Stocks Fall For The fourth Straight Session (AA, HPQ, BAC, AOL, MSFT, WOLF, SNE, CKSW, CRRB)

U.S. stocks slumped on Monday on disappointing jobs data on Friday and fell to near one month lows, when markets were closed for the Good Friday holiday, while shares of AOL, Inc. bucking the trend and soared on news of a patent deal with Microsoft Corp.

The Dow Jones Industrial Average plunged 133 points, or 1%, to 12,927.20, while those for the Standard & Poor’s 500 index slid 17 points, or 1.2%, to 1,381. Futures for the Nasdaq 100 index fell 40 points, or 1.31%, to 3,040.
The Labor Department said on Friday that The U.S. generated 120,000 jobs last month, well below economists’ estimates of an increase of 210,000, seasonally adjusted. The unemployment rate fell to 8.2%, the lowest level since January 2009, the decline stemmed entirely from people dropping out of the labor force. It’s the first time that’s happened this year.

March’s nonfarm payrolls marked the first time since November that job growth was below the 200,000 level.
AOL, Inc.(NYSE:AOL) is the big winner and soared 39% to $25.65 after hitting a new 52-week high of $25.81 on news that r the company agreed to a $1.06 billion patent-licensing-and-sale deal with Microsoft Corporation(NASDAQ:MSFT). The company signaled that it would payback a “significant” part of the proceeds from the deal to its shareholders.
Vringo, Inc.(NYSEAMEX:VRNG) shares also climbed 6.77% to $2.90 on speculation of patent selling after AOL-MSFT deal.
There are only two stocks up on the DOW with Alcoa Inc.(NYSE:AA) is trading higher by 0.50% as the company is all set to start kicks off earnings season tomorrow after market hours. Hewlett-Packard Company(NYSE:HPQ) is up about 0.10%. while, Bank of America Corp(NYSE:BAC) is the biggest percentage loser and slid about 3%.
Great Wolf Resorts, Inc.(NASDAQ:WOLF) rose 10.12% to $7.26 after the company said that KSL Capital Partners boosted its offer price to buy the company to $7 a share.  The offer is followed by a going private offer from Apollo Global Management LLC(NYSE:APO) for $6.70 a share.Sony Corporation (ADR)(NYSE:SNE) rose 0.25% after the company said that it will lay off 10,000, or 6%, of its jobs worldwide as part of new Chief Executive Kazuo Hirai’s restructuring plan, according to Dow Jones Newswires, which cited people familiar with the situation.ClickSoftware Technologies Ltd.(NASDAQ:CKSW) shares slumped 13% after reporting lower than estimated first quarter results. The company also forecasted worse than estimated revenue growth guidance of 12%.Carrollton Bancorp(NASDAQ:CRRB) added 23.46% to $5 after the parent company for Carrollton Bank, said it agreed to be merged with Jefferson Bancorp, Inc., the parent company for Bay Bank and FSB. Carrollton will be the surviving holding company in the merger.