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JobsData posts

Closing Bell: Jobs Giveth and Taketh Away (CYCC, QCOM, GS, LUV, PALM, GENZ)

Posted Jan 8th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Goldman Sachs Group (GS), Southwest Airlines (LUV), QUALCOMM Inc (QCOM), Palm Inc (PALM)

Today needed a strong jobs number to keep traders interested and to keep traders and investors from taking profits. A 10% unemployment reading and a loss of 85,000 non-farm payrolls for December was not enough. The drop in the dollar earlier today (based on the FOMC being able to keep a zero-rate) may have been the only thing that kept more profit taking by stock trading from coming. Here were today's unofficial closing bell levels:

Dow 10,617.06 +10.20 (0.10%)
S&P 500 1,144.93 +3.24 (0.28%)
Nasdaq 2,317.17 +17.12 (0.74%)

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Continue reading Closing Bell: Jobs Giveth and Taketh Away (CYCC, QCOM, GS, LUV, PALM, GENZ)

Dollar up sharply; gold plunges

Posted Dec 4th 2009 1:40PM by Connie Madon (RSS feed)
Filed under: Economic Data, Commodities

Today's jobs number could be game changer. US jobs fell by only 11,000. Analysts had expected 130,000.

Traders reacted instantly. The S & P initially rose 1.3% to 1,117.20,but has turned lower.

The dollar rose against the euro, up .8%. The euro traded at $1.49, down against the dollar. Against the yen, the dollar rose 1.7% to Y89.80. On a trade weighted basis the dollar traded at 75.29.

With hope of a of a stronger economy, oil initially rose 1.3% to $77.48 per barrel, but followed commodities lower. Gold, which had trading higher on a weak dollar, fell 1.5% to $1,188.20 per ounce. At noon EDT, gold was down $49.00 per ounce.

Continue reading Dollar up sharply; gold plunges

Closing Bell: The grinch comes early (INTC, HOTT, MVIS, ETFC, SHLD)

Posted Nov 19th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Intel (INTC), Sears Holdings (SHLD), E*TRADE (ETFC)

Today's jobs data was not bad, relatively any way, but the housing delinquencies and foreclosure rates was just awful and not representative of anything good. The overseas selling had the markets soft this morning and despite a recovery off lows the 'positive green line' was never really in the cards at the end of the trading day. The retailers are also running soft because of excessive discounting and promotions before the holiday season even starts.

Here are the unofficial closing bell levels:

Dow 10,341.44 -84.87 (-0.81%)
S&P 500 1,094.90 -14.90 (-1.34%)
Nasdaq 2,156.82 -36.32 (-1.66%)

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Continue reading Closing Bell: The grinch comes early (INTC, HOTT, MVIS, ETFC, SHLD)