logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 

Equities – Your destination to connect with the growth investment community.

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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

Results for bac
royfberger
18 Apr 15 09:39:07
Barcelona! Take me back! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/JUFJoVvAWo http://t.co/oJomobZPmy
Ophir Gottlieb
18 Apr 15 09:38:50
Mega Cap Risk per Options - 1 $AMZN 2 $FB 4 $AAPL 5 $GILD 14 $BAC Interact with Chart -> http://t.co/PX5oQeEO6n http://t.co/RlsJRFPGhn
Yamasuta
18 Apr 15 09:35:02
$BAC - SELL Signal at 15.56 on Apr 17, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Muathe
18 Apr 15 09:34:24
[VIDEO] Weekend Market Analysis 04/18/2015 $QQQ $BAC $GE $AMD $AAPL $PBR $F $CMCSA $MSFT $CSCO $INTC $T $PFE $EMC $C https://t.co/7pI3pgjeRP
The Stock Professor
18 Apr 15 09:31:13
'Duby'-ous new app helps light up weed pictures: [at CNBC] - New app Duby combines Instag... http://t.co/mFvR1tcGWp $FB $TWTR $LNKD $BAC
Bradley
18 Apr 15 09:19:11
I love this trading girl! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/l9JkTCtpHR http://t.co/46iwBeR2jL
The Stock Professor
18 Apr 15 08:52:36
Google faces its Microsoft moment: http://t.co/nkSeue2zHI $FB $TWTR $LNKD $BAC
IH News Desk
18 Apr 15 08:46:05
$BAC Company Info Updated Saturday, April 18, 2015 11:11:13 AM $TLT $GMCR $CNC $XLI http://t.co/9WrDebcUDo
lucia shorts
18 Apr 15 08:42:52
Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/1SzJMURuG2 via @public_citizen
Pat Bentrup
18 Apr 15 08:40:03
Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/7DjRYzrwHf via @public_citizen
Christine Krikke
18 Apr 15 08:38:50
RT @DrThomasPaul: If you "#invest" in any #Fortune500 company, you essentially agree to be part of the corruption machine. #stocks #IRA #Ba…
ProVesting
18 Apr 15 08:35:09
$BAC: Bank of America PT Lowered to $19.00 at Barclays (BAC): http://t.co/7mOY9SypUO
PastLifeTherapyCntr
18 Apr 15 08:31:42
RT @DrThomasPaul: If you "#invest" in any #Fortune500 company, you essentially agree to be part of the corruption machine. #stocks #IRA #Ba…
ClosingBell
18 Apr 15 08:00:06
Equities tagged #pullback - $AOS $APOG $BAC $DPS $FDX $HMC $MNST $PEP $TM $VRTX https://t.co/4bsTBD3i7L
Capital Market Labs
18 Apr 15 07:50:56
Largest Banks Assets 1: $FNMA 2: $JPM 3: $BAC Chart: http://t.co/pdQO7S5Otq http://t.co/OyXSr0dcuL
Bharathquick
18 Apr 15 07:45:29
RT @robwilliamsNY: Bulls and Bears: A collection of Wall Street opinion from http://t.co/dWMyh7TuYf http://t.co/y7na1l2uVD $SPY $GS $BAC $…
GreenRush2014
18 Apr 15 07:44:28
Why Netflix is splitting its stock http://t.co/9Vzs7rlRQP via @MONEY $NFLX $BABA $BAC $SPY $JPM $SPX $FB $QQQ
Ophir Gottlieb
18 Apr 15 07:42:45
Largest Banks Revenue 1. $JPM 2. $WFC 3. $BAC Full Chart: http://t.co/JosLDEuPQm
TDM
18 Apr 15 07:41:30
Been watching $c trade at below book for what 7 years now? Incredible. Not until bank merger activity reignites growth will $c, $bac, etc ⬆️
Capital Market Labs
18 Apr 15 07:38:55
Largest Banks Cash from Operations 1: $C 2: $JPM 3: $BAC Chart: http://t.co/icGQzRvhKx http://t.co/Sd0nFMOmcp
Tad Doughty, CFS
18 Apr 15 07:29:03
Great @WSJ graphic; big bank profits: http://t.co/9sRyme9GgU $MS $GS $C $BAC $WFC $JPM http://t.co/y5e8M0oynm
dailystockplays.com
18 Apr 15 07:24:31
Elder Red http://t.co/iFGfO2wNoT $BAC $CMCSA $MSFT $SIRI $VALE $VZ $TWTR $WBA $YHOO $VALE/P $ORCL $XLV $KEY $BBD $IYR $XLY $HEDJ $CMCSK
Langan Stocks
18 Apr 15 07:07:44
$MAT Stock Forum Updated Saturday, April 18, 2015 10:03:20 AM $BAC $BABA $UVXY $HD http://t.co/9NFA3TN2Ct
Langan Stocks
18 Apr 15 07:07:41
$BAC Stock Message Board Updated Saturday, April 18, 2015 10:03:20 AM $TSLA $CVS $TPI $CNC http://t.co/7qdR9nQRrv
Market Guru (Sean)
18 Apr 15 07:03:23
Top 10 stocks in the #MG25 - $AAPL $FB $NRK $NFLX $GOOG $GOOGL $GREK $MRK $BAC $PFE $LNKD https://t.co/1Q7jUlWicT
Alpha Maven
18 Apr 15 06:55:19
RT @SAlphaTrending: Halliburton Clearance Sale Going On Now http://t.co/xkXqSD8cmx $BAC $BHI $CS $DOV $GE $GS $NOV $SLB $SPLS $SPN $T $HAL
Camille Davis
18 Apr 15 06:54:15
RT @SAlphaTrending: Halliburton Clearance Sale Going On Now http://t.co/xkXqSD8cmx $BAC $BHI $CS $DOV $GE $GS $NOV $SLB $SPLS $SPN $T $HAL
John Finn
18 Apr 15 06:39:18
RT @LegalDocsPro: Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/QpdQvttO7M via @public_citizen
Capital Market Labs
18 Apr 15 06:29:47
$FNMA vs. $FMCC vs. $BAC vs. $WFC Compared Across 9 Critical Measures http://t.co/3JoIVkbZEb http://t.co/TyFFKigkDJ
Rob Williams
18 Apr 15 06:26:12
Bulls and Bears: A collection of Wall Street opinion from http://t.co/dWMyh7TuYf http://t.co/y7na1l2uVD $SPY $GS $BAC $BCS $CS $MS $JPM
Langan Stocks
18 Apr 15 06:07:08
$SWKS Percent Change Updated Saturday, April 18, 2015 08:03:19 AM $XIV $TEVA $BAC $GDXJ http://t.co/fIEkRhhRso
DeSota Wilson
18 Apr 15 05:33:33
Will this unprecedented lending program finally save Detroit? http://t.co/woVYExmgSC #RealEstate #housing #crash $BAC #NACA
Sleek Money
18 Apr 15 05:20:55
BANK OF AMERICA CORPORATION COM STK $0.01 Receives “BBB” Credit Rating from Morningstar $BAC http://t.co/rGvh7mGWKU
Rosner Stocks
18 Apr 15 05:07:19
$BAC Investor Opinions Updated Saturday, April 18, 2015 07:59:22 AM $COP $BABA $CNC $GLD http://t.co/6kysuCUxq0
Yamasuta
18 Apr 15 05:00:02
$BAC - SELL Signal at 15.56 on Apr 17, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Breaking News Now
18 Apr 15 04:53:07
$BAC: Bank of America Price Target Cut to $18.00 (BAC): http://t.co/aJVaiY2oAv
StockNewsWires
18 Apr 15 04:40:10
$BAC: Oppenheimer Lowers Bank of America Price Target to $21.00 (BAC): http://t.co/MVDebk7DAV
Rosner Stocks
18 Apr 15 04:07:29
$BAC Company Info Updated Saturday, April 18, 2015 06:59:22 AM $FEYE $BMY $DIA $HBI http://t.co/VJRKpOa1PT
هاوي أوبشن
18 Apr 15 03:54:22
RT @tradewithjoe: Learn how to trade stocks like $AAPL $FB $TWTR $IWM $GPRO $BABA $TSLA $F $XLF $BAC the 1st 5 minutes of the day http://t.…
Bradley
18 Apr 15 03:50:11
Great FREE #tutorial here for #traders http://t.co/LEJZ0NzJO6 $NFLX $BAC $AMZN $MSFT $AAPL $GOOG $GOOGL $FEYE http://t.co/JLGJERsDoo
OccEarth
18 Apr 15 03:23:55
Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/zPPzCBY4Kg via @public_citizen
Gotham City Capital
18 Apr 15 03:08:51
$BAC Bottom Feeders On Watch Here At TL Support. http://t.co/EhtOkhDZIk
Langan Stocks
18 Apr 15 03:04:45
$UTX Reviews Updated Saturday, April 18, 2015 05:03:17 AM $SOXL $BAC $MDCN $RSX http://t.co/ywCg1ZZYGM
Michael W Evans
18 Apr 15 02:35:40
Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/dadGVPYNJ4 via @public_citizen
Rosner Stocks
18 Apr 15 02:04:36
$GDXJ Reviews Updated Saturday, April 18, 2015 04:59:21 AM $XOM $TEO $USO $BAC http://t.co/i2zjP2OAHD
Alexander Ainslie
18 Apr 15 01:32:58
RT @howardlindzon: Next big strategy - front run the Robo advisors ... And decade for stock picking ahead http://t.co/BEstOdPgEf $bac $schw
Rosner Stocks
18 Apr 15 01:04:16
$DIS News Updated Saturday, April 18, 2015 03:59:22 AM $UGAZ $BAC $ZA $EMC http://t.co/4RgdRvtFmf
PolgarStocks
18 Apr 15 01:04:12
$ADMD Investor Opinions Updated Saturday, April 18, 2015 03:07:15 AM $BAC $SVXY $VXX $SDOW http://t.co/SPY2Ld59Lv
World Activist Group
18 Apr 15 00:53:50
Calling all @BankofAmerica shareholders: Breakup $BAC! #tbtf http://t.co/JME9MkIZ5B via @public_citizen
IH News Desk
18 Apr 15 00:39:11
$RUSS News Updated Saturday, April 18, 2015 03:11:11 AM $GE $BAC $PAM $SDOW http://t.co/FLyeN7dgTD
				
				
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.