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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.


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Results for ADP
Stockaholics
20 Aug 14 20:56:45
$GLBH closed up 150% today! Major Update: http://t.co/WFeoEydWra $DTV $ADP $BIDU
Financial Updates
20 Aug 14 20:02:41
$ADP: Automatic Data Processing Earnings Projected to Increase http://t.co/OfGzVi3VTE http://t.co/YtAjnjmpyJ
Wall Street Monitor
20 Aug 14 19:02:49
$ADP: Insider Selling: Leslie A. Brun Sells 1250 Shares of Automatic Data Processing ... http://t.co/VURlGRW3I9 http://t.co/u4iINcEvHv
Kimbra Fox
20 Aug 14 18:41:17
ADP unveils new name for spinoff: CDK Global http://t.co/Lo8oiREUVd $CDK $ADP
Park Research, LLC.
20 Aug 14 16:27:59
Today's cheap option. $ADP. Straddle priced at: $2.55. PRC option fair price: $3.02.
Stockaholics
20 Aug 14 12:35:19
SKYF ran up as much as 300% Today! News Update: http://t.co/5A4Sg5sQA5 $DTV $ADP $BIDU
DividendGeek.com
20 Aug 14 11:55:59
Automatic Data Processing: A Spin-Off Play And An Endlessly Increasing Dividend http://t.co/I3VnAr6Kjv $ADP
Day Trade Alerts
20 Aug 14 09:49:47
RT @Street_Insider: Our Event Driven Calendar is heating up again. Recent updates on $IRF, $LIN, $SFLY, $SLXP, $BYI, $PETM, $ADP, $GSIT htt…
Streetinsider.com
20 Aug 14 09:49:20
Our Event Driven Calendar is heating up again. Recent updates on $IRF, $LIN, $SFLY, $SLXP, $BYI, $PETM, $ADP, $GSIT http://t.co/ELlqN3DuSZ
Biz Headlines
20 Aug 14 07:03:00
$ADP: ADP unveils new name for spinoff: CDK Global http://t.co/5fwr1fBiTf http://t.co/gE5fxElQfl
Tillie Dewi
20 Aug 14 05:40:41
RT @super_trades: http://t.co/IYbADod8R3 - Posted a New Watchlist: I MAde $40-$50k on $SLCA And So Many Other Stocks Of Mine Are Rocketing …
Forex Insight
20 Aug 14 05:39:54
RT @super_trades: http://t.co/IYbADod8R3 - Posted a New Watchlist: I MAde $40-$50k on $SLCA And So Many Other Stocks Of Mine Are Rocketing …
@super_trades
20 Aug 14 05:37:02
http://t.co/IYbADod8R3 - Posted a New Watchlist: I MAde $40-$50k on $SLCA And So Many Other Stocks Of Mine Are Rocketing !!! $SLCA $ADP...
finsents
20 Aug 14 04:18:29
$ADP:US 20Aug Positive News #Sentiment http://t.co/AjZVoznI8X #Russell200
finsents
20 Aug 14 04:18:00
$ADP:US 20Aug Positive News #Sentiment http://t.co/c521CMostS #SP500
Colin Macleod
19 Aug 14 19:56:31
August 19 2014 P&F Spread Triple Top Breakout http://t.co/hg0fg3yfYl $JRJC $MPC $NUE $LNC $SWIR $GBX $ADP $CLNY $AVB $TEDU $WRLD
Daily Contracts
19 Aug 14 13:18:03
Real-Time feed of company contracts, original agreements and executive updates from Automatic Data Processing $ADP http://t.co/33oTjOTkyF
Stock News Updates
19 Aug 14 10:02:48
$ADP: Bank Of America Reiterates Automatic Data Processing As Dealer Spin-Off May ... http://t.co/xGV0jwvsOW http://t.co/OZ21VCSYXx
Jake Aschendorf
19 Aug 14 09:51:42
RT @newsedge: $ADP named its spinoff dealer-services business CDK Global; it will be listed on @NASDAQ as $CDK. @ADP http://t.co/sGKtyvjair
ThinkingProfit.com
19 Aug 14 09:10:03
$ADP: 4 open, suited signals indicate continued price increase for about 3 more days. http://t.co/XHz3F0t1ju
Stephen P Kendal
19 Aug 14 08:49:22
$ADP #Bullish #Alert 10dMA⇑⇓$81.46⇗ 20dMA⇑⇑$81.68⇗ 50dMA⇑⇑$80.47⇗ 100dMA⇑⇑$78.88⇗ 200dMA⇑$78.40⇗ Price=$83.45★⤴ http://t.co/w74HzOvkbv
Coastal Returns
19 Aug 14 07:36:11
$QCOM $MU $ADP think stocks and think about the #future
NewsEdge
19 Aug 14 07:24:28
$ADP named its spinoff dealer-services business CDK Global; it will be listed on @NASDAQ as $CDK. @ADP http://t.co/sGKtyvjair
ENBR News
19 Aug 14 07:18:03
ADP unveils new name for spinoff: CDK Global http://t.co/3nz82ilEdj #ENBRNews $ADP
Briefing.com
19 Aug 14 06:09:12
$ADP: Automatic Data announcd that Dealer Services' new company name will be CDK Global, once the spinoff from ADP... http://t.co/C5EVrH8hQV
Bulls vs Bears
19 Aug 14 06:02:43
$ADP: ADP Is Again Named A Leader In Gartner's Magic Quadrant For Payroll BPO Services http://t.co/lyhIW74ez6 http://t.co/sRrNQs3e6f
john smith
19 Aug 14 05:21:05
$ADP - ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/4AUTBLXeHM
NASDAQ
19 Aug 14 05:21:03
$ADP - ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/RXHN6ojiUh
4-traders.com
19 Aug 14 05:10:04
Automatic Data Processing : ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/BJTHiRpq1G $ADP
john smith
19 Aug 14 05:00:08
$ADP - ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/tpPllRXwlU
NASDAQ
19 Aug 14 05:00:06
$ADP - ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/my788xFhqU
InterCooler
19 Aug 14 04:50:41
Insider Selling: Douglas W. Politi Unloads 4,390 Shares of Automatic Data Processing Stock $ADP http://t.co/FGLNRWLe4O
4-traders.com
19 Aug 14 04:50:02
Automatic Data Processing : ADP Dealer Services to Be Called CDK Global After Spinoff http://t.co/NuvPpHfbWZ $ADP
ENBR News
19 Aug 14 04:15:10
ADP Announces Post-Spin Name of Its Dealer Services Business http://t.co/Dwey6fVsid #ENBRNews $ADP
TradingMyway
19 Aug 14 04:12:47
RT @theflynews: $ADP ADP announces post spin name of Dealer Services business to be CDK Global: Full Story http://t.co/msSnUplUoB
Forex Insight
19 Aug 14 04:08:49
RT @ForTraders: Automatic Data Processing : ADP Announces Post-Spin Name of Its Dealer Services Business http://t.co/OXOSmdfuMM $ADP
4-traders.com
19 Aug 14 04:05:01
Automatic Data Processing : ADP Announces Post-Spin Name of Its Dealer Services Business http://t.co/OXOSmdfuMM $ADP
The Fly
19 Aug 14 04:04:47
$ADP ADP announces post spin name of Dealer Services business to be CDK Global: Full Story http://t.co/msSnUplUoB
Michael Scott
19 Aug 14 03:08:37
RT @SeekingAlpha: Automatic Data Processing: A Spin-Off Play And An Endlessly Increasing Dividend http://t.co/fcu1oQxQjN $ADP
Seeking Alpha
19 Aug 14 03:01:03
Automatic Data Processing: A Spin-Off Play And An Endlessly Increasing Dividend http://t.co/fcu1oQxQjN $ADP
US Banking News
18 Aug 14 21:39:31
Automatic Data Processing VP Douglas Politi Sells $362,746 in $ADP http://t.co/iMobKAPfjd
US Consumer News
18 Aug 14 20:52:45
Automatic Data Processing VP Douglas Politi Sells $362,746 in $ADP http://t.co/p9y2fxXqjc
ENBR News
18 Aug 14 08:57:07
ADP is Again Named a Leader in Gartner’s Magic Quadrant for Payroll BPO Services http://t.co/UfHVAQFEi7 #ENBRNews $ADP
Business Updates
18 Aug 14 08:02:45
$ADP: Automatic Data Processing Stock Rating Reaffirmed by JPMorgan Chase & Co ... http://t.co/wknpyXjZCi http://t.co/aPdH40alwb
US Banking News
18 Aug 14 07:29:39
Automatic Data Processing VP Douglas W. Politi Sells 4,390 Shares $ADP http://t.co/q7ZL6zH8OO
Ticker Report
18 Aug 14 07:28:42
Automatic Data Processing VP Douglas W. Politi Sells 4,390 Shares $ADP http://t.co/RcGMTzMNUn
US Consumer News
18 Aug 14 07:24:48
Automatic Data Processing VP Douglas Politi Sells $362,746 in $ADP http://t.co/p9y2fxXqjc
US Banking News
18 Aug 14 07:24:46
Automatic Data Processing VP Douglas Politi Sells $362,746 in $ADP http://t.co/iMobKAPfjd
NASDAQ
18 Aug 14 05:10:08
$ADP - Statement of Changes in Beneficial Ownership (4) http://t.co/nQEaAht2zz
john smith
18 Aug 14 05:10:05
$ADP - Statement of Changes in Beneficial Ownership (4) http://t.co/TFKjHe0u9I
				
				
By  +Follow January 10, 2014 2:06PM
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