After Market: Investors Take a Break to Wait for the Jobs Report

×

Investors hit the "hold" button on the market's upward run Thursday after Wednesday's Dow record. But that's no reason for concern: It's fairly common that trading turns cautious ahead of a monthly jobs report, and April's is due out Friday morning.

The Dow Jones industrial average (^DJI) fell 22 points, retreating from Wednesday's record high. The Standard & Poor's 500 index (^GPSC) was virtually flat, and the Nasdaq composite (^IXIC) rose 13 points.

The big tech stocks in the Dow had a rough day. IBM (IBM) fell 1½ percent, while Microsoft (MSFT) and Intel (INTC) both lost about 1 percent.

But check out some of the Internet leaders: Facebook (FB), up 2 percent; Netflix (NFLX), up 4½ percent; LinkedIn (LNKD), up 5 percent; and TripAdvisor (TRIP), up 3½ percent.

Yelp (YELP) jumped 9½ percent as its quarterly loss narrowed from a year ago and the company upped its revenue outlook.

Other winners on the earnings scorecard:
  • MasterCard (MA) gained 1 percent after beating expectations. That helped lift rival Visa (V) by nearly 2 percent.
  • Weight Watchers (WTW) added some heft to its stock, up 20 percent. Net topped expectations and the company raised its outlook for the year.
  • And Build-A-Bear Workshop (BBW) soared 21 percent. In addition to building cute stuffed animals, it also builds investor profits. The stock has soared 170 percent over the past year.

On the downside:
  • ExxonMobil (XOM) fell one percent even though net topped expectations;
  • Kellogg (K) fell 2 percent on disappointing sales;
  • Avon (AVP) dropped 10 percent;
  • And telecom equipment maker JDS Uniphase (JDSU) slid 14 percent.

Elsewhere, DirecTV (DTV) gained 4 percent on reports it may get a buyout offer from AT&T (T). Over the past year, DirecTV is up 43 percent.

Allergan (AGN) rose 1½ percent as it seeks a white knight -– possibly Johnson & Johnson (JNJ) -– to fend off a hostile bid from Valeant (VRX).

General Motors (GM) and Toyota (TM) both added more than 1 percent on strong April sales, but Ford's (F) numbers fell short, and the stock lost 1½ percent. The company also confirmed that CEO Alan Mulally will step down this summer.

Finally, Merrimack Pharmaceuticals (MACK) surged 59 percent on upbeat trial results of its treatment for pancreatic cancer.

What to Watch Friday:
  • The Labor Department reports employment data for April at 8:30 a.m. Eastern time.
  • The Commerce Department releases factory orders for March at 10 a.m.
These major companies are scheduled to release quarterly financial statements:
  • Berkshire Hathaway (BRK-A)(BRK-B)
  • Cooper Tire & Rubber (CPB)
  • Chevron (CVX)
  • CVS (CVS)
  • Estee Lauder (EL)
  • Newell Rubbermaid (NWL)
-Produced by Drew Trachtenberg.


Increase your money and finance knowledge from home

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Investing Like Warren Buffett

Learn from one of the world's best investors.

View Course »

Add a Comment

*0 / 3000 Character Maximum

20 Comments

Filter by:
irq.hide777

New jobs numbers are out. Cons, you aren't going to be happy. I know how much you dislike good news.

May 02 2014 at 8:37 AM Report abuse +1 rate up rate down Reply
redstateredneck.hillbilly

This is what Conservatives want to turn the rest of the United States into...............

http://www.youtube.com/watch?v=7PJ6IQT_OKM

May 02 2014 at 5:44 AM Report abuse -1 rate up rate down Reply
Iselin007

Remember the WPA eventually ran about 8 years. The program made it possible for people to find records and monuments of their ancestor's family who came here.

With out FDR you wouldn't even have SSI. If Hoover had his way it would of been Soyent Green in every pot. I vote as necessary an I won't vote twice for any turkey that sends our jobs away! And if your Surname isn't mentioned in Winchester Cathedral several times your tough out of luck.

May 02 2014 at 12:52 AM Report abuse rate up rate down Reply
Ron

Nobama has wrecked US!!! Take gas alone. Gas was $1.65 just before he took contol of US. I know libs will spin away from the truth so, go Google: Dec 2008, Gas Price, CNN and see for yourself that gas WAS $1.65. Further, MOST things have almost doubled due to him printing trillions of dollars! Then Beghazi, the IRS, Fast and Furious, etc, etc, etc. He is AWFUL!!!!!!!!!

May 02 2014 at 12:16 AM Report abuse -2 rate up rate down Reply
1 reply to Ron's comment
itacurubi

There was a recession when Obama took office. We lost 800,000 jobs in the month before Obama took office and 600,000 jobs the month before that; in fact, we lost hundreds of thousands of jobs in each of the 11 of the 12 months prior to his taking office. We were in an inflationary spiral. Money markets were about to "break the buck." The stoack market had lost almost 50%. Etc., etc., etc. Of course gas was cheap ... that's what happens in recessions and depressions: prices go down.

May 02 2014 at 12:37 AM Report abuse +1 rate up rate down Reply
1 reply to itacurubi's comment
Iselin007

Itacurubi,

Im' pretty sure you would remember when Allfordixie ranted about his Chinese made flags. I lost a hard drive which had his picture and family on it. I think he flipped out when he discovered how big and important my southern relatives were during the Civil War.

May 02 2014 at 1:07 AM Report abuse -1 rate up rate down
Iselin007

Saw the CBS CEO discussing the CBS out door Billboards. Imagine if CBS had advertised the CBS/ Fender Division back in the early 1980's on the Billboards it might have saved it from bankruptsy. In fact when asked the CBS TV crew knew not of the division back in the early 1980's! The CBS TV crew was in a shopping mall where I posed the question. A few years later I hear of the Bankruptsy on the radio. Nothing like keeping your employees clueless!

May 01 2014 at 10:59 PM Report abuse rate up rate down Reply
Iselin007

I was amazed that other families descended from the early settlers who knew my ancestor personally posted historical information on certain sites like Ancestor.com.

My ancestor came looking for his step uncles who owed him money from a trust fund. The step uncles had came here to the colonies in 1630's. Being under age 21 my ancestor Thomas W had to wait until he was 21 to collect what was rightfully his.

Researchers were drawn to ThomasW because of the court cases and the fact he had money.

May 01 2014 at 10:34 PM Report abuse +1 rate up rate down Reply
texastotenmom

vote~~> http://www.teaparty-platform.com/ <~~in 2014 n put a stop to obamits ~"WAR ON AMERICA"~ n his sabotaging n holding all american hostage n his record unemployment n record foreclosures> !!

May 01 2014 at 10:10 PM Report abuse +1 rate up rate down Reply
Iselin007

tim_wilson19
You never have a point


Are you that wealthy that you have to guard this board personally for fear somebody's rant will cost you billions in stock? When agents were sent by George Washington to get Parker's Robin's Island and a house built by Mr Budd ,New York had already seized them with an attainer. A decendant of Mr Landon who's ancestor was tossed in prison during the war had married a decendant of Parker W so the Parker decendant got the house back!

May 01 2014 at 10:10 PM Report abuse +1 rate up rate down Reply
Iselin007

A man wrote a book about fishing " Walton" so he is mentioned once however my surname appears in Winchester Cathedral several times.:)


During the Revolutionary War which created this nation, George Washington knew my surname very well. He disliked the half of the family that supported the British however.
You should read the History of LongIsland it might be a history lesson you might enjoy.

May 01 2014 at 9:40 PM Report abuse +1 rate up rate down Reply
Iselin007

tim_wilson19
The " upper class" ? Now that would be funny, if it wasn't so telling.
Who told you that the world " owed you a living" !?

The USA isn't the world.

May 01 2014 at 9:00 PM Report abuse +1 rate up rate down Reply