Mid-way through trading Friday, the Dow traded up 0.16 percent
to 13,412.18 while the NASDAQ rose 0.09 percent to 3,103.24. The
S&P also rose, increasing 0.31 percent to 1,463.02.
Top Headline At the top of the headlines today, the U.S.
unemployment numbers were released, coming in at 7.8 percent,
edging slightly higher than the November report of 7.7 percent. The
report showed that the economy had added 155,000 jobs, not enough
to affect the overall number.
Equities Trading UP DryShips (NASDAQ:
) saw quite a boost Friday, rising 17.92 percent to $2.04, possibly
linked to a resolution with Longshoremen's Association.
Shares of Harvest Natural Resources (NYSE:
) were also up, gaining 13.03 percent to $10.41 after the
announcement of its gabon offshore discovery.
Krispy Kreme Doughnuts (NYSE:
) saw a boost as well, trading up 8.92 percent to $10.99 after
Longbow initiated the company with a Buy rating and a $15.00 price
Equities Trading DOWN Bill Barrett (NYSE:
) fell early in trading, leveling out by midday, trading down 5.78
percent to $18.09 after issuing some guidance this morning.
Finish Line (NASDAQ:
) was down as well, falling 6.41 percent to $17.82 after posting a
big miss on earnings Friday morning.
Shares of Coinstar (NASDAQ:
) dropped 4.98 percent to $49.46 after the company announced that
its CEO would step down in March.
Commodities In commodity news, oil traded down 0.45 percent to
$92.50, while gold traded down 1.77 percent to $1,644.90.
Silver traded down 0.94 percent Friday to $29.78.
Euro zone In the Euro zone this morning, markets were largely
down across the board as the FOMC minutes showed a possibility of
less easing in the near future.
Economics In economic news Friday, the jobs numbers for December
were released, and were fairly mixed. The Unemployment rate came in
at 7.8 percent, above the projected 7.7 percent, but equal to
Manufacturing payrolls came in at 25.0 thousand, above the
anticipated 4.0 thousand and the prior release of 5.0 thousand.
Private sector payrolls were also reported, coming in at 168
thousand, above the projected 155 thousand, but slightly below the
last report of 171 thousand.
ADP nonfarm employment was reported as well, coming in at 215
thousand, well above the projected 133 thousand and the prior
release of 148 thousand.
Closing out the jobs report was nonfarm payrolls. Coming in at
155 thousand, it beat estimates of 152 thousand, but missed
November's report of 161 thousand.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice.
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