Stocks ended little changed today, drifting throughout much of
the session ahead of the Labor Department tomorrow releasing a
belated jobs report for September. The S&P 500 briefly rose to
an all-time high early in the session while the Nasdaq Composite
Index, up four straight sessions, climbed to its best levels since
the Internet bubble before losing steam in afternoon trade.
Technology stocks performed well during the session while shares of
consumer staple and industrial companies also squeezed out small
Tomorrow's non-farm payrolls report, coming out 18 days later
than its usual first Friday of the month due to the partial
government shut-down, is expected to show employers added 185,000
new workers last month, up from 169,000 new hires during August.
The unemployment rate is expected to be stable at 7.3%.
Shares of home-builder companies slid today after the National
Association of Realtors reported existing home sales fell 1.9%
during September to an annualized 5.29 million pace, the first
decline in three months as rising mortgage rates and deteriorating
consumer confidence pushed more first-time buyers out of the
market. August figures also were downwardly revised to a 5.39
million annualized pace from an originally reported 5.48
Crude oil for November delivery settled $1.40 lower at $99.72
per barrel, falling under $100 per barrel after a government
inventory report show an unexpectedly large rise in inventories
during the week ended Oct. 11. November natural gas also fell,
declining 9 cents to $3.67 per 1 million BTU. December gold rose
$1.60 to finish at $1,315.80 per ounce while December silver added
$22.28 per ounce. Dec copper was unchanged at $3.30 per pound.
Here's where the markets stood at end-of-day:
Dow Jones Industrial Average down 7.45 (-0.1%) to 15,392.20
S&P 500 up 0.16 (+0.01%) to 1,744.66
Nasdaq Composite Index up 5.77 (+0.15%) to 3,920.05
Hang Seng Index up 0.42%
Shanghai China Composite Index up 1.62%
FTSE 100 Index up 0.48%
(+) HAS, The toy-maker reports Q3 revenue of $1.37 billion,
topping analyst consensus by $40 million. EPS of $1.31 also topped
expectations by $0.02 per share.
(+) TLAB, Agrees to be taken private by Marlin Equity Partners
in an $851-mln deal paying $2.45 per share in cash.
(+) FSLR, Awarded contract to supply 1.78 megawatts to Saudi
Aramco's King Abdullah Petroleum Studies and Research Center in
(-) MCD, Q3 revenue of $7.32 billion trails by estimates by $10
(-) PETS, Pet supplies retailer reports Q3 earnings of $0.21 per
share, missing Street view by $0.02 per share.
(-) RBS, UK bank regulators OK break-up plan for the troubled
bank into a "good bank" and "bad bank".
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