U.S. Markets closed

Thursday Closing Bell: Markets Close Up After Jobless, GDP Data

Paul Ausick

August 29, 2013: U.S. markets opened lower Thursday morning on a better than expected report on new jobless benefits claims and a higher-than-expected second reading on second quarter GDP growth. Traders must be getting a jump on the long weekend because trading volume has been very light today. Today’s report on natural gas inventories pushed prices up about 0.7% by the end of the day.

European, Asian, and Latin American markets all closed mostly higher today.

Friday’s calendar includes a speech by St. Louis Fed President James Bullard plus the following data releases and events:

The 10 Least Respected Companies in America

  • 8:30 a.m. - Personal income and outlays
  • 9:00 a.m. - Chicago PMI
  • 9:55 a.m. - Thomson Reuters/University of Michigan consumer sentiment
  • 3:00 p.m. - Farm prices

We also posted a story on our market winners for the long Labor Day weekend.

Here are the closing bell levels for Thursday:

  • S&P500 1,638.16 (+3.20; +0.20%)
  • DJIA 14,840.87 (+16.36; +0.11%)
  • NASDAQ 3,620.30 (+26.95; +75%)
  • 10YR TNOTE 2.762% (+0.0625%)
  • Gold $1,412.90 (-5.90; -0.4%)
  • Euro/Dollar: 1.3243 (-0.0096; -0.72%)

Big earnings movers: Campbell Soup Co. (CPB) is down 3.2% at $43.30. Corinthian Colleges Inc. (COCO) is down 10.3% at $2.34. JA Solar Holdings Co. Ltd. (JASO) is down 6.9% at $7.40.

Stocks on the move: Vodafone Group PLC (VOD) is up 8.1% at $31.80 on reports of discussions with Verizon Communications Inc. (VZ) that would result in the sale of Vodafone’s 45% stake in Verizon Wireless to the controlling shareholder. Dover Downs Gaming & Entertainment Inc. (DDE) is up 10.8% at $1.54 after Wednesday’s launch of its online casino games that will soon be available to state residents to play for real money.

The 10 Largest Employers in America

In all, 26 stocks put up new 52-week highs today, while 30 stocks posted new lows.

Related Articles