Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


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

By  +Follow January 14, 2014 11:05AM
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 and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for bac
Stock Wire
26 Nov 14 05:49:38
SEC Grants Bank of America Short-Term Waiver from Hedge-Fund Restrictions $BAC http://t.co/5LRvI2cofz
Luella Myrick
26 Nov 14 05:48:04
Best research on #stocks such s $TWO $BAC $TSN $CADX #personalfinance http://t.co/wguzbPI15k
Teddy Vallee
26 Nov 14 05:43:07
Net-interest margins slipped to 3.14% yoy, the lowest level since the third quarter of 1989. Financials look good. $FAS $MS $GS $C $BOA $BAC
Arlen Larson
26 Nov 14 05:40:05
$BAC Small-cap stocks making 52-wk highs $ALL $PCP $IGN #StockMarket http://t.co/fRROv9WDos
Necole Diaz
26 Nov 14 05:19:12
Looking for the next winners like $BAC $UNH $ZNGA $LGND Must see http://t.co/ADkPqQau78
Bodhi Thatcher
26 Nov 14 05:15:45
Are you hanging on to $AXS $WYN $BAC $CBM #economy http://t.co/NtUUGUP7sp
Dana Mcginnis
26 Nov 14 05:07:13
Find the next hot #pennystock $TCO $BAC $AA $NUAN View now http://t.co/0rtXaJAUak
Furlicity  #IVU
26 Nov 14 05:06:54
RT @oledi45: @FinanceTX @Furlicity $C $BAC fines go to #communityorganizers and not to #victims of fraud? http://t.co/TQdZSTO7CI $$
Howard Eisen
26 Nov 14 05:05:35
Bank of America granted short-term waiver from SEC for hedge fund transactions $BAC #HedgeFunds http://t.co/7pSHjCf5kl via @reuters
26 Nov 14 05:02:51
@FinanceTX @Furlicity $C $BAC fines go to #communityorganizers and not to #victims of fraud? http://t.co/TQdZSTO7CI $$
Allen Wastler
26 Nov 14 04:50:42
Top stock lookups on http://t.co/dw39TKF3uA ysty: $AAPL, $BABA, $FB, $BAC, $GE, $TWTR, $SPY, $F, $HPQ, $GILD, $GPRO, $C, $TSLA, $PBR, $NFLX
Elodia Casteel
26 Nov 14 04:43:49
$STT #Best #Pennystock research $CAG $BAC $CRAY Visit http://t.co/MeTzVYcOjZ
Financial Iceberg
26 Nov 14 04:19:17
Fibonacci Technical Levels $SPY, $QQQ, $BAC, $PLUG ​#spy #qqq #bac #plug http://t.co/mDfdmFJr5D
Troy Kuhn
26 Nov 14 04:18:57
Regulators Order Bank Of America‘s Merrill Lynch International Unit To Improve Risk Management. http://t.co/YOkzFZ6SHj $BAC $DB
Jago Bowens
26 Nov 14 04:18:31
Insider Trading updates on $BRCM $BAC $FII $PCLN #moneymanagement http://t.co/k3jKUMMrTv
Bidness Etc
26 Nov 14 04:16:17
#MerrillLynch International asked Bank of America‘s investment banking unit, to improve its RM system- http://t.co/d3ExYgDAlc $BAC
Carlyn Mccloskey
26 Nov 14 04:06:41
Are you looking for more winners like $NDSN $BAC $AGNC $NUAN Must have http://t.co/jnoCILwMqN
Stock Wire
26 Nov 14 03:57:29
Regulators Order Bank Of America's (BAC) Merrill Lynch International Unit To ... $BAC http://t.co/ob7RwnB3uw
Dave Neville
26 Nov 14 03:47:54
Bank of America granted short-term waiver from SEC for hedge fund transactions http://t.co/1l3ub49LIp via @reuters $BAC
26 Nov 14 03:25:19
$BAC:US SEC Grants Bank of America Short-Term Waiver from Hedge-Fund Restrictions #BANK OF AMERICA CORP http://t.co/IEmEA7mIKV #DJ30
Barbra Hutchens
26 Nov 14 03:22:02
$EQR Get the latest on $AVP $BAC $DF #Research http://t.co/gUHkgW0fvP
26 Nov 14 03:21:29
$BAC:US SEC Grants Bank of America Short-Term Waiver from Hedge-Fund Restrictions #BANK OF AMERICA CORP http://t.co/AJv76yYM2l #SP500
Kasey Prado
26 Nov 14 02:55:05
Get Free research on $VLY $BAC $LUK $LGND View now http://t.co/zqPcHoJLZ4
26 Nov 14 02:45:17
RT @SeekingAlpha: Export-Import Bank Shut Down In 2015? How It May Impact Your Portfolio http://t.co/EJk1PT9qRH $BA $BAC $DOW $GD $JPM $LMT…
Quantpost Financial
26 Nov 14 02:38:38
$BAC $JPM News: "Export-Import Bank Shut Down In 2015? How It May Impact Your…" http://t.co/Gg6EipMeyp Board view: https://t.co/Ae7Yp1ezGI
Seeking Alpha
26 Nov 14 02:38:36
Export-Import Bank Shut Down In 2015? How It May Impact Your Portfolio http://t.co/EJk1PT9qRH $BA $BAC $DOW $GD $JPM $LMT $RTN $RYAAY
Trinidad Franco
26 Nov 14 02:33:31
$DST Looking for the next $ACM $BAC $FB View now http://t.co/ADd4gysCOW
Frank Tribble
26 Nov 14 02:16:36
Should you buy, sell or hold $TMUS $BAC $DO $DO #Stock http://t.co/CUhXVGASfN
Oswald Newton
26 Nov 14 01:54:34
Are you putting your money in $NBL $BAC $TXT $IBM #moneymanagement http://t.co/ZxKvCrgJbU
Martin Johnson
26 Nov 14 01:52:25
$AXS Todays movers to research $SFG $BAC $CBM #moneymanagement http://t.co/44fSZv74MD
Joetta Mccue
26 Nov 14 01:47:18
Regretting your investment in $SBAC $BAC $TRZA $CAG Must have http://t.co/30t1EcJXv3
Carrie Nixon
26 Nov 14 01:23:46
Todays Stocks you should be watching $SPN $BAC $ECL $CSIQ #financialnews http://t.co/H3dONV6JNc
Shara Lorenzo
26 Nov 14 01:18:03
$BAC Do you think you should hold $ARG $TK $VFC #investing http://t.co/ewOg4Dyov3
Milagro Galloway
26 Nov 14 01:10:20
Looking for the next winners like $CVA $UPL $BAC $USD #singedinvestor http://t.co/MK7kfCEtjc
26 Nov 14 00:35:07
Bank of America : Are You a Smart Traveler? http://t.co/YsXBJlnfyT $BAC
26 Nov 14 00:30:07
Bank of America : Allies with Global Alliance for Clean Cookstoves http://t.co/wCUDx790sR $BAC
25 Nov 14 22:00:15
BAC -0.47% Stock Charts $BAC Bank of America Corp. (NYSE) Any opinions on BAC? Please reply to this post. Last http://t.co/u6Dg7s6QZK
Devan Olivarez
25 Nov 14 21:31:00
#Stock Market Reports you need on $NNN $MAS $BAC $ABX I suggest http://t.co/QW2FseyNQP
25 Nov 14 20:42:40
Looking for the financials to rally, been a flat sector second half $BAC $C $WFC $JPM $GS #banks #bullish #Financial #investmentbanking
Devon Dube
25 Nov 14 20:40:10
$BAC Are you thinking of selling $RKT $UTHR $GOOG #investing http://t.co/9PohPdS1XD
Lissette Collins
25 Nov 14 20:32:09
Are you considering selling $HTS $WAFD $BAC $LGND #financial http://t.co/ZoSjKn8Gag
Miroslav Piták
25 Nov 14 20:03:09
RT @FitchRatings: Fitch Affirms #BankofAmerica's IDR at 'A'; Outlook Remains Negative on Support Expectations http://t.co/pAo7ciL3V0 $BAC #…
25 Nov 14 20:01:43
Our Penny Stock Pick On $STTK Gained 171% And Closed up Over 85%! Huge News: https://t.co/MMLz0V8NAH $AAPL $BAC $CBIS
paul bratby
25 Nov 14 19:40:10
I Time Stopped this trade on $BAC Sept14, taking some reasonable profits! Not every #trade reaches its target http://t.co/cZv3EQObZO
Mark Trader
25 Nov 14 19:30:28
http://t.co/FOdvsRfk32 has 6 pro traders in their chat room. real-time trade alerts, and offer a 14-day trial. $BAC $AAPL $CSCO $BABA $F
Melvina Stapleton
25 Nov 14 19:21:24
Top Performing #Stocks today $WPX $BAC $MNST $LIVE #overvalued http://t.co/7VderEMFAF
Octavius Chandler
25 Nov 14 19:09:31
Todays movers to research $BAC $MCO $ALKS $S Check out http://t.co/rO9BSe3z65
25 Nov 14 19:09:10
"@15minoffame: $BAC Will this dog ever hunt?" will interest rates ever rise?
Tuan Pham
25 Nov 14 19:07:40
$BAC Will this dog ever hunt?
Boris Haley
25 Nov 14 18:10:41
Did you lose money on $SLM $BAC $PFG $AAPL View now http://t.co/38D4GMOqev
By  +Follow January 14, 2014 11:05AM



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.