Mixed Jobs Data Sparks Volatile Trading Day

February 5, 2010 1:32 PM |
Mixed jobs data sparked a volatile day of trading sending the Dow tumbling below the 10,000 mark before recovering in the late afternoon to close with the blue chip index gaining 10 points to 10,012. Nasdaq climbed 15 points to 2141.

 

On the upside

Hawaiian Airlines (Nasdaq: HA) reported higher traffic, occupancy and miles flown in January.

Goldcorp (NYSE: GG) completed its acquisition of Canplats Resources, which includes the significant gold and silver resources of the Camino Rojo project.

Although fourth quarter earnings tumbled for Baldor Electric (NYSE: BEZ), the electrical equipment maker forecast first quarter sales above estimates.

On the downside

NetSuite (NYSE: N) widened fourth quarter losses.

The McClatchy Company (NYSE: MNI) priced its $875 million bond offering at very high interest rates.

Although TTM Technologies (Nasdaq: TTMI) reversed year ago losses, the results fell short of expectations and the company forecast disappointing first quarter results.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 592.

Tags:

Search


About this Entry

This page contains a single entry by published on February 5, 2010 1:32 PM.

Greater Than Expected Job Losses Weigh Down Markets was the previous entry in this blog.

European Debt Concerns Weigh Down Markets is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12