Following the market opening Friday, the Dow traded up 0.09
percent to 13,403.18 while the NASDAQ fell 0.09 percent to
3,097.24. The S&P also rose, increasing 0.20 percent to
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 AK Steel (NYSE:
) saw a 4.33 percent rally in early trading to $4.82, resuming its
multi-day rally after the fiscal cliff resolution.
Shares of Groupon (NASDAQ:
) were also up, gaining 3.16 percent to $5.28, also continuing a
multi-day, sentiment-fueled rally.
Krispy Kreme Doughnuts (NYSE:
) saw a boost as well, trading up 5.85 percent to $10.68 after
Longbow initiated the company with a Buy rating and a $15.00 price
Equities Trading DOWN SunPower (NASDAQ:
) traded down 2.76 percent to $8.82 as the company gave back some
of the massive gains it has seen the past few days.
) was also down, falling 6.15 percent to $70.47 after Credit Suisse
cut the company to Neutral from Outperform.
Shares of Coinstar (NASDAQ:
) dropped 5.38 percent to $49.25 after the company announced that
its CEO would step down in March.
Commodities In commodity news, oil traded down 0.32 percent to
$92.62, while gold traded down 1.58 percent to $1,648.90.
Silver traded down 0.97 percent Friday to $29.75.
Eurozone In the eurozone 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.
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