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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
Stockaholics
21 Sep 14 14:56:49
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $FRCN $BRGO $GRPN
BUZZ Just-In
21 Sep 14 12:47:21
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Carolyn B Miciano
21 Sep 14 08:22:54
Top 7 Options trading mistakes http://t.co/vJaEdon2ei $INTC $EBAY $GRPN
BUZZ Just-In
21 Sep 14 08:02:05
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Carolyn B Miciano
21 Sep 14 07:10:49
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stt2318
21 Sep 14 07:05:09
$GRPN long setup http://t.co/IZ66IK5wjz
Rambouillet Sheep
21 Sep 14 06:45:23
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
Carolyn B Miciano
21 Sep 14 05:32:48
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21 Sep 14 05:16:57
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Carolyn B Miciano
21 Sep 14 05:05:40
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BUZZ Just-In
21 Sep 14 03:46:53
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BUZZ Just-In
21 Sep 14 03:31:52
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Stockaholics
21 Sep 14 02:04:56
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $GRPN $LEAP $DLX
Tushar Ghate
20 Sep 14 20:01:20
Just checked out Breitling Watches on $GRPN looks like they are stepping up their game. Rolex next?
vaheelfan
20 Sep 14 16:59:25
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
stt2318
20 Sep 14 16:55:21
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Dan
20 Sep 14 16:05:39
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
Scott
20 Sep 14 16:02:55
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
PlungeProtectionTeam
20 Sep 14 16:02:45
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
Auto Binary option
20 Sep 14 15:59:01
RT @VexTrades: 9/22 Watchlist: $ASPX, $BBLU, $CORT, $CVT, $GRPN, $HSOL, $INVT, $LIQD, $MERC, $MDW. http://t.co/IDMBKZbbz5
Woll Street
20 Sep 14 15:54:39
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bluefeather
20 Sep 14 15:53:57
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Brandon Hayward
20 Sep 14 15:53:07
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FonsieTrader
20 Sep 14 08:56:00
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Stockaholics
20 Sep 14 08:35:43
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $FRCN $BRGO $GRPN
Stockaholics
20 Sep 14 00:31:33
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Stockaholics
20 Sep 14 00:00:36
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $FRCN $BRGO $GRPN
Todd Pace
19 Sep 14 17:28:59
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Paul Chertyk
19 Sep 14 16:08:54
I've never known what to do with these digital stocks... market changes so fast. Where are $ZNGA, $GRPN and $KING now?
Anton Chekhov
19 Sep 14 15:31:26
@MelissaLeeCNBC slightly different tone than when say $GRPN went public. #Alibaba
Becky Markovitz
19 Sep 14 14:10:04
RT @Johnnerkell: #AlibabaIPO market value is greater than $YHOO, $NFLX $EBAY $Yelp $LNKD $TWTR and $GRPN combined. $BABA http://t.co/xkYwia…
Cash Bauer
19 Sep 14 12:54:01
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Stock Rocket
19 Sep 14 12:48:05
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $FRCN $BRGO $GRPN
Carolyn B Miciano
19 Sep 14 12:32:37
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Thudder & Wicks
19 Sep 14 12:04:14
Analyst Sees $GRPN #Groupon Shares Nearly Doubling http://t.co/U0NCVreEd2
Carolyn B Miciano
19 Sep 14 11:37:56
What is the VIX Index http://t.co/4CxfazTiEK $INTC $EBAY $GRPN
The Red Panda Can
19 Sep 14 11:21:29
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BUZZ Just-In
19 Sep 14 11:18:57
Track curated news and tweets for multiple tickers- Social Media Stocks http://t.co/ajElRTb2Qc $TWTR $LNKD $FB $GRPN $ZNGA
Rafael Scott
19 Sep 14 11:03:20
RT @Johnnerkell: #AlibabaIPO market value is greater than $YHOO, $NFLX $EBAY $Yelp $LNKD $TWTR and $GRPN combined. $BABA http://t.co/xkYwia…
Carolyn B Miciano
19 Sep 14 10:51:33
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Ibrahim Mert
19 Sep 14 10:48:14
RT @Johnnerkell: #AlibabaIPO market value is greater than $YHOO, $NFLX $EBAY $Yelp $LNKD $TWTR and $GRPN combined. $BABA http://t.co/xkYwia…
John Kell
19 Sep 14 10:45:10
#AlibabaIPO market value is greater than $YHOO, $NFLX $EBAY $Yelp $LNKD $TWTR and $GRPN combined. $BABA http://t.co/xkYwiao9MK
Stock Moo
19 Sep 14 10:42:02
$grpn: Analyst Sees Groupon Shares Nearly Doubling http://t.co/Kq55v00vif
john guerriero
19 Sep 14 10:22:58
$WNTR i-texts dividend news. Load the boat Next big social thing $viic $halb $stev $twtr $grpn $lnkd $fb $ntek $bcap $ptah $utrm $myec $baba
BUZZ Just-In
19 Sep 14 08:33:34
Don't ignore transactions costs- they add up- Social Media Stocks http://t.co/uhCJC31x41 $TWTR $LNKD $FB $GRPN $ZNGA #spreadbetting #cfd
Stock Moo
19 Sep 14 07:41:56
$grpn: Groupon Announces Canadian National Deal for Yogen Früz http://t.co/Zq1P2Fxp9S
PIT 500
19 Sep 14 07:34:55
$GRPN Moving higher!
BV Services
19 Sep 14 07:10:05
$GRPN Groupon Announces Canadian National Deal for Yogen Früz.. http://t.co/vao5ucRvu5
Carolyn B Miciano
19 Sep 14 07:03:20
Guide to using leverage on $SPX http://t.co/FBkr1M7zic $INTC $EBAY $GRPN
OPTIONS/STOCK EXPERT
19 Sep 14 06:25:16
$GRPN $YELP Groupon has several upcoming catalysts, says Sterne Agee
				
				
By  +Follow December 9, 2013 2:17PM
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