CLOSING UPDATE: Stocks End Near Flat After 200 Point Roller-Coaster Tied to August Payrolls, Russian Saber-Rattling

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At the end of a very volatile day the stock market settled near flat as a soft jobs report combined with renewed geo-political tensions tied to Syria caused stock prices to swing in a 221 point range. A below consensus gain in August payrolls combined with deep downward revisions to June and July sent stocks higher at the open as fears of a Fed tapering were mitigated by the bearish data. The markets went into freefall after Russian President Vladimir Putin made comments supporting the Syrian government. Eventually, the bulls won out, lifting equities off their lows and closing near even.

Here's where the markets stood at the close:

US MARKETS


Dow Jones Industrial Index was down 14.98 (-0.10%) to 14,922.50

S&P 500 was up 0.09 (+0.01%) to 1,655.17

Nasdaq Composite Index was up 1.23 (+0.03%) to 3,660.01

GLOBAL SENTIMENT

FTSE 100 was up 0.23%

Nikkei 225 was down 1.45%

Hang Seng Index was up 0.10%

Shanghai China Composite Index was up 0.83%

UPSIDE MOVERS:

PAY, VeriFone reported better-than-expected Q3 earnings of $0.24 versus estimates of $0.20.

DWCH, Initiated by Canaccord Genuity with a Buy rating and $30 price target

ZQK, Beat analyst estimates by $0.06 with Q3 EPS of $0.16

DOWNSIDE MOVERS

CEP, A complaint has been filed against Constellation Energy Partners related to CEP's acquisition of oil, natural gas and natural gas liquids assets in Texas and Louisiana from Sanchez Energy Partners I, LP in August

ACPW, Company warns that poor sales in China will likely result in earnings miss for Q3

ESC, Emeritus Senior Living cuts 2013 guidance by $0.15



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

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As of 12/19/2014, 04:15 PM


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