Stock Market News
US open: S&P 500 at technical resistance
03-02-2012 16:11
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Dow Jones Industrial: 1.01%
Nasdaq Comp.: 1.34%
S&P 500: 1.16%
The main US equity benchmarks are still rising by over 1%. That following the release of what at first glance looks to be a far better than expected reading on the US labour market.
Nonetheless, it must be had in account that the S&P 500 is now at an important level of technical resistance, at 1,340 points.
Strikingly, manufacturing sector employment rose by 50,000, while the unemployment fell to 8.3% from 8.5% the month before (partly due in part to technical factors).
National Oilwell will pay $670m for NKT.
The latest quarterly results from the likes of Beam, Tyson and Aon have come in better than forecast.
MACROECONOMY
Non-farm payrolls rose by 243,000 in December (Consensus: 160,000), with the unemployment rate falling to 8.3%.
OTHER MAKETS
Front month West Texas crude futures are now rising by 0.54% to the $96.88/barrel in NYMEX trading.
10 year US Treasuries are now falling by 31/32 dollars, with yields at 1.93%.
S&P 500 - Risers
Genworth Financial Inc. (GNW) $9.24 +14.93%
Gilead Sciences Inc. (GILD) $53.73 +8.96%
PerkinElmer Inc. (PKI) $26.41 +6.97%
Tenet Hlthcre Corp. (THC) $5.80 +6.72%
Tyson Foods Inc. (TSN) $19.74 +6.02%
Lennar Corp. Class A (LEN) $23.00 +5.82%
Janus Capital Group Inc. (JNS) $8.66 +5.67%
Whirlpool Corp. (WHR) $67.99 +5.64%
Federated Investors Inc. (FII) $19.26 +5.48%
Robert Half International Inc. (RHI) $29.62 +5.37%
S&P 500 - Fallers
Edwards Lifesciences Corp. (EW) $72.42 -10.23%
Estee Lauder Co. Inc. (EL) $56.38 -4.20%
Wynn Resorts Ltd. (WYNN) $115.77 -4.15%
Unitedhealth Group Inc. (UNH) $51.02 -2.89%
Aetna Inc. (AET) $43.50 -2.88%
WellPoint Inc. (WLP) $63.62 -2.37%
Carmax Inc. (KMX) $29.90 -2.13%
FirstEnergy Corp. (FE) $43.06 -2.03%
Aon Corp. (AON) $48.55 -1.66%
Kroger Co. (KR) $23.60 -1.54%
Dow Jones I.A - Risers
Bank of America Corp. (BAC) $7.79 +4.54%
Alcoa Inc. (AA) $10.67 +2.40%
Caterpillar Inc. (CAT) $112.92 +2.35%
JP Morgan Chase & Co. (JPM) $38.35 +2.13%
Hewlett-Packard Co. (HPQ) $29.08 +2.04%
Walt Disney Co. (DIS) $39.68 +1.98%
American Express Co. (AXP) $52.06 +1.76%
Boeing Co. (BA) $76.49 +1.69%
Cisco Systems Inc. (CSCO) $20.13 +1.67%
General Electric Co. (GE) $19.06 +1.65%
Dow Jones I.A - Fallers
Merck & Co. Inc. (MRK) $38.32 -0.31%
Nasdaq 100 - Risers
Gilead Sciences Inc. (GILD) $53.73 +8.96%
Urban Outfitters Inc. (URBN) $27.84 +5.30%
Foster Wheeler AG (FWLT) $23.97 +4.35%
Fiserv Inc. (FISV) $65.72 +4.14%
NetApp Inc. (NTAP) $40.72 +3.27%
Liberty Interactive Corp (LINTA) $18.05 +3.14%
Baidu Inc. (BIDU) $134.69 +2.99%
Expedia Inc. (EXPE) $33.97 +2.88%
Infosys Technologies Ltd. (INFY) $57.05 +2.79%
Seagate Technology Plc (STX) $26.43 +2.66%
Nasdaq 100 - Fallers
Vertex Pharmaceuticals Inc. (VRTX) $36.33 -5.34%
Wynn Resorts Ltd. (WYNN) $115.77 -4.15%
Celgene Corp. (CELG) $73.28 -1.19%
Electronic Arts Inc. (EA) $19.40 -0.84%
Research in Motion Ltd. (RIMM) $17.07 -0.81%
Amgen Inc. (AMGN) $69.27 -0.50%
Teva Pharmaceutical Industries Ltd. ADS (TEVA) $45.68 -0.50%
Costco Wholesale Corp. (COST) $85.20 -0.36%
AB
Nasdaq Comp.: 1.34%
S&P 500: 1.16%
The main US equity benchmarks are still rising by over 1%. That following the release of what at first glance looks to be a far better than expected reading on the US labour market.
Nonetheless, it must be had in account that the S&P 500 is now at an important level of technical resistance, at 1,340 points.
Strikingly, manufacturing sector employment rose by 50,000, while the unemployment fell to 8.3% from 8.5% the month before (partly due in part to technical factors).
National Oilwell will pay $670m for NKT.
The latest quarterly results from the likes of Beam, Tyson and Aon have come in better than forecast.
MACROECONOMY
Non-farm payrolls rose by 243,000 in December (Consensus: 160,000), with the unemployment rate falling to 8.3%.
OTHER MAKETS
Front month West Texas crude futures are now rising by 0.54% to the $96.88/barrel in NYMEX trading.
10 year US Treasuries are now falling by 31/32 dollars, with yields at 1.93%.
S&P 500 - Risers
Genworth Financial Inc. (GNW) $9.24 +14.93%
Gilead Sciences Inc. (GILD) $53.73 +8.96%
PerkinElmer Inc. (PKI) $26.41 +6.97%
Tenet Hlthcre Corp. (THC) $5.80 +6.72%
Tyson Foods Inc. (TSN) $19.74 +6.02%
Lennar Corp. Class A (LEN) $23.00 +5.82%
Janus Capital Group Inc. (JNS) $8.66 +5.67%
Whirlpool Corp. (WHR) $67.99 +5.64%
Federated Investors Inc. (FII) $19.26 +5.48%
Robert Half International Inc. (RHI) $29.62 +5.37%
S&P 500 - Fallers
Edwards Lifesciences Corp. (EW) $72.42 -10.23%
Estee Lauder Co. Inc. (EL) $56.38 -4.20%
Wynn Resorts Ltd. (WYNN) $115.77 -4.15%
Unitedhealth Group Inc. (UNH) $51.02 -2.89%
Aetna Inc. (AET) $43.50 -2.88%
WellPoint Inc. (WLP) $63.62 -2.37%
Carmax Inc. (KMX) $29.90 -2.13%
FirstEnergy Corp. (FE) $43.06 -2.03%
Aon Corp. (AON) $48.55 -1.66%
Kroger Co. (KR) $23.60 -1.54%
Dow Jones I.A - Risers
Bank of America Corp. (BAC) $7.79 +4.54%
Alcoa Inc. (AA) $10.67 +2.40%
Caterpillar Inc. (CAT) $112.92 +2.35%
JP Morgan Chase & Co. (JPM) $38.35 +2.13%
Hewlett-Packard Co. (HPQ) $29.08 +2.04%
Walt Disney Co. (DIS) $39.68 +1.98%
American Express Co. (AXP) $52.06 +1.76%
Boeing Co. (BA) $76.49 +1.69%
Cisco Systems Inc. (CSCO) $20.13 +1.67%
General Electric Co. (GE) $19.06 +1.65%
Dow Jones I.A - Fallers
Merck & Co. Inc. (MRK) $38.32 -0.31%
Nasdaq 100 - Risers
Gilead Sciences Inc. (GILD) $53.73 +8.96%
Urban Outfitters Inc. (URBN) $27.84 +5.30%
Foster Wheeler AG (FWLT) $23.97 +4.35%
Fiserv Inc. (FISV) $65.72 +4.14%
NetApp Inc. (NTAP) $40.72 +3.27%
Liberty Interactive Corp (LINTA) $18.05 +3.14%
Baidu Inc. (BIDU) $134.69 +2.99%
Expedia Inc. (EXPE) $33.97 +2.88%
Infosys Technologies Ltd. (INFY) $57.05 +2.79%
Seagate Technology Plc (STX) $26.43 +2.66%
Nasdaq 100 - Fallers
Vertex Pharmaceuticals Inc. (VRTX) $36.33 -5.34%
Wynn Resorts Ltd. (WYNN) $115.77 -4.15%
Celgene Corp. (CELG) $73.28 -1.19%
Electronic Arts Inc. (EA) $19.40 -0.84%
Research in Motion Ltd. (RIMM) $17.07 -0.81%
Amgen Inc. (AMGN) $69.27 -0.50%
Teva Pharmaceutical Industries Ltd. ADS (TEVA) $45.68 -0.50%
Costco Wholesale Corp. (COST) $85.20 -0.36%
AB
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