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

Jon Ogg — Fri, 08 Jan 2010 16:00:00 EST

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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Closing Bell: Jobs Giveth and Taketh Away (CYCC, QCOM, GS, LUV, PALM, GENZ) originally appeared on BloggingStocks on Fri, 08 Jan 2010 16:00:00 EST. Please see our terms for use of feeds.

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Dollar up sharply; gold plunges

Connie Madon — Fri, 04 Dec 2009 13:40:00 EST

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

Dollar up sharply; gold plunges originally appeared on BloggingStocks on Fri, 04 Dec 2009 13:40:00 EST. Please see our terms for use of feeds.

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

Jon Ogg — Thu, 19 Nov 2009 16:00:00 EST

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)

Closing Bell: The grinch comes early (INTC, HOTT, MVIS, ETFC, SHLD) originally appeared on BloggingStocks on Thu, 19 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

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