EmailStock Market Update
Market Snapshot
| Dow | 13101.68 | +27.64 | (0.21%) |
| Nasdaq | 2970.41 | -18.86 | (-0.63%) |
| SP 500 | 1412.66 | -1.28 | (-0.09%) |
| 10-yr Note | -12/32 | 1.631 | |
| NYSE | Adv 1300 | Dec 1575 | Vol 230.2 mln |
| Nasdaq | Adv 945 | Dec 1397 | Vol 676.7 mln |
Industry Watch
| Strong: Materials, Consumer Staples |
| Weak: Technology, Health Care, Telecoms |
Moving the Market
 |
November nonfarm payrolls: 146K actual, 90K Briefing.com consensus, prior revised down to 138K from 171K Nonfarm private payrolls: 147K actual, 120K Briefing.com consensus Unemployment rate: 7.7% actual, 8.0% Briefing.com consensus, 7.9% prior Hourly earnings: +0.2% actual, +0.1% Briefing.com consensus Average workweek: 34.4 actual, in-line with Briefing.com consensus Preliminary December Michigan Sentiment: 74.5 actual, 82.4 Briefing.com consensus, 82.7 prior |
Technology Underperforming on Apple Weakness
07-Dec-12 12:00 ET
Dow +27.64
at 13101.68,
Nasdaq -18.86
at 2970.41,
S&P -1.28
at 1412.66
[BRIEFING.COM] The major averages are holding their recent levels and the Nasdaq is the weakest index, down 0.6%.
The tech sector is the biggest laggard as Apple (AAPL 534.16, -13.07) trades lower by 2.4% and weighs on the space.
Meanwhile, networking stocks are generally lower. Cisco Systems (CSCO 19.20, -0.27) and F5 Networks (FFIV 91.22, -1.29) are both down near 1.4%. Cisco is currently holding its Analyst Day where Chief Executive Officer said the company has "gone too long" without making an acquisition.
Major hard drive manufacturers have enjoyed a strong week. Since Monday, Seagate (STX 28.49, -0.04) has added 12.3% while Western Digital (WDC 37.15, +0.05) has rallied 10.6%. Today, the two stocks are showing little change. STX is off by 0.2%, while WDC is adding 0.1%.
In notable analyst action, 3D Systems (DDD 45.40, +0.86) is higher by 1.9% after BB&T Capital Markets initiated coverage with a ‘Buy' rating and a $60 price target.
The tech sector is the biggest laggard as Apple (AAPL 534.16, -13.07) trades lower by 2.4% and weighs on the space.
Meanwhile, networking stocks are generally lower. Cisco Systems (CSCO 19.20, -0.27) and F5 Networks (FFIV 91.22, -1.29) are both down near 1.4%. Cisco is currently holding its Analyst Day where Chief Executive Officer said the company has "gone too long" without making an acquisition.
Major hard drive manufacturers have enjoyed a strong week. Since Monday, Seagate (STX 28.49, -0.04) has added 12.3% while Western Digital (WDC 37.15, +0.05) has rallied 10.6%. Today, the two stocks are showing little change. STX is off by 0.2%, while WDC is adding 0.1%.
In notable analyst action, 3D Systems (DDD 45.40, +0.86) is higher by 1.9% after BB&T Capital Markets initiated coverage with a ‘Buy' rating and a $60 price target.
