Equities Market Recap

Brittney Barrett |

All three major indexes ended higher today on reports that private companies are adding jobs. The lack of new jobs has been a concern regarding the strength of the economic recovery and indications of improvement tend to push the market higher. Today, ADP, a payroll processor announced private companies added  upwards of 200,000 employees in February, meeting analyst’s expectation.

Telecommunications stocks  were the primary gainers on Wednesday with a 1.4 percent increase for the sector. Everyone of the 10 companies that comprise benchmark Standard & Poor's 500 index rose.

The SP index was up 8.82 points, or 0.7 percent at close, finishing the day at 1,328.26. The Dow Jones industrial average was also up 71.60, or 0.6 percent, to 12,350.61. The Nasdaq composite climbed 19.90, or 0.7 percent, to 2,776.79.

Three stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.9 billion shares.

Big gainers for the day included biopharmaceutical company, Cephalon, Inc. (NASDAQ: CEPH) which rose 28.41% and digital, wireless technology provider InterDigital, Inc (NASDAQ: IDCC). Clean Energy Fuels Corp (NASDAQ: CLNE)  rose 9.95% and 3D Systems Corporation (NASDAQ: TDSC) closed 9.78% higher.

 

 

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
IGC.WS India Globalization Capital Inc. Wt n/a n/a n/a n/a

Comments

Emerging Growth

InMed Pharmaceuticals Inc.

InMed is a clinical stage biopharmaceutical company that specializes in developing novel therapies through the research and development into the extensive pharmacology of cannabinoids coupled with innovative drug delivery systems.…

Private Markets

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…