American swung a lot along the way, but ended little changed Thursday.
Dow Jones fell marginal 0.02 percent to 16,801.05, but was during the day down 130 points and up as much as 52 points .
Nasdaq rose 0.18 percent to 4,430.19, while the broader S & amp; P 500 index was unchanged at 1,946.17.
“Fear index” VIX (CBOE) fell 2.9 percent to 16.22.
Eight stocks rose for every seven shares fell on the NYSE, where 799,000,000 shares were traded over 4.0 billion dollars.
The dollar strengthened slightly against major trading partners’ currencies, while the dollar quoted commodities were mixed.
Oil prices were at times sharply Thursday, but WTI oil ended up 28 cents to $ 91.01 a barrel on the commodity exchange in New York. Gold prices fell 40 cents to 1215.10 per ounce.
Jobs Numbers bode well
Investors could rejoice at the number of first time applicants for unemployment insurance (jobless claims) fell more than expected last week.
It was worse that industrial orders fell 10.1 percent from July to August, compared to the expected 9.5 percent decline.
Jobless claims figures came the day before the fight key labor market report (non-farm payrolls) all eagerly await.
Tuesday’s ADP report, which is an important indicator of tomorrow’s report showed a stronger private employment than expected in September.
According to our macro calendar expected 215,000 jobs have been created outside the agricultural sector in September.
– The market will try to keep my head above water before the job report tomorrow, says market economist Peter Cardillo at Rockwell Global Capital to CNBC.
Even worse eurozone
Otherwise, the focus was directed at the European Central Bank chief Mario Draghi and the ECB’s monetary policy meeting.
ECB held that the expected key rates unchanged and did not come with the new monetary policy measures beyond those which have been released previously. Draghi confirmed that the acquisition of bonds (covered bonds) will now start in mid-October.
Also read: This Draghi said
ABS purchases will start in the 4th quarter. ABSs are securities issued by banks with security in their lending to the private sector. The purchases will occur in countries that have a credit rating lower than BBB -.
The programs will last for two years.
For more on what a credit rating tells us, read here.
Draghi admits that momentum in the eurozone economy has weakened, weighed down primarily by the continued high unemployment. The prospect of higher inflation is subdued.
– Draghi sounded pretty pessimistic, says Cardillo.
IMF chief Christine Lagarde has also stated that the IMF will cut its growth estimates for the global economy, with only a moderate upswing expected in 2015.
Tesla rally Buffett bull on car
Investor legend Warren Buffett was the guest of CNBC Thursday and could tell where he is bull on air, rail and especially auto stocks. Super investor obviously has faith in a higher selling cars in the United States in the future.
In that context, he could tell about the fresh purchase of the Van Tuyl Group, the largest privately owned car dealer with 100 branches spread over 10 states, and annual sales of around $ 9 billion.
– I’m going to buy more car dealers ahead, said Buffett.
General Motors and Ford put both the sales figures for September yesterday. The former rose 2.1 percent to $ 33.18, while the latter fell 0.2 percent to $ 14.56.
Another auto stocks in the shot was Tesla. The increase was 4.7 percent to 251.42 after founder and CEO Elon Musk earlier today tweeted about a new launch on October 9, ie Thursday next week.
MarketWatch mean tweet reminiscent of a Bruce Wayne ironing machine is about to break out of his Batcave. Perhaps the Model D
Twitter rally on upgrading
Income Independent consumer was the best of the 10 main sectors in the S & amp; P 500, while energy weighed the most.
We are also the supplier of Ebola treatment, Tekmira Pharmaceuticals, pulled down 1.9 percent to $ 25.47 etteger sharp rise yesterday.
Twitter rose 3.6 percent to $ 51.85 for an upgrade from JP Morgan.
DirecTV climbed 0.9 percent to $ 87.34 after having agreed to continue sending NFL games on Sundays.
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