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.


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

Results for bac
Trade Followers
29 Jan 15 12:15:00
Most bearish stocks on Twitter. $BAC $BP $C $CAT $HLF $IBM $JPM $MAT $MCD $MS $PG $TSLA $UPS https://t.co/T0pTTpqd4A
Sterph1
29 Jan 15 12:12:02
Taking 1/2 off the $F and $BAC play w/ tite stops on balance - both up nicely but lite overnite remains mantra (3 yrs running).
Hedge Fund U
29 Jan 15 12:00:40
The Cult of Central Banking > http://t.co/3FsD2uklcd $XLF $WFC $BAC
Max
29 Jan 15 11:33:28
if $BAC is above 15.43 today, we are going to have fantastic next week.. just play this option.. nothing else
The Stock Professor
29 Jan 15 11:32:49
De Blasio brings tech to the table to bolster bid for DNC: http://t.co/Qe05xxWFlD $FB $TWTR $LNKD $BAC
Cryptogenesis
29 Jan 15 11:21:36
#BUY $TLT #PUT before #GDP data tomorrow. BOND sell off is going to be huge in the morning. Go huge Finacials $XLF $BAC $WFC $JPM $GS $MS
ProTradersNews
29 Jan 15 11:21:05
$BAC: Mexico Keeps Rate at Record Low 3% as Growth Rebound ...: http://t.co/0nZZWReX5J
Max
29 Jan 15 11:14:48
hope $BAC and $SPY don't wash down the gain in last 1 hr..
SFOScanner
29 Jan 15 11:14:34
Large companies with insider selling $AAPL $GOOG $JNJ $WFC $FB $GS $BLK $PCLN $BAC $C $MA http://t.co/B9gdLvUhHP
AJEII
29 Jan 15 11:09:02
Ya'll are making it hard to continue business with you, $BAC.
Max
29 Jan 15 11:01:31
$BAC if it stay above 15.35 today, there is good chance it will be 16 before feb 20..
Stock Rocket
29 Jan 15 10:56:42
Our Picks Gained 117% In 3 Days And We Just Released A New Mid-Day Pick On $ETBI! Big News: http://t.co/Ita48Yhgrr $AAPL $BAC $CBIS
ProVesting
29 Jan 15 10:51:03
$BAC $C: BofA Said to Cut Bonus Pool for Equities Traders Up to 10%: http://t.co/Hr2W5D5Z4v
Sterph1
29 Jan 15 10:41:26
Back from gym & no change to plan. Ignore Gold for now & watch 1255 imo. Still w/ $F & $BAC & riding up w/ stops set.
Carolyn B Miciano
29 Jan 15 10:30:35
Complete courseware to become an Options expert http://t.co/n6J42XbmfT $JPM $BA $BAC
Perfor Mance
29 Jan 15 10:30:15
Option Millionaires: nlightn: $BAC,...More cost cuts at Bank of America http://t.co/ES1zBEoZu7
Rosner Stocks
29 Jan 15 10:27:40
$DE Stock Forum Updated Thursday, January 29, 2015 12:59:25 PM $WFC $RY $BAC $DNDNQ http://t.co/S0F0HfMRaA
Quantpost Financial
29 Jan 15 10:17:03
$BAC News: "More cost cuts at Bank of America $BAC $ABCB …" http://t.co/VhPLrpIru4 Board view: https://t.co/K7a2PxZJPk
SA Breaking News
29 Jan 15 10:17:01
More cost cuts at Bank of America http://t.co/p3swXwnc7a $BAC $ABCB
The Stock Professor
29 Jan 15 10:14:45
Facebook Tests Bluetooth 'Beacons' To Feed Users Local Content: [at The Wall Street Journ... http://t.co/JY4dq0Vvul $FB $TWTR $LNKD $BAC
Langan Stocks
29 Jan 15 10:14:11
$EXAS Stock Message Board Updated Thursday, January 29, 2015 1:03:30 PM $QCOM $DIA $BAC $TVIX http://t.co/Qi5ObQFkGg
John Turner
29 Jan 15 10:03:27
$BAC Bank of America Corp. Could Learn a Lesson About Dividends From This Under ... http://t.co/hB8NxHKzts
ProVesting
29 Jan 15 10:01:04
$AAPL $BAC: Trading Geo-politics, The Fed And Earnings: http://t.co/QJXm3GLr1h
Beursvolger
29 Jan 15 09:54:10
Minder verdienen = minder krijgen $BAC http://t.co/OniLZxSIfb
Deon Roberts
29 Jan 15 09:53:25
Looks like @bankofamerica is selling more branches, this time in Georgia and Florida http://t.co/BreTQsxMZP $BAC
StockNewsWires
29 Jan 15 09:46:03
$C $JPM $BAC $GS: Warren, Cummings Grill Banks on Change to Dodd-Frank Swaps ...: http://t.co/AXaQrgeLkA
Donald van Deventer
29 Jan 15 09:35:36
RT @KamakuraCo: U.S. Dollar Cost Of Funds Index 1.115% At 5 Years, January 28, 2015 $BAC $C $JPM $WFC http://t.co/3qmSfNkYXs via @salphatre…
The Stock Professor
29 Jan 15 09:34:15
Why Facebook shares are stuck despite that blowout quarter: [at MarketWatch] - Short-term... http://t.co/jQYv2FyvHs $FB $TWTR $LNKD $BAC
binaryoptionsocial
29 Jan 15 09:32:13
Bank of America Corporation (BAC) stock rose by 1.17%! Currently priced at 15.38. http://t.co/Mau92fVePk $BAC #stocks #binaryoptions
Bradley
29 Jan 15 09:22:15
I love this trading girl! $XLF $FXI $BAC $KO $EEM $TLT $EWT $COP $QQQ $VXX $XOP http://t.co/l9JkTCL0PV http://t.co/tfjoddRe5n
Pilot Joe
29 Jan 15 09:19:55
$BAC in the short for $15.38 for those playing along.
OTPicks.com
29 Jan 15 09:18:50
http://t.co/NYsxQOU64w Jake13: $BAC Sell? Click here to find out if $BAC is a: Jake13 http://t.co/9xr0EmWozT http://t.co/NYsxQOU64w
Nick
29 Jan 15 09:04:42
$BAC eq. trader bonus pool cut ~10%
leahanne
29 Jan 15 09:01:48
$ARRY Array Biopharma Inc (ARRY) 7.27 -0.13 (-1.76%) $BAC $LVS $PEP http://t.co/T9xlmt9S1z
Investors Hangout
29 Jan 15 09:00:37
Jake13: $BAC Sell? Click here to find out if $BAC is a http://t.co/hzAUTPPKJn
Investors Hangout
29 Jan 15 09:00:36
Jake13: $BAC Sell? Click here to find out if $BAC is a http://t.co/HukEU7KMu9
Kamakura Corporation
29 Jan 15 08:58:54
U.S. Dollar Cost Of Funds Index 1.115% At 5 Years, January 28, 2015 $BAC $C $JPM $WFC http://t.co/3qmSfNkYXs via @salphatrending
Jake13
29 Jan 15 08:56:17
$BAC Sell? Click here to find out if $BAC is a buy hold or sell. Watching these stocks. $ACHN $ODP $CVX $TD ht http://t.co/t9KiGHP1ho
The Stock Professor
29 Jan 15 08:55:21
Facebook: What the Street Is Saying: [at The Wall Street Journal] - Investors aren't sure... http://t.co/ydxCiQKG7i $FB $TWTR $LNKD $BAC
12Stocks.com
29 Jan 15 08:54:40
S&P100 #Stocks Performance $CL $MCD $DOW $BA $AAPL $HD $ABT $MON $BAC $LOW $BK $GS $PG $SBUX $JPM $SPG $MS more@ http://t.co/GA0wxE19nM
Quantpost Financial
29 Jan 15 08:47:57
$C $MS $GS $BAC News: "MKM Partners: January tumble leaves bulge-bracket names…" http://t.co/QwFMUXoAbw Board view: https://t.co/WlyuwCVzTw
SA Breaking News
29 Jan 15 08:47:54
MKM Partners: January tumble leaves bulge-bracket names cheap again http://t.co/LiCGgTrtaB $C $MS $GS $BAC
Julian
29 Jan 15 08:34:09
gran trade, el mejor de enero.. Bank of América $BAC, ¿una pausa en el avance o siguen las subidas? - See more at: http://t.co/3Up0mli4u5
Jake13
29 Jan 15 08:31:15
$ZHNE Buy or Sell? Click here to find out if $ZHNE is a buy hold or sell. Watching these stocks. $BAC $IYR $VL http://t.co/zo0hQCbHjU
PolgarStocks
29 Jan 15 08:25:43
$GOOG Short Sales Updated Thursday, January 29, 2015 11:07:41 AM $EOG $SDS $UGAZ $BAC http://t.co/XE3YE4srxc
Sterph1
29 Jan 15 08:24:59
Still $F and some $BAC for lunchtime shuffle & likely meander under/around S&P 2K. Rangey (volatile) daytrade days still on imo. use stops
Investors Hangout
29 Jan 15 08:21:09
jim50: $BAC Stock Date=Jan-28-2015 Open=15.72 High=15.73 http://t.co/pDNjbJVSzx
Investors Hangout
29 Jan 15 08:21:09
jim50: $BAC Stock Date=Jan-28-2015 Open=15.72 High=15.73 http://t.co/ESui6iFP25
The Stock Professor
29 Jan 15 08:14:27
Facebook tries to grab some of YouTube’s video ad share: [Market Realist] - Facebook’s (F... http://t.co/JpljZbNpcG $FB $TWTR $LNKD $BAC
Irma Doucet
29 Jan 15 08:01:12
$BAC Bank of America Corp. Could Learn a Lesson About Dividends From This Under ... http://t.co/fEq9RoL6s3
				
				
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.