Arab Today, arab today us stocks mostly higher helped by jobs data
Last Updated : GMT 07:01:29
Arab Today, arab today
Arab Today, arab today

US stocks mostly higher helped by jobs data

Arab Today, arab today

Arab Today, arab today US stocks mostly higher helped by jobs data

Washington - AFP

US stocks reversed early losses and mostly ended in the black Thursday helped by data showing solid improvement in the US jobs market in December. The broad-based S&P 500 closed up 3.76 points (0.29 percent) to 1,281.06, while the tech-dominated Nasdaq Composite added 21.50 (0.81 percent) to 2,669.86. The Dow Jones Industrial Average of 30 blue chips slipped again in late trade to end barely in the red, down 2.72 points (0.02 percent) at 12,415.70. Encouraging the bulls were separate data releases showing the job market continued to improve in December. Payrolls firm ADP reported a huge surge in private-sector hiring, at a net 325,000 jobs, much higher than forecasts. The government's weekly report on new claims for unemployment compensation -- an indicator of the pace of layoffs -- fell slightly, confirming the steady downtrend of the past two months. But eurozone worries continued to hold the markets back, with the euro falling on heightened worries about Spain's banks and a rise in French debt yields. "Against this wishy-washy backdrop, the S&P 500 Index and Nasdaq Composite clawed their way into the black," said Andrea Kramer of Schaeffer's Investment Research. Bank of America shares jumped 8.6 percent, helped by unproven speculation that the government was preparing measures to help the housing market -- which would benefit its dead-weight portfolio of bad mortgages. Retailer Target sank 3.0 percent after it cut its fourth-quarter earnings outlook, citing disappointing sales during the November-December holiday season. Monsanto, the farm seeds giant, surged 5.5 percent after its fiscal first-quarter earnings beat market estimates. On the Nasdaq, shares of disk drive maker Seagate pushed up 6.4 percent after it reported revenues for its second quarter that beat analyst forecasts. The company was less affected than its competitors by the flooding in Thailand, the global disk-drive hub. Shares of Eastman Kodak lost another 10.6 percent after Wednesday's 18 percent drop, as Moody's downgraded its credit rating deep into "junk" territory citing the high chance of an imminent bankruptcy filing. Bond prices were mixed. The yield on the 10-year Treasury fell to 1.99 percent from 2.0 percent on Wednesday, while the 30-year rose to 3.06 percent from 3.04 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks mostly higher helped by jobs data Arab Today, arab today us stocks mostly higher helped by jobs data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks mostly higher helped by jobs data Arab Today, arab today us stocks mostly higher helped by jobs data

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday