U.S. stocks pared early gains Friday, with the Dow
Jones Industrial Average and the S&P 500 setting fresh record highs, as investors
weighed robust U.S. nonfarm payrolls for November against a drop in oil prices.
Boosted by the better-than-expected report, the Dow
marched up to a fresh intraday record of 17,991.19 points around midday, within
striking distance of the 18,000-point mark. The S&P 500 also touched a
refresh all-time high of 2,079.47 points.
At the close, the Dow rallied 58.69 points, or 0.33
percent, to a record closing high of 17,958.79. The S&P 500 also closed at
a new record of 2,075.37 points, up 3.45 points, or 0.17 percent. The Nasdaq
Composite Index gained 11.32 points, or 0.24 percent, to 4,780.75.
Total nonfarm payroll employment added 321,000 in
November, the largest gain since January 2012, and the unemployment rate was
unchanged at 5.8 percent, the U.S. Labor Department said Friday.
The latest nonfarm payroll employment far exceeded
analysts' expectations of a 230,000 jump and an average monthly gain of 224,
000 over the past 12 months.
After hitting session highs around noon, the stock
market gave off part of early gains in the afternoon session, as some investors
locked in gains amid intensified speculations that the Federal Reserve would
raise rates next year given the strengthening of the employment market.
Falling crude prices also put a damper on the stock
market, with the energy sector the biggest laggard.
Moreover, U.S. international trade deficit in goods
and services narrowed slightly to 43.4 billion U.S. dollars in October from the
revised 43.6 billion dollars in September, said the Commerce Department.
New orders for U.S. manufactured goods in October
unexpectedly decreased 0.7 percent, the department said in a separate report
Friday.
For the week, the Dow and S&P 500 marked a
seven-week gaining streak, up 0.7 percent and 0.4 percent. However, the Nasdaq
went down 0.2 percent in the week.
The CBOE Volatility Index, often referred to as Wall
Street's fear gauge, slipped 4.52 percent to finish at 11.82 on Friday.
In other markets, the dollar rose against other
major currencies, as the optimistic nonfarm payrolls report bolstered market
speculation that the Fed may raise interest rates before mid-2015, which well
supported the dollar during the session.
In late New York trading, the euro fell to 1.2284
dollars from 1.2365 dollars in the previous session. The greenback bought 121.
45 Japanese yen, higher than 119.86 yen of the previous session.
In the last trading session, Navios Maritime Holdings Inc. (NYSE:NM) price moved -43.50% below
its 200 day moving average, changing hands as low as $4.34 per share. The stock
is currently trading -16.50% down its SMA 50. The worst hit in its 52 week
range is $4.20 per share, with $11.89 being the 52 week best price, which
compares with a latest closing price of $4.55. The Beta of this stock is 1.96.
Scorpio
Bulkers Inc (NYSE:SALT)
is trading -73.63% behind the 52 week high. The stock’s latest closing price
was -63.44% down from the average-price of 200 days while it kept its distance
from the SMA50 at -38.11% and -24.33% compared with the SMA 20. Scorpio
Bulkers Inc., along with its subsidiaries, is involved in the marine
transportation of dry bulk commodities.
For GasLog
Ltd (NYSE:GLOG), a return
on equity of 5.10 percent was realized due to the financial situation. Last
twelve months earnings per share reached a value of $0.59. Last fiscal year, $0.56
has been paid in form of dividends to investors. Earnings are projected to move
up 38.00 percent for the coming five years. The stock closed at $17.80, down -$0.69
or -3.73% from previous close and at a distance of -7.68% from 20-day simple
moving average.
Shares of DryShips
Inc. (NASDAQ:DRYS) traded down
-2.56% during last trading session, reaching $1.14. The stock has a 52 week low
of $1.16 and a 52 week high of $4.68. The company has a market cap of $780.95 million.
The P/S ratio is 0.43 and P/B ratio 0.18. The beta value is 2.52. The stock’s
RSI amounts to 29.86.
TAGs:
Navios
Maritime , NYSE:NM, Scorpio
Bulkers , NYSE:SALT, GasLog
, NYSE:GLOG, DryShips
, NASDAQ:DRYS, NM,SALT,GLOG,DRYS
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