| Symbol | Last | Change |
|---|---|---|
| Dow | 15,135.84 |  147.29 (0.98%) |
| Nasdaq | 3,479.38 | 35.71 (1.04%) |
| S&P 500 | 1,631.89 | 16.48 (1.02%) |
| 10-Yr Bond | 2.72% | 0.21 |
| NYSE Volume | 2,978,959,500.00 | |
| Nasdaq Volume... | 1,220,248,500.00 | |
| NYSE | NASDAQ | |
|---|---|---|
| Advances | 2,174 (53%) | 1,761 (71%) |
| Declines | 1,868 (45%) | 622 (25%) |
| Unchanged | 80 (2%) | 96 (4%) |
| Up Vol* | 1,786 (60%) | 843 (69%) |
| Down Vol* | 1,161 (39%) | 361 (30%) |
| Unch. Vol* | 32 (1%) | 16 (1%) |
| New Hi's | 263 | 319 |
| New Lo's | 208 | 25 |
Market Update |
  Set Alert
|
Weekly Recap - Week ending 05-Jul-13
Dow +147.29 at 15135.84, Nasdaq +35.71 at 3479.38, S&P +16.48 at 1631.89
The major averages entered the weekend on a positive note. The S&P 500 settled higher by 1.0% as nine of ten sectors posted gains.
Equities opened in the green after the June nonfarm payrolls report handily beat expectations (195K actual, 166K Briefing.com consensus). However, the details of the report took some shine off the headline number as individuals working part-time for economic reasons increased by 322,000, the number of discouraged workers was up by 206,000 from the year-ago period; the percentage of long-term unemployed workers (i.e. 27 weeks or longer) was still too high at 36.7%; and the U6 unemployment rate, which accounts for unemployed and underemployed workers, rose to 14.3% from 13.8%.
Notably, the better-than-expected headline number gave investors enough reason to believe the Federal Reserve may begin modifying the pace of its asset purchases sooner rather than later. To that end, Treasuries sold off aggressively and spent the remainder of the session on their lows. The benchmark 10-yr yield jumped 22 basis points to end at 2.72%, its highest level since August 2011.
Today's jobs report also gave a notable boost to the dollar, sending the Dollar Index to a three-year high amid all-around greenback strength. In turn, dollar strength pressured industrial and precious metals as copper futures tumbled 3.2% to $3.072 per pound while gold futures slumped 3.1% to $1212.50 per troy ounce.
In Play ® |
5:01PM Xenoport announces new employment inducement awards (XNPT) 5.24 +0.25 : Co reported that equity awards were made to three new employees subject to the terms and conditions of the XenoPort 2010 Inducement Award Plan. The employees were granted stock options to purchase an aggregate of 12,000 shares of XenoPort's common stock and restricted stock units representing an aggregate of 10,900 shares of XenoPort's common stock. The stock options have a per share exercise price of $4.92.
4:31PM Ritchie Bros. announces retirement of President Rob Mackay (RBA) 19.56 +0.13 : Co announced the retirement of Rob Mackay, its President, effective October 31, 2013. After 28 years of service in many different capacities, all based in the Ritchie Bros. head office in Vancouver, British Columbia, Mr. Mackay will transition from day-to-day duties and then retire as an employee on October 31, 2013.
4:19PM This week's biggest % gainers/losers (SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).
This week's top 20 % gainers
| Earnings |
|
