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

By  +Follow January 10, 2014 2:06PM
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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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for ADP
Stocks On The Move
30 Jul 15 13:02:39
ADP slumps after FQ4 miss, light FY16 EPS guidance http://t.co/T8DXFuak3b $ADP
Tech Stocks
30 Jul 15 13:02:39
ADP slumps after FQ4 miss, light FY16 EPS guidance http://t.co/aKBrb1cSGj $ADP
Breaking News
30 Jul 15 13:02:38
ADP slumps after FQ4 miss, light FY16 EPS guidance http://t.co/z25I0nP9ia $ADP
Hot Stock Bot
30 Jul 15 12:58:22
$ADP drops -2.51%, currently trading at $80.27
Michael Cook
30 Jul 15 12:15:38
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $DTV $ADP $BIDU
Michael James
30 Jul 15 12:10:29
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $DTV $ADP $BIDU
Paul Henry
30 Jul 15 12:02:54
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $DTV $ADP $BIDU
WKRB News
30 Jul 15 08:59:28
Automatic Data Processing $ADP Issues Earnings Results http://t.co/idi0Z3pxXO
Michael Cook
30 Jul 15 08:58:34
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $DTV $ADP $BIDU
Michael James
30 Jul 15 08:54:25
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $DTV $ADP $BIDU
Paul Henry
30 Jul 15 08:48:54
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $DTV $ADP $BIDU
Ticker Report
30 Jul 15 07:41:51
Automatic Data Processing $ADP Releases FY16 Earnings Guidance http://t.co/OGxdAlXigX
Dakota Financial
30 Jul 15 07:40:05
Automatic Data Processing $ADP Releases FY16 Earnings Guidance http://t.co/SjZYs0f4DA
Capital Market Labs
30 Jul 15 07:26:31
Website -> http://t.co/NsrwHeWMQ8 $ADP Reports Thursday, Consensus Est. Rev: $2736.94M, EPS: $0.59 http://t.co/JzdO19my3d
FinSentS NASDAQ
30 Jul 15 07:26:08
$ADP:US Automatic Data Processing Q4 Profit Rises - Quick Facts #AUTOMATIC DATA PROCESSING http://t.co/6Sll9oW71g #NASDAQ
v2 Ratings Bot
30 Jul 15 07:13:58
$ADP looks attractive (rated 7.7 as price is down to 78.40). Price vs ratings chart: http://t.co/jc61oohoH8
FinSentS SP500
30 Jul 15 07:06:27
$ADP:US Automatic Data Processing Q4 Profit Rises - Quick Facts #AUTOMATIC DATA PROCESSING http://t.co/9gN1Un14yg #SP500
Clark Joseph Kent
30 Jul 15 06:59:51
Early Movers $PG $CI $SWK $TWC $HOT $CAH $SSYS $ADP $GNC $FB $WFM $WYNN $F $LOCK $MAR $WDC $BIDU $MET $ABI $NOK $TSLA http://t.co/zBulDtBi3W
AlphaStreet
30 Jul 15 06:55:02
$ADP 4Q15 Q&A - David, Evercore: New business bookings growth outlook? Carlos: Middle range of 8-10% is the right place for the company.
Denny
30 Jul 15 06:51:20
RT @OptionsHawk: $ADP - Automatic Data PEO Services +16%, should set up + for $PAYX $TNET $NSP
Trading Quotient
30 Jul 15 06:31:15
30 Jul 2015: Downtrend Stocks in Technology $ADBE $ADP $AMAT $AMD $CA $CTL $CTXS $DNB $FSLR $GLW http://t.co/rn7MAwxh2o
Yamasuta
30 Jul 15 06:30:00
$ADP - BUY Signal at 82.34 on Jul 29, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Zacks.com
30 Jul 15 06:26:32
Automatic Data missed our earnings expectations at $0.55 per share. $ADP http://t.co/8HQbC1Sf4A
AlphaStreet
30 Jul 15 06:25:40
$ADP 4Q15 Call: Revenues grew 7% to $10.9Bil for 2015. Consolidated pre-tax margin improved by 60 BPs for 2015.
AlphaStreet
30 Jul 15 06:25:36
$ADP 4Q15 Call: New business bookings grew considerably better than expectations to 18% for 4Q15 and 13% for 2015.
Briefing.com
30 Jul 15 06:20:48
$ADP: Automatic Data misses by $0.04, misses on revs; guides FY16 EPS below consensus, revs in-line http://t.co/XH3KZQ3OHa
Zonebourse News
30 Jul 15 06:15:06
#ADP : AEROPORTS DE PARIS : l'accord sur les hausses de prix déçoit http://t.co/dYKauNQhZs $ADP
CHItraders
30 Jul 15 05:53:33
$ADP FQ4 EPS of $0.55 misses by $0.04.Revenue of $2.7B (-12.1% Y/Y) misses by $40M.
Marlow Bristow
30 Jul 15 05:51:21
Early movers: $PG $CI $SWK $TSLA $FB $WFM $HOT $SSYS $ADP $GNC $WYNN $F $LOCK $BIDU $CAH $TWC & more http://t.co/MEITE8ZFeY
King of investments
30 Jul 15 05:41:10
Automatic Data Processing (ADP) Q4 2015 Results - Earnings Call Webcast http://t.co/Npm81RlwGa $ADP
Joe Kunkle
30 Jul 15 05:37:45
$ADP - Automatic Data PEO Services +16%, should set up + for $PAYX $TNET $NSP
Ticker Report
30 Jul 15 05:26:16
Automatic Data Processing $ADP Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS http://t.co/5ZGIk8W09i
Tech Stocks
30 Jul 15 05:25:10
Automatic Data Processing (ADP) Q4 2015 Results - Earnings Call Webcast http://t.co/530pCGo4ar $ADP
Earnings Transcripts
30 Jul 15 05:25:09
Automatic Data Processing (ADP) Q4 2015 Results - Earnings Call Webcast http://t.co/F3GDPx6d1G $ADP
Seeking Alpha
30 Jul 15 05:25:09
Automatic Data Processing (ADP) Q4 2015 Results - Earnings Call Webcast http://t.co/47leZCdmg0 $ADP
Dakota Financial
30 Jul 15 05:24:40
Automatic Data Processing $ADP Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS http://t.co/2YYxZB9vD8
EarningsCast
30 Jul 15 05:21:59
Listen to $ADP Q4 2015 earnings call - live at 08:30 AM, ondemand after - http://t.co/dXKaJhsiM7
Stock Market Picks
30 Jul 15 05:19:11
$ADP reported EPS 0.55 vs consensus 0.59 revenues of $2694 vs EST $2742 YR/YR REV 5%, in line guidances. http://t.co/4gCmvZU95z $QQQ $SPY
Thudder & Wicks
30 Jul 15 05:08:02
$ADP profit misses, but outlook is above views http://t.co/CaRrqfbCj0
Earnings News
30 Jul 15 04:57:43
$ADP reported earnings of $0.55, consensus was $0.59, Earnings Whisper was $0.61 via @eWhispers #whispermiss http://t.co/ZE1ACeY2qW
AlphaStreet
30 Jul 15 04:54:45
$ADP 4Q15 PR: Employer Services revenues increased 2% to $2.2Bil. PEO Services revenues increased 16% to $678MM. http://t.co/PscjbiHHof
AlphaStreet
30 Jul 15 04:54:31
$ADP 4Q15 PR: Revenues from continuing operations were $2.7Bil. Net earnings were $336.2MM. Diluted EPS was $0.72. http://t.co/05oSw65p8H
Consumer News
30 Jul 15 04:41:38
Automatic Data Processing announces earnings. $0.55 EPS. Misses estimates. $2.70b revenue. http://t.co/4PtjpfuD2E $ADP #ADP
Estimize
30 Jul 15 04:40:00
@tjkyner Your estimate for $ADP Q4 2015 has been scored – http://t.co/p1g3SfQdYP
Estimize
30 Jul 15 04:35:08
@TrembFredrick Your estimate for $ADP Q4 2015 has been scored – http://t.co/P8j1aeGdVx
Estimize
30 Jul 15 04:34:16
Great work by Oppenheimer_20 who takes the win for $ADP beating 9 other analysts and the Wall Street Consensus - http://t.co/iLKobKCXp7
Estimize
30 Jul 15 04:34:15
$ADP misses the Estimize EPS Consensus by 6c and the Estimize Revenue Consensus by $106.99M - http://t.co/IMABleNIlS
Estimize
30 Jul 15 04:34:14
$ADP reports FQ4 earnings of 55c EPS and $2.70B Revs - http://t.co/pCoU02vESv
US Banking News
30 Jul 15 04:30:36
Automatic Data Processing announces earnings. $0.55 EPS. Misses estimates. $2.70b revenue. http://t.co/qZ7yWEzBcB $ADP #ADP
binaryoptionsocial
30 Jul 15 04:16:03
$ADP received a new alert. Find out why at http://t.co/rRtKVALqb5 #stocks #daytrading #trading #mkt #NYSE #NASD… http://t.co/Csk7miIhta
				
				
By  +Follow January 10, 2014 2:06PM
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