Swiss Stocks Edge Down Amid Profit Taking

(RTTNews) - Swiss stocks dropped into negative territory in the final hour of Friday's session, trimming weekly gains despite a strong U.S. jobs report.

Anxiety over Ukraine was felt throughout the session, as a military copter was shot down by pro-Russian forces.

The Swiss Market Index dropped 0.4 percent, but was up 0.8 percent for the week.

Notable losers today included cyclical stocks like watch maker Swatch, which fell 3.6 percent and Richemont, down 1.5 percent.

Novartis rose 0.7 percent after a buy recommendation rom Jefferies.

Clariant gained 2 percent as traders continued to react positively to the sale of its leather business.