- Dow -14.00 at 12027.97, Nasdaq -0.68 at 2748.88, S&P -1.48 at 1302.55
Market news
3 February 2011
Dow -14.00 at 12027.97, Nasdaq -0.68 at 2748.88, S&P -1.48 at 1302.55
Stocks continue to chop along in negative territory, despite a dose of upbeat data. Meanwhile, the dollar has pushed to a 0.8% gain, which makes for a session high against a basket of major foreign currencies.
The ISM nonmanufacturing Composite for January came in at a five-year high of 59.4, which is better than the 57.0 that had been expected, on average, by economists polled by Briefing.com.
Factory orders for December were also just posted. They increased 0.2% after a 1.3% increase in the prior month. The Briefing.com consensus called for a 0.6% decline.
Advancing Sectors: Consumer Discretionary (+0.7%), Telecom (+0.2%), Consumer Staples (+0.1%)
Declining Sectors: Energy (-0.7%), Health Care (-0.6%), Materials (-0.5%), Financials (-0.4%), Tech (-0.4%), Utilities (-0.3%), Industrials (-0.3%)
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