Stock Market Today

Stock Market Today – United Health Care (UNH) Eli Lilly (LLY) Kroger (KR) and Gilead Sciences (GILD) Report

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(Best Syndication News) Stocks were higher Friday after the U.S. Department of Labor reported better-than-expected unemployment numbers (see the stock charts below). The DJIA has been lower seven of the last ten days.

The Labor Department said that the unemployment rate dipped to 8.3 percent in January. This was the lowest rate since February 2009. Traders had anticipated an 8.5 percent unemployment rate. Most stocks benefited from the good news.

Widely Held Stocks

Only eight of the 90 companies in our widely-held index were lower Friday (see the widely held stock index chart below). UnitedHealth Group Inc. (NYSE:UNH) declined more than any other widely-held stock, down more than two percent during the session.

Stock Market Today – Walt Disney (DIS) Pfizer (PFE) Amex (AXP) Bank of America (BAC) and Alcoa (AA) Report

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(Best Syndication News) Stock markets in Asia are mixed Friday after a positive unemployment report in the United States failed to rally investors on Wall Street (see the stock charts below).

On Thursday, nearly all world stock exchanges / indexes were higher. The Athens Greece Composite index, the Swiss SSMI, and the STI Straight Times (Singapore) were among the several decliners (see the world market chart below).

Dow Jones Industrial Average

Only 11 of the 30 Dow constituents were higher on Thursday (see the Dow component chart below). The Walt Disney Company (NYSE:DIS) was the biggest Dow loser, down more than one percent on below average volume.

Stock Market Today – Amazon (AMZN), BP (BP), McDonalds (MCD) and Newmont Mining (NEM) Report

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(Best Syndication News) Traders kicked off the new month with a rally Wednesday, after encouraging manufacturing data is released in China (see the stock market charts below). Investors were also encouraged by the new Facebook IPO filing announcement and a possible Greek debt deal in the works.

Large Cap Stocks

Only 22 stocks in our large capitalization index were lower on Wednesday (see large cap index chart below). Amazon.com, Inc. (NASDAQ:AMZN) was the big loser, as traders continued to digest the company’s earnings report and outlook. The trading volume was 7,000 percent above average.

Medivation Shares rise after Positive Results from Prostate Drug Trial

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(Best Syndication News) –Medivation, Inc. (NASDAQ: MDVN) shares increased 21.95 percent, up $12.16 to close at $67.57. The share price climbed Wednesday, after of positive results with the Phase 3 AFFIRM trial for a drug to treat prostate cancer. Medivation is working with Japan based Astellas Pharma Inc. (TYO: 4503) on the development of the MDV3100 investigational drug.

Data from the trial showed that MDV3100 provided an average 4.8 month life extension compared to the placebo group. The data will be presented at the 2012 Genitourinary Cancers Symposium in San Francisco, CA this Thursday, February 2.

Stock Market Today – Exxon (XOM) Merck (MRK) General Electric (GE) and Home Depot (HD) Report

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(Best Syndication News) Stock markets in Asia are opening mixed early Wednesday after a down day in the United States on Tuesday (see the stock charts below). Substandard economic news pushed the Dow and S&P indexes lower.

Dow Constituents

Nearly half of the Dow Jones Industrial Average (DJIA) constituents were lower Tuesday (see the Dow chart below). Exxon Mobil Corporation (NYSE:XOM) was the Dow’s biggest loser, down more than two percent during the session.

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