Gold Gorged, NFP Surprise, Stocks Higher
Stocks rocketed higher on the heels of a surprisingly better than expected Non Farm Payroll report. The dollar also rallied on news of gorging gold prices. Gold experienced the sharpest drop in over a year giving back nearly 5%. The early buying was quickly sold with the market actually dropping into negative territory midday prior to climbing back above break even for the close. The DJIA added +22.75 to 10388.90, the tech heavy Nasdaq advanced +21.21 to 2194.35 and the broad based S&P 500 ended the day up +6.06 to 1105.98.
Big Lots
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BIG |
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PowerRating): Experienced the largest gain in the S&P 500 advancing 19.24% or $4.52 to $28.08/share after beating analysts estimates.
Goodyear Tire
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GT |
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PowerRating): Climbed 6.52% or 89 cents to $14.55/share on good words from Morgan Stanley.
Steris Corp
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STE |
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PowerRating): Fell 12.52% or $4.17 to $29.14/share after the FDA suggested its sterilization product should be replaced immediately due to injuries.
Take-Two Interactive
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TTWO |
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PowerRating): The game maker collapsed 29.12% or $3.18 to $7.74 upon forecasting a wider than expected loss for its fiscal first quarter.
Gold plunged $49.30 to $1169.00, oil slipped 99 cents to $75.73 and the VIX index gave back another 5.39% to 21.25.
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