logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

DJIA, S&P, NASDAQ Rally on Better-than-Expected Retail Sales Data

By  +Follow January 14, 2014 11:05AM
Share:
Tickers Mentioned:

Stocks ended significantly higher by Tuesday’s closing bell, with indices rallying to gains big enough to recuperate most of the losses incurred during the previous day’s sell-off.

The Standard & Poor’s 500 index jumped 1.08 percent to 1,838.88 points, while the Dow Industrials were up 0.71 percent for a finish at 16,373.86. The NASDAQ rose 1.69 percent to 4,183.02.

Investors on Wall Street took heart from the Commerce Department’s early-morning release of retail sales data for the December holiday season that handily beat expectations on a year-over-year spending increase of 4.1 percent. Retail spending for the full year of 2013 increased 4.2 percent from 2012.

On the S&P 500, major tech companies made some of the highest-volume gains of the day, with Facebook (FB) , Intel (INTC) , and Microsoft (MSFT) all closing substantially higher. Bank of America (BAC) rose on the heaviest of the day’s trading however, up over 2 percent ahead of its heavily anticipated earnings report ahead of Wednesday’s opening bell.

The Dow Jones Industrial Average lagged behind its colleagues, but also enjoyed a strong day as Intel (INTC) jumped nearly 4 percent after an analyst at JPMorgan (JPM) upgraded the company’s stock to “overweight” on expectations of a “relatively stable” 2014 PC market.

On the NASDAQ, Google (GOOG) added over 2 percent after the previous day’s late announcement of the tech giant’s acquisition of high-tech thermostat/smoke alarm designer Nest in a move that was widely interpreted as an astute move on the company’s part to get a head start on the forthcoming “internet of things”.

Despite the day’s gains, Intercept Pharmaceuticals (ICPT) unloaded for the second day in a row, shedding about 30 percent of its share price by the end of trading after the stock more than sextupled the previous week. Meanwhile, Tesla (TSLA) bulls seemed completely oblivious to the National Highway Traffic and Safety Administration’s announcement that the company would be forced to recall a significant number of its electric cars due to renewed fears of the possibility of fires, this time originating in the Model S’s battery-charging system.

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.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for bac
DamnGoodTrader
21 Oct 14 07:11:10
$AAPL $AMZN $FB $TWTR $BAC $SPY $SIRI $BABA $GPRO $MCD $NKE $VIX Take a Look At The Picture Attache http://t.co/SmBp0obju1
OptionsGenius
21 Oct 14 06:53:34
Folks small correction i was looking at wrong expiration i was on oct 31 week chain to call $BAC as win indeed it was a loss on this play.
Option Alert
21 Oct 14 06:01:22
Largest open interest increases among single stock options for 10/21 include $AAPL, $COV, $YHOO, $BAC, and $BBRY.
Keith McCullough
21 Oct 14 05:25:21
@EarningsScout @mrmikeflynn $GOOGL $IBM $BAC $JPM $EBAY $NFLX - shall we continue?
Allen Wastler
21 Oct 14 04:48:29
Top stock lookups on http://t.co/E6yr9ENnYt ysty: $AAPL, $IBM, $FB, $BAC, $CMG, $SPY, $BABA, $GE, $NFLX, $TWTR, $F, $C, $BBRY, $GOOG, $TSLA
David Ong
21 Oct 14 04:12:01
Bank Of America: On The Cusp Of A Major Break Out? $BAC http://t.co/fdm5Yal2zJ
BUZZ Just-In
21 Oct 14 04:10:11
Tickers trending on TWTR in last 1 hour $BAC EUR/GBP FTSE100 $ABBV $ABB http://t.co/E1NgkMDyQL
Quantpost Financial
21 Oct 14 04:08:08
$BAC News: "Bank Of America: On The Cusp Of A Major Break Out? $BAC …" http://t.co/Eb7AHkxxC8 Board view: https://t.co/K7a2PxI8Hg
Seeking Alpha
21 Oct 14 04:08:07
Bank Of America: On The Cusp Of A Major Break Out? http://t.co/DE1PtagiUD $BAC
Stock Moo
21 Oct 14 03:53:23
$bac: Why Getting a Mortgage Should Soon Be a Little Bit Easier http://t.co/nOKEy7mRae
Brad Thomas
21 Oct 14 03:13:05
Commented on: "Lexington Realty Trust: Patience Is A Virtue" http://t.co/JzrPE0X0vF $LXP $ADC $ARCP $BAC
StockNews
21 Oct 14 03:09:33
$BAC - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/Cygp1j3AnE
StockNews
21 Oct 14 03:09:32
$BAC - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/DotgnAO4C9
NASDAQ
21 Oct 14 03:09:31
$BAC - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/noMK0sVtyg
NASDAQ
21 Oct 14 03:09:29
$BAC - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/eOEv4vVq9H
Pzaa...Guy
21 Oct 14 03:09:29
$BAC - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/F79FQW0k35
Pzaa...Guy
21 Oct 14 03:09:28
$BAC - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/0jlOlXfmKr
Chasing Stars
21 Oct 14 03:09:27
$EWH Filings Click Here: http://t.co/dXUHzDVcSq Also See: $BAC $EWP $VXX $EDN ~
Trader Anónimo
21 Oct 14 03:09:26
$BAC - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/48fS17LMoI
Trader Anónimo
21 Oct 14 03:09:25
$BAC - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/2VxuqeyZFb
Solo traders
21 Oct 14 03:09:23
$BAC - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/0pt0QlvZZK
Solo traders
21 Oct 14 03:09:22
$BAC - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/vogcSVd9jO
$Stocknewsalerts
21 Oct 14 03:06:10
$BAC ALERT: New Bank of America Corporation SEC Filing From our Stock News Alerts App
StockNews
21 Oct 14 03:04:47
$BAC - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/yWHMEJj76l
Pzaa...Guy
21 Oct 14 03:04:45
$BAC - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/ljQGFOtxjB
NASDAQ
21 Oct 14 03:04:44
$BAC - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/U8UZqMAq2a
Trader Anónimo
21 Oct 14 03:04:42
$BAC - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/HinQIxeaM0
Solo traders
21 Oct 14 03:04:40
$BAC - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/csAiyaPFNk
Quantpost Financial
21 Oct 14 02:12:50
$BAC News: "BAC: Best Practice Model Validation For Fed Stress-Testing, Value…" http://t.co/D3xYIZvdGe Board view: https://t.co/K7a2PxI8Hg
Seeking Alpha
21 Oct 14 02:12:49
BAC: Best Practice Model Validation For Fed Stress-Testing, Value At Risk And Credit VAR http://t.co/LIJESBxcwN $BAC
Consestimate
21 Oct 14 01:53:56
Moody's lowers Russia rating amid sanctions. $MCO, $BAC. http://t.co/Q0H33fstXj http://t.co/dbFV1B2l8l
Quantpost Financial
21 Oct 14 01:52:30
$BAC News: "Tracking Ken Fisher's Fisher Asset Management Portfolio - Q3 2014…" http://t.co/GJ2U1K64xx Board view: https://t.co/K7a2PxI8Hg
Seeking Alpha
21 Oct 14 01:52:28
Tracking Ken Fisher's Fisher Asset Management Portfolio - Q3 2014 Update http://t.co/YqiJRsIl9y $AAPL #APPLE $AMZN $AXP $BAC $BASFY
Consestimate
21 Oct 14 01:51:05
In Wells Fargo's Back Yard, Bank of America Dominates. $WFC, $BAC, $BRK'A. http://t.co/3hdwvCHlgg
Consestimate
21 Oct 14 01:50:22
Bank of America's Real Problem Isn't Costs or Legal Settlements... It's Revenue. $BAC, $AAPL. http://t.co/yyXGgfKARI
Investors Hangout
21 Oct 14 01:49:09
$EEM Filings Click Here: http://t.co/TnzEtaHtwQ Also See: $NM $FDX $BRK/B $BAC ~
Rosner Stocks
21 Oct 14 01:37:02
$EDN Prev Close Click Here: http://t.co/0WBn1dCQjd Also See: $AA $EWZ $BAC $JNK ~
Stock Forums
21 Oct 14 00:19:00
$DBA Exchange Click Here: http://t.co/aFqixVitge Also See: $BAC $GLOG $XLV $XLB ~
Stock Forums
20 Oct 14 23:15:04
$CSCO Ask Click Here: http://t.co/ya6G5nqwTD Also See: $BAC $FLPC $INTC $NUGT ~
Investors Hangout
20 Oct 14 21:08:15
$BAC Yield Click Here: http://t.co/OLQC3h26U2 Also See: $CREE $ITOT $CYBR $LULU ~
Chasing Stars
20 Oct 14 21:05:14
$BAC Yield Click Here: http://t.co/NPplIwOkSc Also See: $WWAG $UUP $AA $PFE ~
Rosner Stocks
20 Oct 14 21:04:31
$BAC Market Cap Click Here: http://t.co/H0MTRYG91P Also See: $GOOG $XLB $KORS $IJR ~
Investors Hangout
20 Oct 14 21:02:55
$BAC Prev Close Click Here: http://t.co/xbKSRjnUGN Also See: $IEF $V $JNK $KORS ~
Stock Forums
20 Oct 14 20:57:42
$BAC Investor Opinions Click Here: http://t.co/2t84rgCuIp Also See: $RSH $SMH $FB $EWP ~
Stockaholics
20 Oct 14 20:53:12
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AAPL $BAC $CBIS
Hotpage
20 Oct 14 20:23:56
#Fed warns big banks to reform or face breakup - $BAC $C $JPM $WFC http://t.co/Qe3DRnpm8V http://t.co/kyjZHiPOmy
Hotpage Business
20 Oct 14 20:23:56
#Fed warns big banks to reform or face breakup - $BAC $C $JPM $WFC http://t.co/ZWEzKriFnp http://t.co/in0zq8UrnI
Investors Hangout
20 Oct 14 20:18:05
$ARIA Message Board Posts Click Here: http://t.co/6WH7yQkKmW Also See: $BAC $AA $WESC $XLY ~
GO CUSE1
20 Oct 14 19:16:48
Will be adding $BAC $C at current levels. Looking great here to add more as loan growth & better economy.
Investors Hangout
20 Oct 14 19:07:47
$ACHN Last Price Click Here: http://t.co/qsiv2GZkEN Also See: $NKE $GDXJ $UGAZ $BAC ~
				
				
By  +Follow January 14, 2014 11:05AM
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.