U.S. stocks mixed despite strong NFP report; DOW down 0.18%
Published Jan 06, 2012 10:06AM ET
At the open of U.S. trade, the Dow Jones Industrial Average eased lower by 0.18%, the S&P 500 climbed by 0.29% and the Nasdaq Composite gave back 0.14%.
Stock bullish news from the U.S. included a very positive NFP report indicating 200,000 new jobs created and a falling unemployment rate to 8.5% failed to ignite an early rally in equities.
Jazz Pharmaceuticals advanced 4.7% after announcing it expects 2012 earnings to beat analyst's estimates.
Dow kingpin and aluminum maker Alcoa slid 2.7% in early trade after stating it plans on closing 12% of its global smelting capacity on dropping aluminum prices.
Bank of America dipped 0.5% after an Obama official denied rumors of a USD trillion home refinancing plan
On a bearish note, RF Micro Devices plunged 20% upon cutting its forecast for its third quarter and being slashed to "market perform" from "outperform" at Oppenheimer.
Across the Atlantic, European stock markets traded mostly higher in late trade with the EURO STOXX 50 up 0.27%, France's CAC 40 gained 0.47%, while Germany's DAX 30 eased lower 0.37 %. Meanwhile, in the U.K. the FTSE 100 advanced 0.68.
Investors are awaiting the German Chancellor and French President's meeting to start on Monday.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.