Week Ends Strong, Job Data Mixed, China Raises Limits
The stock trading week ended on a high note as investors shrugged off mixed job data launching a buying frenzy. The job data showed job cuts slowing but unemployment striking a quarter century high. Positive news from China that it has raised the limit foreign funds can invest in its stock market by 25% further added to the optimistic tone of the session. The DJIA advanced +96.66 to 9441.27, the Nasdaq flew higher by +35.58 to 2018.78 and the S&P 500 climbed the wall of worry +13.16 to 1016.40.
Ulta Salon
(
ULTA |
Quote |
Chart |
News |
PowerRating): Beat analysts estimates by 100% sending shares higher by 20.10% or $2.51 to $15.00.
CTC Media
(
CTCM |
Quote |
Chart |
News |
PowerRating): Russia’s fourth largest TV network was upgraded to buy at Goldman Sachs with shares climbing 9.33% or $1.26 to $14.77.
Abercrombie & Fitch
(
ANF |
Quote |
Chart |
News |
PowerRating): Citigroup cut the teen retailer to “sell†sending shares lower by 2.61% or 81 cents to $30.17.
Human Genome Sciences
(
HGSI |
Quote |
Chart |
News |
PowerRating): A medical journal reported that the firm made significant advances with a lupus drug sending shares higher by 6.33% or $1.15 to $19.31.
Oil fell 6 cents to $67.80, gold slipped $1.00 to $996.70 and the VIX fear index collapsed 6.79% to 25.26.
According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.
| Market Snapshot | |||||||||||||
|
| Economic News |
|||
|