Stocks are falling out of bed - Yahoo Finance
The January jobs report showed that nonfarm payrolls grew by 257,000 in the first month of the year, topping expectations for payroll gains of 230,000. This marked the 12th straight month of job gains over 200,000. The unemployment rate ticked up in January, rising to 5.7% from 5.6%, though this level is still at the lowest its been since July 2008. The November and December jobs reports were also revised up to what stock to buy now show larger than previously reported gains, and the last three months now mark the best three-month period for job gains in the US in 17 years. 2. One of the potential negatives from the jobs report could be the increased unemployment rate.
The big question now facing investors is whether equities will resume a historic bull run that began more than two years ago or are due for a steeper correction. Energy has come roaring back to life recently following a major selloff that began six months ago. Frackers, shale drillers, and wildcatters have led the advance, according to optionMONSTER's proprietary researchLAB market scanner. Stocks in the materials sector such as industrial metals and chemicals are trying to claw back from major declines.
Stocks add to gains after payrolls - Yahoo Finance
Google Finance Stocks are giving it up into the weekend. Near 3:00 pm ET, stocks were near session lows, with the Dow down 97 points, the S&P 500 down 8 points, and the Nasdaq down 22 points. The January jobs report was a beat. Nonfarm payrolls grew by 257,000 in the first month of 2015, while wage growth topped expectations. The unemployment rate ticked slightly higher in January, but still remains at levels not seen since July 2008. Following this report, the US dollar is on a tear. Stocks, however, which rallied earlier in the day, are starting to give up most all of their gains into the market close. The dollar, meanwhile, was adding to its gains and not stopping, rising more than 1.2% on Friday.
Stocks add to gains after payrolls - NASDAQ.com
GoPro is down 14 percent on weak guidance, and Expedia fell 8 percent after earnings missed consensus estimates. Exelis soared 35 percent after accepting a $4.75 billion takeover by Harris. Pandora Media cratered 20 percent after revenue missed and guidance disappointed. Activision Blizzard fell 8 percent on similar news. The employment news lifted the U.S.