During
regular
trading
hours,
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stocks
that
continued
to
break
up
to
the
upside.
These
stocks
are
usually
going
up
with
news.If
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looking
to
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Quick Look Market Closing Price:
At the close: - Dow -0.43% to 16460. S&P -0.03% to 1837. Nasdaq +0.30% to 4165.
- Treasurys: 30-year -0.39%. 10-yr -0.44%. 5-yr -0.37%.
- Commodities: Crude -1.17% to $92.58. Gold -0.46% to $1224.
- Currencies: Euro -0.25% vs. dollar. Yen +0.15%. Pound -0.3%.
Market recap:
- Stocks ended mixed, with the major averages recovering from an initial drop after the FOMC minutes showed the Fed viewing the benefits of monetary stimulus as diminishing over time.
- Blue chips took the worst of it, as Microsoft and Disney helped pull the Dow 0.4% lower; the S&P finished fractionally higher, and the Nasdaq added 0.3%
- Before the open, ADP reported a better than expected increase in payrolls last month, supporting the argument for the Fed to continue its tapering.
- Most recent consumer and manufacturing data suggest the employment picture is improving - ADP is another data point that legitimizes the trend - and pointing to some upward bias toward Friday's December jobs report.
- The dollar rose against other major currencies; Treasury prices rose, with the 10-year yield rising 5 bps to 2.994%.
After Hours News:
UP AFTER EARNINGS: Global Payments (GPN), up 5.1%...
Mistras
Group (MG), up 6.5%...
eHealth (EHTH), up 2.2% after guiding fourth quarter and
fiscal-2013 revenues above expectations.
Macy's (M), up 5.1% after
affirming its fiscal-year earnings guidance and announcing it will cut 2,500
employees as part of cost reduction initiatives. The company also gave a
fiscal-2014 earnings outlook that topped estimates, saying it expects its
cost-saving initiatives to generate $100M in yearly savings beginning in
2014...
Sequenom (SQNM), up 11% after being
granted a patent for novel methods for detecting fetal aneuploidy using
sequencing by the European Patent Office...
Actavis (ACT), up 2.7% after
announcing that it received FDA approval for a generic version of Boehringer
Ingelheim's Micardis.
DOWN AFTER EARNINGS:
Bed Bath & Beyond (BBBY),
down 8.4% after third quarter earnings, in addition to its fourth quarter and
fiscal-2013 guidance, missed expectations...
Calix (CALX), down 11% after
cutting its fourth quarter earnings and revenue view...
Zumiez (ZUMZ), down 7% after
cutting its fourth quarter earnings and sales outlook, saying same-store sales
fell 2.4% for the five-week period ended January 4.
ALSO LOWER: Rovi (ROVI),
down 3.2% after giving a fiscal-2013 and fiscal-2014 earnings and sales outlook
that disappointed and announcing plans to sell its DivX and MainConcept
business...
Aeterna Zentaris (AEZS), down 15% after filing to sell common stock
and warrants... Blackstone
Mortgage (BXMT), down 2.4% after filing to sell 8.5M
common shares.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
