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Lowered Earnings Expectations send DJIA, S&P 500, and NASDAQ Into the Tank

By  +Follow January 13, 2014 2:39PM
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The shockingly dismal jobs report issued by the Department of Labor last week carried over into Monday’s trading session, exacerbating widespread expectations that the first earnings season of 2014 will a disappointing one, and sending stocks plummeting by the closing bell.

The Standard & Poor’s 500 index was off by 1.26 percent to 1,819.20, while the Dow Jones Industrial Average was off by 1.09 percent for a finish at 16,257.94. The NASDAQ took the hardest hit, tumbling 1.47 percent by the end of trading to 4,113.30.

On the S&P 500, big techs provided a significant amount of downward pressure, with Facebook (FB) , Microsoft (MSFT) , and Micron Technology (MU) all heading lower on the day’s heaviest trading. Big banks were also a drag on the benchmark index, however, as Bank of America (BAC) , Citigroup (C) , and Wells Fargo (WFC) off by a percent or more each.

On the upside, support came from Beam Inc. (BEAM) , as the iconic whiskey producer watched shares jump by 25 percent subsequent to the announcement of its acquisition by the popular Japanese distiller Suntory, a deal carrying a price tag of $16 billion including debt.

All of the Dow’s components were caught in the sell-off, with particularly heavy losses for Walt Disney Co. (DIS) and Nike Inc. (NKE) , with the lone exception being major drug manufacturer Merck & Co. Inc.’s (MRK) 6.50 percent gain after the FDA showed renewed interest in the company’s Vorapaxar cardiovascular treatment that had previously been all but written off as a failure.

On the NASDAQ, uber-trendy yoga apparel-maker Lululemon Athletica (LULU) was off by over 16 percent after the company slashed guidance ahead of the release of its balance sheet for the recently-ended quarter. Israeli kitchen gadget-maker SodaStream International (SODA) saw shares lower by 25 percent for the same reason.

Intercept Pharmaceuticals (ICPT) , meanwhile, pared back ever so slightly on the previous week’s heliotropic 560 percent leap, with the stock unloading a relatively insignificant 18 percent by the closing bell. Overall, healthcare stocks performed incredibly well despite the day’s frantic sell-off, with double-digit gains for Alnylam Pharmaceuticals (ALNY) , Galena Biopharma (GALE) , Cadence Pharmaceuticals (CADX) , and Sucampo Pharmaceuticals (SCMP) .

Natural gas futures slated for Feb. 14 delivery were rose over 6 percent to $4.30 on the day on expectations that the polar vortex will continue to engulf huge swathes of the US mainland in unusually cold temperatures over the coming weeks.

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 FB
Daryl Shaber
2 Sep 14 19:11:43
RT @stockwire24 Facebook Inc (NASDAQ:FB), 2 Others Catch Wall Street's Eye: http://t.co/N1wS3eDvY0 ... $FB http://t.co/nSc4DHHM39
Evener Investment
2 Sep 14 19:10:03
RT @IBDinvestors: Facebook and 5 Chinese Internet stocks with revenue growing more than 50% http://t.co/h5QQAa5SBJ $FB $BIDU $BITA $ATHM
LilyFlor
2 Sep 14 19:09:59
RT @chessNwine: I analyzed $FB $ISNS $TSLA and much more in my video market recap from earlier: http://t.co/f0u1p6w8z0 $SPY $TWTR
Swing Trade Alerts
2 Sep 14 19:09:30
IBD:Facebook and 5 Chinese Internet stocks with revenue growing more than 50% http://t.co/6gfx7DmEZC $FB $BIDU $BITA $ATHM
Jo Ann G.
2 Sep 14 19:09:26
RT @IBDinvestors: Facebook and 5 Chinese Internet stocks with revenue growing more than 50% http://t.co/h5QQAa5SBJ $FB $BIDU $BITA $ATHM
Chess
2 Sep 14 19:05:59
I analyzed $FB $ISNS $TSLA and much more in my video market recap from earlier: http://t.co/f0u1p6w8z0 $SPY $TWTR
Brett Carneiro
2 Sep 14 19:05:34
RT @IBDinvestors: Facebook and 5 Chinese Internet stocks with revenue growing more than 50% http://t.co/h5QQAa5SBJ $FB $BIDU $BITA $ATHM
Investors.com
2 Sep 14 19:05:09
Facebook and 5 Chinese Internet stocks with revenue growing more than 50% http://t.co/h5QQAa5SBJ $FB $BIDU $BITA $ATHM
Timothy Sykes
2 Sep 14 19:01:24
Thanks to all my $FB $TWTR $LNKD peeps for the kind words, all these runners today like $DGLY $ISNS are classic cases of my strategy
Market Headlines
2 Sep 14 19:00:53
$FB: Facebook Inc (NASDAQ:FB), 2 Others Catch Wall Street's Eye: http://t.co/M7wmssXwD3� http://t.co/u0S6f2HVVX http://t.co/9YLbRyh2VV
Stock Wire
2 Sep 14 18:58:49
Facebook Inc (NASDAQ:FB), 2 Others Catch Wall Street's Eye: http://t.co/NtN5QUOzF3 ... $FB http://t.co/JFf8Hhca4h
Alexander Lee
2 Sep 14 18:57:41
Watchlist: $DGLY $JRJC $ISNS $VII $FOLD $EVRY $OTIV $FNSR $SPLK $INO $RALY $SPWR $CTRP $UA $UAL $FB $TOUR #daytrade #stocks
Henry@R-investing
2 Sep 14 18:57:29
6 Top Internet Stocks With Booming Growth http://t.co/MVbTLHDNi8 #IBDNews via @IBDinvestors $BITA $LAS $ATHM $BIDU $FB $YY $QIHU $LEJU
JSA
2 Sep 14 18:57:05
successful vacation .. = did not log into $twtr or $fb once
natetrades
2 Sep 14 18:49:43
$FB started a position today. $76.74 is the magic number. https://t.co/Pp3QCl0ukE via http://t.co/eJgBzSEGxE
BUZZ Just-In
2 Sep 14 18:48:02
Track curated news and tweets for multiple tickers- Social Media Stocks http://t.co/ajElRTb2Qc $TWTR $LNKD $FB $GRPN $ZNGA
PennyStock Zone
2 Sep 14 18:42:56
Timothy Sykes Penny Stocking Silver Alerts Review http://t.co/QvXwwQkoVR #stocks #trading #nyse #nasdaq $FB $TWTR $RCON $XGTI
IntelligentSpec
2 Sep 14 18:41:44
$FB as an ecosystem on top of Android and iOS - http://t.co/0wBm8yDZDe
Accessatrader.com
2 Sep 14 18:40:48
RT @danshep55: Video going out 1hr . Good 2 way action with stupidity at highs lol http://t.co/tzn5UzFYgb $fb $isns $dgly
YourPersonalTrader
2 Sep 14 18:38:38
To all that said 'Momo Growth' stocks are 'Spring' dead,.via http://t.co/BReJnByjwt $FB $TWTR $TSLA $PANW $FEYE $BIDU http://t.co/rV00g03gJu
Mark Romero
2 Sep 14 18:37:42
“@IBDinvestors: Check Out 6 Top Internet Stocks With Booming Growth http://t.co/UStVhjLJjZ” $BITA $ATHM $FB $GOOG $BIDU
Leilani Pips
2 Sep 14 18:35:00
RT @SKITHEG: @PipsToDollars geez I guess I really dont like $fb long term. Its a dying social media site. Once the older generation gets a …
Ski The G
2 Sep 14 18:30:53
@PipsToDollars geez I guess I really dont like $fb long term. Its a dying social media site. Once the older generation gets a hand on it
PennyStock Zone
2 Sep 14 18:30:49
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Ho9ydXHTWl $HURC $RCON $FB
Ophir Gottlieb
2 Sep 14 18:30:10
$FB This is Why FB is a $200B Firm, Larger than $IBM and at an All-time High http://t.co/0p2eYPoxme
César Segovia
2 Sep 14 18:30:10
$FB esta apunto de establecer nuevos máximos históricos... si veo una buena configuración mañana lo operare al alza http://t.co/b0HYCJnZHd
Joshua Hayes
2 Sep 14 18:30:09
Small Caps Rally; NASDAQ Volume Explodes http://t.co/7RcUU6nshM $STUDY $RUT $IWM $COMPQ $QQQ $FB $TSLA $SPX $SPY $DJIA $DIA
CandidBanter
2 Sep 14 18:29:19
$FB - Right at all time high, up 2.49% today -- http://t.co/CI2K8Vx5Ds http://t.co/Vomne4Ku4S #stocks #trading
Maximus Analysis
2 Sep 14 18:28:27
Video: http://t.co/7SaZZdfrIy $AAPL $NFLX $MSFT $XOM $FB $TWTR http://t.co/lUE7UsHDUQ
Stewart McGehee
2 Sep 14 18:26:39
$SPY. Significant movers in the portfolio today. $REGN $SYNA $UA $UBNT $FB $TWTR!
The LincolnList
2 Sep 14 18:26:12
Here are a few stock ideas for tomorrow $FB $ISNS $CTRP $EFUT http://t.co/gpFyusmcTG
Russell Barbour
2 Sep 14 18:25:10
50% SALE on PROFITLY guru subscriptions! check it out! http://t.co/wOMl6j9XJB awesome value! NS $FB $IDN $BIDU $DGLY $HPJ
Financial Headlines
2 Sep 14 18:20:37
$FB: What Twitch deal says about Amazon's ad ambitions http://t.co/54arEgO9vQ http://t.co/E0spaSIEi9
G. T. HALL
2 Sep 14 18:20:01
Check Out 6 Top Internet Stocks With Booming Growth http://t.co/oDPQC6TqNP #IBDNews via @IBDinvestors $BITA $LA $FB $YY $GOOGL $QIHU $LEJU
Andrew E.
2 Sep 14 18:19:30
$FB is nearer to being a web browser. Saved links function is a bookmark service. Just need a better search engine and this is the new deal.
Mark McCabe
2 Sep 14 18:19:21
Commented on StockTwits: nobody knows "when" but many are confident that it will get there. $FB 100 PT on Mad Mon... http://t.co/rEUdMyYWqz
Active
2 Sep 14 18:16:09
RT @Pharma_Trader: Another American beheaded by #ISIS #PUSSIES - Time to get the sniper rifle out again... $FB $TWTR
Rubi Gaddi
2 Sep 14 18:13:56
RT @om: Looks like $FB closed at an all time high of $76.68 with market cap of a whisker below $200 billion (via @freddymini) http://t.co/0…
phil fratantonio
2 Sep 14 18:12:42
@jimcramer nice charts tonight on Madmoney. I like $FB $TSLA and $ UA. Great to see $REGN breakout tonight. $BIIB is next. $GILD aworkhorse
Russell Barbour
2 Sep 14 18:09:38
50% SALE on PROFITLY guru subscriptions! check it out! http://t.co/wOMl6j9XJB #stocks #trading $FB $nasdaq #nyse #money
BUZZ Just-In
2 Sep 14 18:03:00
Gain from movement in these buzzing assets $SPX Dow Jones $FB $Nasdaq $AAPL http://t.co/Ox8QGkVtrR
Ian Nelson
2 Sep 14 18:02:53
RT @Taarriqq: $GPRO $TWTR $FEYE $FB we decected institutionals flow b4 anyone else, posted last week, kept paying till today http://t.co/U…
PennyStock Zone
2 Sep 14 17:55:59
Replicate multimillionaire strategy easy to copy! Subscription is cheap at twice the price! http://t.co/Q6vtkuSPbk $HURC $FB $CAMT
Russell Barbour
2 Sep 14 17:55:15
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/jaeaMQhT8u #stocks #trading $FB
DanFitzpatrick
2 Sep 14 17:54:32
Here's my take on $TSLA $FB and $JCP http://t.co/rn5dMippPj My sincere thanks to @jimcramer for featuring my work.
Mark McCabe
2 Sep 14 17:54:12
@Taarriqq what do you think of $FB technicals now after today's move ?
YourPersonalTrader
2 Sep 14 17:51:18
$AVGO NCHi, YPT pick off EPS @$38 to $85 /1yr as $AAPL #iphone play via http://t.co/W8ChtHjgMA | $SPY $QQQ $FB $TWTR http://t.co/Mtl9yHpPaR
Claus
2 Sep 14 17:49:09
$FB picking up steam, all time closing high https://t.co/7KZGBvetzu
BUZZ Just-In
2 Sep 14 17:47:59
Transaction costs for trading $FB with brokers, min: 0.089% max: 0.194% difference: 1x http://t.co/ikQa2dNpeS #spreadbetting
Martin Lorentzon
2 Sep 14 17:46:39
RT @om: Looks like $FB closed at an all time high of $76.68 with market cap of a whisker below $200 billion (via @freddymini) http://t.co/0…
				
				
By  +Follow January 13, 2014 2:39PM
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