Stocks Regain 2013 Momentum on Bullish Trade Data, Optimism Before December Jobs Report

By
A A A

Better-than-expected trade data and strength in European stocks helped generate a triple-digit gain in the Dow Industrials today, with healthcare and energy stocks leading blue-chips higher. The rally was also fueled by expectations that Friday's employment report, as well as Q4 earnings, will underscore the improving strength of the economy. Although there was some light profit-taking this afternoon tied to hawkish comments from San Francisco Fed President John Williams, prices bounced back during the last hour of trading to return to session highs.

Some sectors were left out of today's rally. JP Morgan ( JPM ) losses weighed on financial stocks after the company agreed to pay $1.7 billion to settle claims that it facilitated Bernie Madoff's Ponzi scheme five years ago.



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

Referenced Stocks: JPM

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

73%

Most Active by Volume

36,586,989
  • $41.35 ▼ 2.29%
33,429,941
  • $42.20 ▼ 10.86%
31,913,204
  • $9.72 ▼ 8.30%
30,045,396
  • $26.49 ▼ 1.41%
29,014,873
  • $8.05 ▼ 8%
27,307,980
  • $14.66 ▼ 8.32%
23,704,236
  • $118.93 ▼ 0.06%
23,514,654
  • $17.04 ▼ 0.41%
As of 11/28/2014, 01:06 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com