Jobs Data Corrals the Bulls Back to Wall Street

SPX ends losing streak as equities show resilience

by 9/27/2012 4:45:52 PM
Stocks quoted in this article:
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Oil futures turned higher today. Supply concerns amid tensions between Iran and the West, as well as encouraging jobs data, supported the commodity. By the close, crude for November delivery rose $1.87, or 2.1%, to settle at $91.85 per barrel.

After suffering a two-week low in yesterday's action, gold futures did a 180 and rocketed to their highest price since Feb. 28, as bargain-hunting speculators scooped up the commodity. Plus, gold prices in euros hit record highs while economic problems continued to cloud the euro zone. Against this backdrop, December-dated gold jumped $26.90, or 1.5%, to close at $1,780.50 an ounce.

Levels to watch in trading...

  • Dow Jones Industrial Average (DJI – 13,485.97) - support at 11,500; resistance at 14,000
  • S&P 500 Index (SPX – 1,447.15) - support at 1,100; resistance at 1,500
  • Nasdaq Composite (COMP – 3,136.60) - support at 2,400; resistance at 3,400


OUTPERFORMING AND UNDERPERFORMING SECTORS

STOCKS – MOVERS

STOCKS – EARNINGS

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

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