Equities Mid-Day Stock Market Roundup: Wall Street Down on Jobs Data

Equities Editors Desk |

New York Stock Exchange NYSEU.S. stocks continued to decline in mid-day trading today as an unexpected rise in jobless claims added fuel to the bearish fire. The Dow Jones Industrial Average and the S&P 500 are both down, while Nasdaq is trading up. Claims for unemployment rose 43,000 to 474,000 last week. Economic indicators seem to be pointing at a weakening U.S. recovery effort, even while some of the largest domestic and international corporations have posted better than expected first quarter earnings. Worse yet, commodities and the dollar are both experiencing significant pullbacks as well, raising concerns that deflationary forces could be mounting. Gold and silver prices have continued to slide, perhaps signaling a possible end to the hot streak the precious metals have been on the last few years. Oil prices also continue to fall on lowered demand, hitting as low as $101 a barrel. The dollar also dropped 5 percent against the Japanese yen. Could investors really be selling in May and completely going away?

Major U.S. Stock Indices

DJIA: 12,682.22 (-0.33 percent)
S&P 500: 1,345.56 (-0.13 percent)
Nasdaq: 2,837.42 (+0.32 percent)
Russell 2000: 838.09 (+0.62 percent)

In other news:

  • This time last year the market took a historic tumble. Today is the anniversary of the flash crash. [Reuters]
  • General Motors (NYSE: GM) is on a roll. The automaker has posted five consecutive quarters in the black, and tripled earnings in Q1. [Marketwatch]
  • Unemployment may be up but consumers are still spending, at least in April. Retail companies like Gap (NYSE: GPS), Limited Brands (NYSE: LTD), and Macy's (NYSE: M) all saw strong sales last month. [NY Times]
  • Is Twitter really changing the way Wall Street traders follow the stock market? [USA Today]
  • Margin increases seem to be the reason why gold and silver continue to see a sell-off. ETF investors in iShares Silver Trust (NYSE: SLV) and SPDR Gold Shares (NYSE: GLD) are feeling the pain, but physically backed ETFs like ETFS Physical Swiss Gold Shares (NYSE: SGOL) and ETFS Physical Silver Shares (NYSE: SIVR) have held up a little better. [The Street]

Check back as more news develops.


Jobless claims rose by 43,000 to 474,000 in the past week.

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


Symbol Name Price Change % Volume
GTH:CA U.S. Geothermal Inc. n/a n/a n/a 0
COG Cabot Oil & Gas Corporation 24.66 0.07 0.28 1,331,967 Trade
HES Hess Corporation 39.81 -0.89 -2.19 1,103,956 Trade
JNJ Johnson & Johnson 134.18 0.80 0.60 2,087,718 Trade
WMT Wal-Mart Stores Inc. 80.85 0.08 0.10 6,335,873 Trade
IBM International Business Machines Corp 142.57 0.50 0.35 1,783,121 Trade
VLO Valero Energy Corporation 66.49 -0.66 -0.98 982,633 Trade
MPC Marathon Petroleum Corporation 51.16 -0.73 -1.41 1,612,213 Trade
AXP American Express Company 87.43 0.64 0.73 1,572,888 Trade
UTX United Technologies Corporation 117.82 2.56 2.22 1,618,153 Trade
AMZN Amazon.com Inc. 979.46 -3.28 -0.33 1,994,707 Trade
FRGI Fiesta Restaurant Group Inc. 18.33 -0.03 -0.14 108,192 Trade
MCD McDonald\'s Corporation 159.00 1.38 0.88 1,021,832 Trade
SCTY SolarCity Corporation n/a n/a n/a 0 Trade
BBY Best Buy Co. Inc. 60.64 1.67 2.82 1,559,767 Trade
HPQ HP Inc. 18.97 -0.08 -0.39 4,218,142 Trade
NFLX Netflix Inc. 169.05 0.55 0.33 4,811,008 Trade
BA Boeing Company (The) 238.02 -1.15 -0.48 1,473,718 Trade
Z Zillow Group Inc. 40.39 -0.46 -1.13 887,743 Trade
KO Coca-Cola Company (The) 46.21 0.02 0.04 4,094,160 Trade
SSTK Shutterstock Inc. 34.03 0.25 0.74 60,867 Trade
ANGI Angie\'s List Inc. 11.57 0.07 0.61 157,920 Trade


Emerging Growth

THC Therapeutics Inc

THC Therapeutics Inc is a health and healing company in the cannabis industry. The Company is engaged in developing dHydronator which is used to reduce moisture and effectively dry out…

Private Markets


Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

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.