After a brutal start to the session, shares fought back closing higher on the day. Mixed and uncertain data from the job front led the early decline as the DJIA dipped sharply below the technically critical 10,000 level. Bullish news soon entered the fray with the consumer credit figure falling less than forecast. An unexpected increase in manufacturing payroll number spurred the bulls higher. In addition, optimistic international word from Greece helped the late day rally. The DJIA advanced +10.05 to 10012.23, the Nasdaq fought higher by +15.69 to 2141.12 and the S&P 500 climbed +3.08 to 1066.19.
Nordstrom Inc
Nordstrom Inc
(JWN): Dropped 3.33% or $1.17 to $33.94/share after being cut to "neutral" at Goldman Sachs.
Tyson Foods
Tyson Foods Inc
(TSN): Beat analysts estimates sending shares higher by 4.72% or 66 cents to $14.65.
Corning
Corning Inc
(GLW): Dropped 1.10% or 20 cents to $18.05/share despite reassuring investors it expects an over 20% increase in its glass business due to consumers buying more flat-screen televisions and computers.
Airgas
Airgas Inc
(ARG): Surged 40.04% or $17.43 to $60.96/share after another firm said it was ready to take its bid directly to the shareholders.
Oil gave back another $1.27 to $71.87, gold decreased $9.50 to $1054.00, and the VIX added 0.12% to 26.11.
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Personal Income (Dec): Consensus: 0.3%, Prior: 0.5%, Revise From: 0.4%
Personal Spending (Dec): Consensus: 0.3%, Prior: 0.7%, Revise From: 0.5%
Construction Spending (Dec): Consensus: -0.5%, Prior: -1.2%, Revise From: -0.6%
ISM Index (Jan): Consensus: 55.5, Prior: 54.9
Pending Home Sales (Dec): Consensus: 1.1%, Prior: -16.0%
Auto Sales (Jan): Consensus: NA, Prior: 4.14M
Truck Sales (Jan): Consensus: NA, Prior: 4.49M
Challenger Job Cuts (Jan): Consensus: NA, Prior: -72.9%
ADP Employment Change (Jan): Consensus: -40K, Prior: -84K
ISM Services (Jan): Consensus: 50.9, Prior: 50.1
Crude Inventories (01/29): Consensus: NA, Prior: -3.89M
Initial Claims (01/30): Consensus: 454K, Prior: 470K
Continuing Claims (01/30): Consensus: 4600K, Prior: 4602K
Productivity-Prel (Q4): Consensus: 6.0%, Prior: 8.1%
Unit Labor Costs - Preliminary (Q4): Consensus: -2.5%, Prior: -2.5%
Factory Orders (Dec): Consensus: 0.6%, Prior: 1.1%
Nonfarm Payrolls (Jan): Consensus: 13K, Prior: -85K
Unemployment Rate (Jan): Consensus: 10.0%, Prior: 10.0%
Average Workweek (Jan): Consensus: 33.2, Prior: 33.2
Hourly Earnings (Jan): Consensus: 0.2%, Prior: 0.2%
Consumer Credit (Dec): Consensus: -$9.5B, Prior: -$17.5B |
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