Daily Wrap
DJIA -90.24 (-0.62%) to 14,421.49; S&P 500 -12.91 (-0.83%) to 1,545.80; NASDAQ -31.59 (-0.97%) to 3,222.60 Europe ruled the day and after a small initial gap lower and midday rally, the markets then lost ground the remainder of the day sending it back down near Tuesday’s lows. In economic data news we saw the U.S. jobless claims slightly rose but were less than expectations. The data wasn’t enough to really push the markets one way or another and it was back to Europe and underperforming Tech stocks. Most notable tech underperformer was Oracle (ORCL) which closed nearly 10% lower after missing EPS estimates…
Daily Wrap
DJIA +61.66 (+0.46%) to 13,390.51; S&P 500 +3.87 (+0.27%) to 1,461.02; NASDAQ +14.00 (+0.45%) to 3,105.81 The highs for today were set in very early trading and then the rest of the day was spent pulling back although never going into negative territory. I would define today as orderly and we do have Unemployment data tomorrow so I am not surprised to see a quiet day ahead. Apollo Group Inc.’s (APOL) was in the new today and in negative fashion. After the close yesterday, APOL reported Net Income that were 11% lower than the previous year but still beat on…
Week in Review
DJIA +43.85 (+0.33%) to 13,435.21; S&P 500 +7.10 (+0.49%) to 1,466.47; NASDAQ +1.09 (+0.04%) to 3,101.66 Hopefully slow and steady will win the race when it comes to the Jobs market. Adding another 155K non-farm jobs was just a tick above analysts expectations and the revised Unemployment rate for November to 7.8% held into December. The market started the morning somewhat choppy while seemingly digest the morning’s economic data and then started a near uninterrupted climb closing near highs of the day. Supervalu (SVU) gapped higher and closed up over 13.5% on a Wall Street Journal report that private equity firm Cerberus Capital is close…