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.

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


Signup for our daily newsletter and get our best articles emailed right to you!

Results for ADP
InfoTrie
31 Aug 15 19:28:08
$ADP:US ADP: Debt-Funded Share Buyback Is A Great Idea #AUTOMATIC DATA PROCESSING http://t.co/bdJxMEVgOh #SP500
Yamasuta
31 Aug 15 18:15:00
$ADP - SELL Signal at 77.32 on Aug 31, 15 By http://t.co/6PpjiKmc9G, Trading Signals Robot #stock #trading #trade #investing
FinSentS NASDAQ
31 Aug 15 15:30:49
$ADP:US ADP: Debt-Funded Share Buyback Is A Great Idea #AUTOMATIC DATA PROCESSING http://t.co/R7mn1DywFs #NASDAQ
FinSentS SP500
31 Aug 15 15:11:07
$ADP:US ADP: Debt-Funded Share Buyback Is A Great Idea #AUTOMATIC DATA PROCESSING http://t.co/H3uITS1rQZ #SP500
Market Int Center
31 Aug 15 11:00:41
Automatic Data Processing $ADP Trading Near $79.37 Resistance Level ( http://t.co/4DKDw6osLH )
Trader Daily
31 Aug 15 10:16:10
ADP, CTSH And ACN, 3 Computer Software & Services Stocks Pushing The Industry Lower $ADP http://t.co/FmMOVX0OIf
Zonebourse News
31 Aug 15 08:52:07
#ADP : Aéroports de Paris et l'Etat ont signé le Contrat de Régulation Econ... http://t.co/ExK1P27YkN $ADP
Zonebourse News
31 Aug 15 08:46:04
#ADP : Aéroports de Paris et l'Etat ont formellement signé le Contrat de Ré... http://t.co/Jz7JSbJgen $ADP
Stockmaster101
31 Aug 15 08:22:02
My Friend Made $4 Million Trading Like this! http://t.co/9Vnnw3s1D8 .. $DTV $ADP $BIDU
BreakingStocksNews
31 Aug 15 06:44:02
$MSFT $ADP $IRM: Microsoft Corporation (NASDAQ:MSFT) Captures Investor’s …: http://t.co/dzKopV1zwa
Trading Quotient
31 Aug 15 06:31:09
31 Aug 2015: Downtrend Stocks in Technology $ADBE $ADP $AMAT $APH $CTL $DNB $FIS $FLIR $GLW $IBM http://t.co/Aid2XjFuKJ
Zonebourse News
31 Aug 15 05:47:03
#ADP : Aéroports de Paris signe avec Vailog un bail à construction pour inst... http://t.co/mzxerRnpoW $ADP
ProTradersNews
31 Aug 15 04:28:03
$ADP $PRGO $ACN: Stocks Swing on Declaration: Automatic Data Processing, Inc …: http://t.co/iXZmJ1uYbO
Breaking News
31 Aug 15 04:01:04
$ADP $CLF: Intentions Seekers on News: Automatic Data Processing, Inc …: http://t.co/VNv5db9Rdh
Large Void Bot
31 Aug 15 04:00:43
Popular: $ARIA, $ACI, $BNO, $JOY, $THOR, $ADP, $AAL, $IGLD, $TWTR, $EFA, $DANG, $PLNT, $SNE, $CTL, $FOLD, $JD, $IOC, $SPIL, $OXM, $ALNY
BreakingStocksNews
31 Aug 15 03:49:05
$SCHW $ADP: News Alerts on Active Notes- Berkshire Hathaway Inc. (NYSE:BRK …: http://t.co/H65aaYlz2p
Breaking News
31 Aug 15 03:36:02
$BRK-B $SCHW $ADP: News Alerts on Active Notes- Berkshire Hathaway Inc. (NYSE:BRK …: http://t.co/T23MosbpGS
Zonebourse News
31 Aug 15 03:07:04
#ADP : Eté 2015: Nouveaux records de trafic quotidien dans les aéroports par... http://t.co/H8dFFl9PpL $ADP
Breaking News Now
31 Aug 15 01:59:02
$PFE $ADP: Worth Watching Stocks: Pfizer Inc. (NYSE:PFE), Automatic Data …: http://t.co/McMWIOAbgc
Stocksguru99
31 Aug 15 00:13:18
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/n4FmW1UTLN .. $ADP $FSFR $PMCS
Stockmaster101
30 Aug 15 21:22:54
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/9Vnnw3aqLA .. $DTV $ADP $BIDU
StockNewsWires
30 Aug 15 20:26:02
$ADP: Company Shares of Automatic Data Processing, Inc. (NASDAQ:ADP …: http://t.co/rqvixBpnm5
#HelpYouGetGAINS
30 Aug 15 17:50:05
ADP: Debt-Funded Share Buyback Is A Great Idea http://t.co/CXpF9a9NBn … $PAYC $PAYX $PCTY $ADP
Media Sentiment
30 Aug 15 17:32:04
$ADP received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 33
ProTradersNews
30 Aug 15 17:32:02
$ADP $PAYC $PCTY: ADP: Debt-Funded Share Buyback Is A Great Idea: http://t.co/TaUxpDMeLt
Tech Stocks
30 Aug 15 17:30:11
ADP: Debt-Funded Share Buyback Is A Great Idea http://t.co/IY37wmZpI1 $PAYC $PAYX $PCTY $ADP
Long & Short Ideas
30 Aug 15 17:30:11
ADP: Debt-Funded Share Buyback Is A Great Idea http://t.co/6kXkrBiZqw $PAYC $PAYX $PCTY $ADP
Seeking Alpha
30 Aug 15 17:30:10
ADP: Debt-Funded Share Buyback Is A Great Idea http://t.co/FQpfkwl4Zu $PAYC $PAYX $PCTY $ADP
Yamasuta
30 Aug 15 16:20:00
$ADP - BUY Signal at 78.03 on Aug 27, 15 By http://t.co/6PpjiKmc9G, Trading Signals Robot #stock #trading #trade #investing
Clint Allen
30 Aug 15 15:31:28
Automatic Data Processing upgraded by William Blair to outperform. http://t.co/75yvkzA01F $ADP #ADP via @RatingsNetwork
King of investments
30 Aug 15 09:28:02
No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/LipYh58MjN $ADP, $DIA, $IWM, $PAYC, $PAYX, $SPY
Trading Quotient
30 Aug 15 06:31:57
30 Aug 2015: Downtrend Stocks in Technology $ADBE $ADP $AMAT $APH $CTL $DNB $FIS $FLIR $GLW $IBM http://t.co/TIJxnQUYQm
Adrian
30 Aug 15 04:21:33
RT @SeekingAlpha: No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/iC4OlfDUwd $ADP $DIA $IWM $PAYC $PAYX $SPY
Jason Olive
30 Aug 15 04:14:37
RT @SeekingAlpha: No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/iC4OlfDUwd $ADP $DIA $IWM $PAYC $PAYX $SPY
Grand Theft Auto
30 Aug 15 04:07:56
RT @SeekingAlpha: No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/iC4OlfDUwd $ADP $DIA $IWM $PAYC $PAYX $SPY
Quantpost $IWM
30 Aug 15 04:03:43
$IWM News: "No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM $ADP …" http://t.co/rKfC1BdwGD Analyze: https://t.co/GXFpLGYGWC
Long & Short Ideas
30 Aug 15 04:03:42
No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/Z2iPpUcY1J $ADP $DIA $IWM $PAYC $PAYX $SPY
Seeking Alpha
30 Aug 15 04:03:42
No Growth/Slow Growth/Slightly Negative GDP? No Problem For HCM http://t.co/iC4OlfDUwd $ADP $DIA $IWM $PAYC $PAYX $SPY
Yamasuta
29 Aug 15 19:10:00
$ADP - BUY Signal at 78.03 on Aug 27, 15 By http://t.co/6PpjiKmc9G, Trading Signals Robot #stock #trading #trade #investing
Options Answers
29 Aug 15 14:56:19
RT @PolgarStocks: ADT ADT Corp. Bid Size http://t.co/DCgmcQIk7Y $ADT $AMBA $AGU.TO $ADP #ADT #stocks #stockmarket
Investors Hangout
29 Aug 15 14:48:06
WMIH WMI Holdings Corp. Investor Opinions http://t.co/HOBbkzJa23 $WMIH $ADP $_X $UAL #WMIH #tradeideas #invest
Rosner Stocks
29 Aug 15 14:41:06
IWM Russell 2000 iShares Message Board Posts http://t.co/4WrAA0RNjq $IWM $UWTI $ESLT $ADP #IWM #tradeideas #share
danrocks
29 Aug 15 14:40:05
IBM International Business Machines % Change http://t.co/hGwygT7XXn $IBM $ADP $AGU.TO $XLP #IBM #stockmarket #pennystocks
Stock_Tracker
29 Aug 15 14:36:03
CTLE Nano Labs, Corp. Exchange http://t.co/eLfdY0Y3gy $CTLE $AAWW $ADP $SCO #CTLE #stock #invest
ALittleLonger
29 Aug 15 14:34:26
RT @theflynews: On The Fly: Analyst Upgrade Summary $ADP $ASML $ANF $AKAM $ARCC $SAN $CM $CAJ $C $CTRP $LOCO $GHDX $GLNG $HABT... http://t.…
danrocks
29 Aug 15 14:33:05
APA Apache Corp. Day High http://t.co/Ge6Jblksgx $APA $ADP $PANW $SIRGQ #APA #stocks #tradeideas
Rosner Stocks
29 Aug 15 14:32:08
ADP Automatic Data Processing, Inc. Ideas http://t.co/FhfMDCaqBE $ADP $MDY $CSCO $VTR #ADP #pennystocks #pennystocks
PolgarStocks
29 Aug 15 14:32:07
ADT ADT Corp. Bid Size http://t.co/DCgmcQIk7Y $ADT $AMBA $AGU.TO $ADP #ADT #stocks #stockmarket
Trade Followers
29 Aug 15 12:47:00
$ADP was one of the most bullish stocks on Twitter over the past year. https://t.co/1FksfTzh9G
chartseer
29 Aug 15 11:28:02
$ADP can resume selling if the previous candle's low is taken out http://t.co/yd28yywNlI
				
				
By  +Follow January 10, 2014 2:06PM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN