Wall Street Mixed as Benchmark Dow, S&P Lag NASDAQ

Michael Teague |

Stocks were finished at mixed results by the conclusion of trading on Thursday, with the benchmark Standard & Poor’s 500 and Dow Jones Industrials ending the day in the red, while the NASDAQ added a slight but undeniable tenth of one percent.

  • Standard & Poor’s 500: -0.13 percent, 1,845.89 points
  • Dow Jones Industrial Average: -0.39 percent, 16,417.01 points
  • NASDAQ: +0.09 percent, 4,218.69 points

Economic news for the day took the form of another report on the jobs market, with the Labor Department’s jobless claims count for the period ending January 11 edging slightly lower, and about 2,000 shy of analysts’ expectations.

On the S&P, it was a shockingly brutal day for Best Buy (BBY) . The brick-and-mortar retailer saw shares hemorrhage nearly 30 percent of their price by the closing bell after the company reported an awful holiday shopping season.



Financial stocks pared back the gains of the previous day, with Citigroup (C) down over 4 percent, and Bank of America (BAC) , Morgan Stanley (MS) , and JPMorgan (JPM) in tow. Aluminum giant Alcoa Inc. (AA) lead gainers, adding 4.25 percent by day’s end.

The Dow saw big losses for Unitedhealth Group Inc. (UNH) and Goldman Sachs (GS) , both of whom saw shares off by at least 2 percent.

The NASDAQ exchange ended higher, but the sell-off still hit a number of tech shares, with Zynga (ZNGA) off by 12 percent, and Facebook (FB) , Yahoo! Inc. (YHOO) , and Plug Power (PLUG) all closing substantially lower.

For more of Equities.com's coverage of daily trading action, be sure to peruse the following links:

Services: JC Penney to close 33 stores and slash 2,000 jobs.

Financials: Boston Private Financial ($BPHF) jumps on earnings statement.

Healthcare: Andrew Klips reports on recent developments in diabetes research.

OTC Markets: Joe Goldman explains why all the marijuana stocks are found on the OTC markets.

 

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
UNH UnitedHealth Group Incorporated (DE) 185.25 -1.25 -0.67 3,438,489 Trade
FB Facebook Inc. 155.07 1.67 1.09 18,026,977 Trade
AA Alcoa Inc. 31.09 1.29 4.33 6,410,938 Trade
C Citigroup Inc. 63.41 -0.21 -0.33 16,395,259 Trade
MS Morgan Stanley 43.69 -0.92 -2.06 15,915,082 Trade
JPM JP Morgan Chase 86.86 -0.16 -0.18 18,812,029 Trade
GS The Goldman Sachs Group Inc. 217.19 -2.58 -1.17 4,448,712 Trade
BAC Bank of America Corporation 22.82 -0.11 -0.48 85,399,612 Trade
BBY Best Buy Co. Inc. 55.18 -0.04 -0.07 4,088,402 Trade
ZNGA Zynga Inc. 3.79 0.17 4.70 23,223,875 Trade
YHOO Yahoo! Inc. 52.58 0.00 0.00 0 Trade
PLUG Plug Power Inc. 2.25 0.04 1.81 7,967,803 Trade
HKKIY Hitachi Koki Co. Ltd. ADR 125.94 0.00 0.00 0

Comments

Emerging Growth

Immunovaccine Inc.

Immunovaccine Inc is clinical stage biopharmaceutical company. The Company develops products based on its proprietary vaccine enhancement platform in T cell activating therapies for cancer.

Private Markets

Knightscope

Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…