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S&P Closes on New Record High as Stocks Inch Upward

By  +Follow December 9, 2013 2:17PM
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Stocks pared back early gains to end the first trading day of the week modestly higher on Wall Street, as investors have little in the way of economic datato distract them from speculating on what announcement, if any, will be made regarding Federal Treasury spending at the conclusion of the central bank’s monthly policy meeting next week.

The Standard & Poor’s 500 index ended the day at a new record-high on a gain of 0.18 percent to 1,808.37 points, while the Dow Jones Industrial Average inched up a slight 0.03 percent to 16,025.33 points, and the NASDAQ was 0.15 percent higher at 4,068.75.

McDonald’s Corp. (MCD) dropped over 1 percent on the day, but the Dow got plenty of support on the upside with gains for General Electric (GE) , Microsoft (MSFT) , and oil & gas giant Chevron (CVX) .

On the S&P 500, major food retailer Sysco Corp. (SYY) closed the day nearly 10 percent higher on the most volume of any stock on the index after the announcement of its $3.5 billion merger with US Foods, a move that could increase the company’s sales by nearly 50 percent. Tech companies rose on heavy trading as well, with gains for Micron Technology (MU) , Intel (INTC) , and AT&T (T) .

On the NASDAQ, shares for Israeli medical appliance manufacturer Given Imaging Ltd. (GIVN) jumped over 27 percent by the closing bell after Sunday’s announcementthat the company was being purchased for $680 million by Covidien Plc. (COV) . Biotech firms Gilead Sciences (GILD) , Ariad Pharmaceuticals (ARIA) , and Infinity Pharmaceuticals (INFI) also notched gains.

Social media/mobile-based techs performed well, with Facebook (FB) up nearly 2 percent and Groupon (GRPN) adding over 5.

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 GRPN
PsychSignal
31 Oct 14 09:01:25
88.0% increased bullish conversations in $GRPN in the past 1 hour.
Stocks News&Markets
31 Oct 14 09:01:08
lx21 made $78,624 on $JAMN -Check it out! http://t.co/MB2lwLmJpL Learn #howtotrade http://t.co/axK8SMSgo9 $JDST $OPLK $GRPN $CTRL $VPCO
Can Demiryürek
31 Oct 14 09:00:53
$GRPN Bullish
Stock Wars
31 Oct 14 09:00:00
U.S. Gainers: $GRPN +19.7%, $MELI +17.2%, $GPRO +13.0%, $AMKR +12.56%, $LNKD +12.33% http://t.co/iKxPnk4TjS #StockWars
Option Beast
31 Oct 14 08:59:44
RT @CNBC_critc: SELL EVERYTHING BUY $GRPN! and other folly @cnbc
Yuppy
31 Oct 14 08:56:34
RT @StockSignaling: Movers and Shakers: Trading on Major News: $WU $NEM $ABX $EXPE $GG $GRPN $ABC $TTWO $BWA $NOV $TASR $WLT $BG $V $MPC ht…
Leilani Pips
31 Oct 14 08:53:57
$GRPN CALLS had huge volume yesterday. So many people are holding multi baggers today. Up 22 PERCENT
Lance Zhao
31 Oct 14 08:53:53
$GRPN Only thing moving this stock up is shorts covering and greed. Fundamentals don't support this whatsoever
CNBC_critc
31 Oct 14 08:53:52
SELL EVERYTHING BUY $GRPN! and other folly @cnbc
12Stocks.com
31 Oct 14 08:53:07
MidCap #Stocks Performance $FSL $LNKD $GRPN $FCS $SGEN $MCHP $ADI $ATML $ONNN $MXIM $FLT $MRVL $EGN $VEEV more@ http://t.co/tf79gD96D3
GetRichTrading
31 Oct 14 08:52:32
Piked early for 15% $GRPN sell, should have held to make 25%! Gains are gains oh well.
Peter Pan
31 Oct 14 08:51:21
lotto in $GRPN 7.50 weekly 20 cons at .03 fun bucks incase this hits 8 on a squeeze i can make 15x
PsychoOnWallSt
31 Oct 14 08:51:02
$GRPN daily deal is 22% premium on shares
theWizardofStocks
31 Oct 14 08:50:08
Just remember though @CNBCFastmoney 's @ReformedBroker atleast has wit. Without that he is just another Ex broker that lost client $$ $GRPN
TrendTrader4u
31 Oct 14 08:50:01
Commented on StockTwits: $GRPN up 50 cents for this $7 stock, power of big boys. http://t.co/z6QKlMhWW6
theWizardofStocks
31 Oct 14 08:48:58
and don't worry, @fastmoneycnbc BS artist @ReformedBroker told u not to buy $GRPN into earnings! oopppssss #REFORMEDJOKER
Leilani Pips
31 Oct 14 08:48:38
RT @WuTangCannabis: $GRPN up up up @ $7.29 #suuu
Wu Weed
31 Oct 14 08:47:56
$GRPN up up up @ $7.29 #suuu
theWizardofStocks
31 Oct 14 08:47:47
$GRPN being a SHORT KILLLLERRRR!!!!!! just wow!!! It's good thing I have common stock because my call are up over 300% now!!
BUZZ Just-In
31 Oct 14 08:47:21
Track curated news and tweets for multiple tickers- Social Media Stocks http://t.co/ajElRTb2Qc $TWTR $LNKD $FB $GRPN $ZNGA
Ophir Gottlieb
31 Oct 14 08:46:45
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
Hereitfirst
31 Oct 14 08:46:38
how to day trade $GRPN $FB $INTC $ARCP $AAPL $RFMD $MU $SIRI $TVIX $MSFT http://t.co/uTZpFW8a4K
Market Trader Daily
31 Oct 14 08:46:12
$GRPN 7.27 +1.28 lifts with volume
Leilani Pips
31 Oct 14 08:46:02
Who knew $GRPN has legs today. I actually have groupons and they're pretty awesome.
Syd Weedon
31 Oct 14 08:45:41
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
Monta una Empresa
31 Oct 14 08:45:14
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
ARENA BURSATIL
31 Oct 14 08:41:34
$GRPN me quede esperando si bajaba a 4.5 para comprar y no bajo... reporto y hoy +19% sales del radar
BlockTradeAlert
31 Oct 14 08:38:47
BLOCK TRADE: $GRPN 250,000 shares @ $7.16 [11:38:46]
The Raging Bull
31 Oct 14 08:38:10
only focusing on 1 to 2 trades i wanted to short that early pop in $AAL but was denied. So $GRPN long from 6.86 only play for me til 2pm
Two Margins
31 Oct 14 08:38:04
$GRPN gained 19.20% to $7.14 after the company reported stronger-than-expected third-quarter earnings. Buyers have been active.
Austin Gorvett
31 Oct 14 08:36:30
$GRPN (@ Park Community Church - @parkchurch in Chicago, IL) https://t.co/Vbeed4ZzHu
hello
31 Oct 14 08:35:38
@WizardofStocks $grpn no the other gurus front load and dump on there sheep, superman, investorlive,
sandeep dhir
31 Oct 14 08:35:09
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
Big Money
31 Oct 14 08:34:13
$GRPN $GRPO $CDTI >check this out $ONVO http://t.co/uXUW0oSbRx http://t.co/lbSjtwFwXo
Tienda del Inversor
31 Oct 14 08:33:36
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
Jon Vince
31 Oct 14 08:33:26
Not involved, but who wuda guessed that Socials, $LNKD & $GRPN wud pop like this after major $TWTR & $FB fails.
howardlindzon
31 Oct 14 08:31:37
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
John Ladd
31 Oct 14 08:31:16
$GRPN going HAM! What a move today
Jose Manuel Escandon
31 Oct 14 08:30:39
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
Matt Sivakumar
31 Oct 14 08:28:37
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
TweetMeMaybe
31 Oct 14 08:26:44
@StockTwits $GRPN is a tech stock? lol
Ski The G
31 Oct 14 08:25:26
RT @alldayAHORRE: $GRPN easy $$
theWizardofStocks
31 Oct 14 08:25:20
did any1 on ur stream give u chance at a 300% gainer in $GRPN like i did last night!!??? Nahh i didn't think so, they play for pennies
leahanne
31 Oct 14 08:24:40
$AMZN http://t.co/8KeyAjqsWX Inc (AMZN) 303.79 +4.72 (+1.58%) $GE $SSO $GRPN http://t.co/iUL6BrTTA6
John Michael
31 Oct 14 08:24:02
RT @StockTwits: 3 tech stocks ripping higher today: $LNKD +12% http://t.co/7IeVDqqw17 $GPRO +13% http://t.co/04hSNFHYj5 $GRPN +19% http://…
theWizardofStocks
31 Oct 14 08:23:29
RT @rodolfomunoz2: @WizardofStocks friend awesome call on $GRPN.
BrutusMaximus
31 Oct 14 08:23:29
$LNKD +12% $GPRO +13% $GRPN +19%
rodolfo munoz
31 Oct 14 08:23:22
@WizardofStocks friend awesome call on $GRPN.
Owen Jennings
31 Oct 14 08:23:01
$GPRO +13% $GRPN +19%
Peter Pan
31 Oct 14 08:22:44
i feel like $GRPN is gonna do something stupid and squeeze to 8
				
				
By  +Follow December 9, 2013 2:17PM
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