DJIA, Nasdaq, S&P Calm on Mixed Bag of Economic Data

Jacob Harper |

As the springtime earnings season continues to wind down the major indices remained relatively flat, with players seeming treating the mixed bag of economic data in kind.

While jobless claims rose 14,000 to 334,000, consumer spending increased 0.9 percent, well above analyst expectations of 0.6 percent. The anticipated winding down of quantitative easing by the Fed the day prior also didn’t affect markets that much, as it is assumed the stimulus reduction had already been factored in by the market.

The S&P remained completely unchanged, while the Dow saw some whipsaw action and ended the day ever-so-slightly in the red. International Business Machines (IBM) headed up the DJIA’s loss column, shedding 1.5 percent. United Technologies Corp ($UTX), Microsoft (MSFT) and Exxon Mobil Corporation (XOM) also dropped on the day.

Healthcare and tech helped edge Nasdaq into the black, notably a strong performance from beleaguered smartphone maker BlackBerry (BBRY) who gained 4.05 percent on heavy trading.



Results for May 1, 2014

  • Standard & Poor’s 500: -0.27 percent to 1,883.68 points
  • Dow Jones Industrial Average: -0.13 percent to 16,559 points
  • NASDAQ Exchange:  +0.30 percent to 4,127 points

Our Top Stories

Stocks

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

Companies

Symbol Name Price Change % Volume
IBM International Business Machines Corp 139.64 -0.06 -0.04 308,723 Trade
UTX United Technologies Corporation 114.88 -0.60 -0.52 129,827 Trade
XOM Exxon Mobil Corporation 76.15 -0.49 -0.64 733,604 Trade
BBRY BlackBerry Limited 8.59 -0.10 -1.09 290,050 Trade
MSFT Microsoft Corporation 72.13 -0.36 -0.50 1,356,038 Trade
GGNDF GN Store Nord A/S 29.62 0.00 0.00 0

Comments

Emerging Growth

CRUZ COBALT CORP.

Cruz Cobalt Corp is a cobalt mining company. It is engaged in the acquisition and exploration of mineral properties. Its projects include the Hector Cobalt prospect, the Bucke Cobalt prospect,…

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…