices and share them with friends and strangers. Some of the fil- ters make the photos look as if they've been taken in the 1970s or on Polaroid cameras. ''This is an important milestone for Facebook because it's the first time we've product and company with so many users,'' CEO Mark Zuckerberg wrote on his Facebook page. ''We don't plan on doing many more of these, if any at all.'' Facebook said it plans to keep Instagram running ever acquired a its first-quarter earnings Tuesday, the first of the Dow 30 to weigh in. Two major banks, JPMorgan Chase and Wells Fargo, report Friday. Analysts are expecting quarterly earnings to decline slightly compared with a year earlier. That would break a streak of nine quarters of earnings growth since 2009. Elsewhere Monday, the price of crude oil fell 1.9 percent, and gold and plat- inum rose a little less than 1 percent. The euro rose to $1.3116 late Monday, up about two-tenths of a penny from Friday. Among other stocks making moves: — AOL shot up 43 percent after the company agreed to sell hundreds of patents and patent applications to Microsoft for a little more than $1 bil- lion. The company plans to return some of the cash to shareholders. — Avon fell 3.1 percent after the struggling beauty products company named a former executive at Johnson & Johnson, Sherilyn McCoy, to be its CEO. Investors read it as a signal that Avon will fend off acquisition overtures. — Sherwin-Williams Co. gained 1 percent after the company raised its fore- cast for first-quarter profit following a 20 percent surge in sales at its paint stores. Facebook buying photo-share app Instagram for $1B independently. That's a departure from its tenden- cy to buy small startups and integrate the technol- ogy — or shut them down altogether just so it can hire talented engineers and developers. ''We think the fact that Instagram is connected to other services beyond Facebook is an important Respecting People. Impacting Business Call us. And get back to work. Call us any time for: • An extensive network of recruiting sources • HR expertise and support services • Temporary Workers • Evaluation hire • Testing and training • Experienced recruiters • Full-time employees • Carefully screened candidates • Dedicated service part of the experience,'' Zuckerberg wrote. ''We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the abili- ty to have followers and follow people separately from your friends on Facebook.'' Facebook is paying cash and stock for San Francisco-based Insta- gram and hiring its rough- ly 10 employees. The deal is expected to close by the end of June. Menlo Park, Calif.- based Facebook is expect- ed to complete its initial public offering of stock next month. 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