SPX 1,400 Stays Put; Investor Sentiment on the Rise

The market pared early losses stemming from weak private-sector jobs data

by 5/2/2012 4:35:33 PM
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Oil futures tumbled lower today, as the commodity took a hit on data showing that private-sector jobs grew at their slowest pace in seven months. A larger-than-expected increase in domestic crude inventories -- which hit their highest level since September 1990 -- also weighed on black gold. By the close, June-dated crude lopped off 94 cents, or 0.9%, to land at $105.22 a barrel.

Similarly, gold futures tallied their third straight loss, as a stronger dollar held the precious metal in negative territory all day. Gold for June delivery dropped $8.40, or 0.5%, to settle at $1,654 an ounce.

Levels to Watch in Trading:

  • Dow Jones Industrial Average (DJI – 13,268.73) - support at 11,500; resistance at 14,000
  • S&P 500 Index (SPX – 1,402.31) - support at 1,100; resistance at 1,500
  • Nasdaq Composite (COMP – 3,059.85) - support at 2,400; resistance at 3,400



OUTPERFORMING AND UNDERPERFORMING SECTORS

STOCKS – MOVERS

STOCKS – EARNINGS

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

For today's notable annual highs and lows, click here.

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