logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

DJIA Retreats as Dismal Jobs Report is Celebrated on S&P 500, NASDAQ

By  +Follow January 10, 2014 2:06PM
Share:
Tickers Mentioned:

Stocks on Wall Street ended mostly higher on Friday to conclude the first full week of trading in 2014, with the Dow Jones Industrial average beating a slight retreat into negative territory.

The Standard & Poor’s 500 was up almost a quarter of a percent to 1,842.37 points, while the NASDAQ was up 0.44 percent to close at 4,174.66 points. The Dow Industrials were off by 0.05 percent to 16,037.05 by the closing bell.

The Department of Labor’s much-anticipated jobs report for the month of December came as a big surprise for Wall Street, as the nation added a mere 74,000 jobs during the period, well short of expectations for an addition of 193,000 jobs. The surprise was all the more significant given ADP’s (ADP) surprisingly great private sector jobs report earlier in the week.

Despite the miss on job creation, the unemployment rate in the US declined once again, to 6.7 percent, but stocks for the most part were not affected by concerns over the possibility that the Federal Reserve will be more willing to cut back on stimulus spending as the unemployment rate inches closer to the Central Bank’s 6.5 percent target rate.

After what could reasonably be described as a tough week, big tech stocks rallied on the day to lift the S&P 500 higher. Facebook (FB) , Microsoft (MSFT) , Micron Technology (MU) , Juniper Networks (JNPR) , and Cisco Systems (CSCO) all gained on the some of the day’s heaviest trading.

The Dow Industrials ended lower, at least in part as a result of the coming earnings season. Oil giant Chevron (CVX) was the benchmark index’s worst performer, dropping almost 2 percent by the end of trading after releasing an underwhelming update on it’s fourth-quarter numbers. Health insurance provider Unitedhealth Group (UNH) was not far behind, also down almost 2 percent, in reaction to news of the likelihood of greater than expected funding cuts for the Medicare Advantage program.

On the NASDAQ, the story was once again all about healthcare and tech stocks, as Intercept Pharmaceuticals (ICPT) continued to tear upwards, adding another 60 percent by the close after nearly tripling its share-price the previous day. Meanwhile, Sangamo BioSciences rose one percent, hitting a 10-year high on news of a forthcoming deal with Biogen Idec (BIIB) to develop treatments for hemoglobin disorders.

Electronics manufacturer Plug Power Inc. (PLUG) added another 10 percent after sustaining losses the previous day. The stock is up 40 percent on the week. Semiconductor manufacturer Atmel Corporation (ATML) added over 5 percent ahead of the close, and Intel (INTC) added almost 1 percent by the close.

Investors with a taste for IPOs will want to make sure to have a look at Equities.com Executive Editor Henry Truc’s analysis of the rhyme & reason behind Darden Restaurants’ (DRI) upcoming decision to spin-off its ailing Red Lobster chain.

Results for ADP
Chillanense
22 Apr 14 18:50:16
Mañana en Chillán: Continua la venta de entradas para el partido / Ñublense $ADP - CC | http://t.co/PJlDXIeUO1
Crew Daily
22 Apr 14 14:01:33
$ADP ADP Announces Enhancemen http://t.co/a7ZXIBitIC
Daily Contracts
22 Apr 14 12:58:10
Real-Time feed of company contracts, original agreements and executive updates from Automatic Data Processing $ADP http://t.co/33oTjOTkyF
Luther Garcia
22 Apr 14 11:05:02
#Stocks you might want to hold onto $NI $ADP $CCI $GAIN Click http://t.co/zi9kR6AjHq
Daily Contracts
22 Apr 14 11:02:01
Real-Time feed of company contracts, original agreements and executive updates from Automatic Data Processing $ADP http://t.co/aMcAOZxoWP
Market Int Center
22 Apr 14 10:32:26
Automatic Data Processing $ADP Showing Bearish Technicals With Resistance At $76.76 ( http://t.co/HtFrqEMoqz )
Edmond Flores
22 Apr 14 10:09:34
Is it breakout time on $ADP $EXPE $CTL $IBM #newsletter http://t.co/37PXdOTOVj
Informer
22 Apr 14 07:17:10
$ADP: ADP Announces Enhancements to Human Capital Management Platform at Liv... http://t.co/iwFg4R7q2h
Stock News 24
22 Apr 14 07:04:19
$ADP - ADP Announces Enhancements to Human Capital Management Platform at Liv... -> http://t.co/j9MK32dIy7 #stock #stocks #stockaction
4-traders.com
22 Apr 14 06:20:07
Automatic Data Processing : ADP Announces Enhancements to Human Capital Management Platform at Live Virtual... http://t.co/ezfzqEfAeu $ADP
Informer
22 Apr 14 04:06:36
$ADP: TriNet - Strong Performance By This Recent Public Offering, Yet Concer... http://t.co/uzLF9pMjzB
GavinGreenberg
22 Apr 14 03:57:37
$ADP: TriNet - Strong Performance By This Recent Public Offering, Yet Concer... http://t.co/86hzuwX800
stocknews247
22 Apr 14 03:47:09
$ADP - TriNet - Strong Performance By This Recent Public Offering, Yet Concer... -> http://t.co/mKzjBdYmNo #stock #stocks #stockaction
Media Sentiment
22 Apr 14 03:36:46
$ADP received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 45
Seeking Alpha
22 Apr 14 03:34:18
TriNet - Strong Performance By This Recent Public Offering, Yet Concerns Remain http://t.co/0L5hZemge7 $ADP $TNET
Stockaholics
22 Apr 14 00:28:03
Members saw 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $DTV $ADP $BIDU
Walden Gretzky
21 Apr 14 23:58:57
Stocks I'm keeping my Eye on...should you? $ADP $NEU $BHI $IBM Goto http://t.co/OoIyF86Z29
Jeraldine Ison
21 Apr 14 22:12:09
Get Free research on $ODFL $ADP $UA $NUAN Try this http://t.co/BwvJ3t4Phg
Lars Kingston
21 Apr 14 21:59:38
This weeks Stocks you should Watch $OHI $MDR $ADP $DO Click http://t.co/7Is7FENWyE
Romulus Eatonue
21 Apr 14 19:02:34
$ADP Stocks to Watch this week $HST $NE $CHTP #singedinvestor http://t.co/sR4X7XWlc0
Alfredo Gilham
21 Apr 14 17:05:33
$ADP Senior ADP exec leaving at year's end http://t.co/r4jI6PAXvq
MarketCurrents
21 Apr 14 15:21:26
Senior ADP exec leaving at year's end http://t.co/beRxyUQpQ5 $ADP
Stockaholics
21 Apr 14 14:07:12
After 5,000% gains, our New SECRET Penny Stock Alert, is coming today! Check it out: http://t.co/jrft0mERif $DTV $ADP $BIDU
Mari Keith
21 Apr 14 13:54:39
Find out the latest on $BBBY $WYN $ADP $SLW Must see http://t.co/dyhXvYDLGM
Daily Contracts
21 Apr 14 13:05:02
Real-Time feed of company contracts, original agreements and executive updates from Automatic Data Processing $ADP http://t.co/33oTjOTkyF
Cecily Humphrey
21 Apr 14 12:40:10
Get more info on $FCS $ADP $COG $CADX Must see http://t.co/doNiDSkPwj
Esau Cooper
21 Apr 14 12:39:37
Dont want to lose like you did with $TCO $ADP $FOXA $YOD Give it a try http://t.co/E4fGIyey0w
Mind Equity
21 Apr 14 12:38:31
Are you considering selling $XLNX $ADP $MNST $CHTP Worth a look http://t.co/bHwRoh697C
GavinGreenberg
21 Apr 14 12:12:07
$ADP: AUTOMATIC DATA PROCESSING INC Files SEC form 8-K, Change in Directors ... http://t.co/GJiV7b6tfJ
Marius Jackson
21 Apr 14 12:10:14
$ADP Get the latest on $LGF $LM $AAPL #equity http://t.co/e1cfabkfMq
Alfredo Gilham
21 Apr 14 12:10:05
$ADP AUTOMATIC DATA PROCESSING INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and...
Stock News 24
21 Apr 14 12:04:26
$ADP - AUTOMATIC DATA PROCESSING INC Files SEC form 8-K, Change in Directors ... -> http://t.co/yUXtXf4CNq #stock #stocks #stockaction
john smith
21 Apr 14 12:04:03
$ADP - Current Report Filing (8-k) http://t.co/pS3sajo8ij
BV Technology
21 Apr 14 12:02:38
$ADP Automatic Data Processing Inc files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fi.. http://t.co/JTQtjXEq3e
4-traders.com
21 Apr 14 11:50:03
AUTOMATIC DATA PROCESSING : Change in Directors or Principal Officers, Financial Statements and Exhibits (f... http://t.co/Sg54QvS2B8 $ADP
Osiris Angelo
21 Apr 14 11:09:13
Looking for the next $TCO $ADP $INCY $CHTP #personalfinance http://t.co/3h2fa5uLUc
Brenden Black
21 Apr 14 10:43:58
#Stocks to hold onto $TCO $ADP $LNT $HIT #overvalued http://t.co/RnYArnmwyZ
Rufus Diaz
21 Apr 14 10:39:22
Todays movers to research $SPLK $ADP $APOL $DO #financialnews http://t.co/rdmFcnhjuG
Mariano Maesta
21 Apr 14 10:39:01
$ADP ADP Recommends Shareholders Reje http://t.co/xuqCouY5TB
Stockaholics
21 Apr 14 09:48:49
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $DTV $ADP $BIDU
JD Dollar
21 Apr 14 08:53:28
Find the next hot #pennystock $ADP $QEP $MKL $RT #money http://t.co/UCWgYvAYd4
Pike Gall
21 Apr 14 08:41:19
$HTS Are you thinking of selling $ODFL $ADP $ISRG #wealthmanagement http://t.co/B5qeFykj0V
Alfredo Gilham
21 Apr 14 06:38:06
$ADP News Review: VMware, Inc. (NYSE:VMW), Ericsson, (NASDAQ:ERIC), Automatic ... http://t.co/rsvZohzgwB
Esau Cooper
21 Apr 14 06:11:40
This weeks Stocks you should Watch $ADP $FTNT $LB $CAG #overvalued http://t.co/MgBgmcwD9c
Esau Braxton
21 Apr 14 05:52:49
$ADP ADP Recommends Shareholder http://t.co/NEAlpcYmfX
Yanira Flinte
21 Apr 14 03:27:42
$ADP ADP Recommends Shareholder http://t.co/BYg4g3rdBO
Legend Boulstridge
21 Apr 14 02:24:21
$ADP ADP Recommends Shareholder http://t.co/XnrykRx2uV
Candance Stull
21 Apr 14 01:42:40
$ADP Are you hanging on to $UGI $MKL $RT #overvalued http://t.co/KUCfOQLZbR
Market Research
21 Apr 14 01:42:10
Should you buy, sell or hold $ADP $RSG $JAH $BWP View now http://t.co/jbTBSRx9Or
Walden Gretzky
20 Apr 14 22:12:17
Are you putting your money in $WTM $FDS $ADP $DO Give it a try http://t.co/muBEHdqwZ6
				
				
By  +Follow January 10, 2014 2:06PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.