US close: Dow caps 14,000 mark for first time in five years

RELATED QUOTES

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NOV82.93+0.7000
ROST68.49-0.58
6MK.DE41.80+0.15
MCHP48.05+0.15
FB61.52-1.51

LONDON (ShareCast) - - Dow Jones Industrial closes above 14,000 point mark

Dow Jones Industrials: 1.08%
Nasdaq Comp.: 1.17%
S&P 500: 1,513 0.99%

US stocks rallied on Friday lifting the Dow Jones Industrial Average above the 14,000 mark, representing the highest level achieved since 2007. The fifth straight week of gains in the core US index was underpinned by the publication of strong jobs and manufacturing data.

Newly released data from the US Labor Department gave cause for celebration, with figures revealing that payrolls rose by 157,000 in January. This followed a revised gain of 196,000 in December and 247,000 in November (Xetra: A0Z24E - news) .

Meanwhile, the rate of unemployment across the country contracted by 0.1 percentage points to 7.8% month-on-month while the average hourly earnings of all employees rose 0.2%, twice the predicted 0.1%.

The Nasdaq Composite added 36.97 points and the S&P 500 rose by 0.99%.

Market murmers

Earnings and company announcements from a number of major US-listed equities drove market movements throughout the day.

All eyes were glued to Sony Corp following the company's announcement that it would host its first major Playstation meeting in two years, fuelling speculation that the consumer electronics giant might be gearing up to reveal the successor to its PS3 games console. According to news agencies, Sony (Xetra: 853687 - news) declined to say whether it would release a new product.

A consortium of Michael Dell, Silver Lake and Microsoft (NasdaqGS: MSFT - news) were reportedly negotiating taking Dell (NasdaqGS: DELL - news) private at $13-$14 per share, a report on Reuters citing unnamed sources alleged.

Meanwhile, Microsoft Corp's shares were up 1.67% to $27.93 and Cisco Systems Inc (NasdaqGS: CSCO - news) 's shares were up 1.31% to $2.84

Less lucky on the markets today were computer maker Hewlett-Packard Co, whose shares fell 0.30% to $16.46 and healthcare company Merck & Co Inc, whose shares fell 3.28% to $41.83.

Crude futures

Front month West Texas crude futures rose 0.358 to the $97.84 per barrel level in NYMEX trading.

10-year US Treasury yields were down by two basis points to 1.99%.

S&P 500 - Risers
GameStop Corp (NYSE: GME - news) . (GME) $24.69 +6.42%
Perrigo Company (NasdaqGS: PRGO - news) (PRGO) $105.28 +4.75%
Allegheny Technologies Inc (NYSE: ATI - news) . (ATI) $33.11 +4.61%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $97.87 +4.13%
Edwards Lifesciences Corp (NYSE: EW - news) . (EW) $93.41 +3.87%
Thermo Fisher Scientific Inc (NYSE: TMO - news) . (TMO) $74.78 +3.66%
Phillips 66 Common Stock (PSX) $62.75 +3.60%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $7.83 +3.57%
Bank of America Corp. (BAC) $11.71 +3.45%
Cameron International Corp. (CAM) $65.46 +3.40%

S&P 500 - Fallers
PerkinElmer Inc (NYSE: PKI - news) . (PKI) $33.74 -4.26%
Pitney Bowes Inc (NYSE: PBI - news) . (PBI) $13.82 -4.09%
National Oilwell Varco Inc (NYSE: NOV - news) . (NOV) $71.26 -3.88%
Frontier Communications Co. (FTR) $4.39 -3.83%
Merck & Co. Inc (Xetra: A0YD8Q - news) . (MRK) $41.83 -3.28%
LyondellBasell Industries (NYSE: LYB - news) (LYB) $61.37 -3.23%
Legg Mason Inc (NYSE: LM - news) . (LM) $26.79 -3.11%
Ralph Lauren Corp (RL) $161.54 -2.97%
AvalonBay Communities Inc (NYSE: AVB - news) . (AVB) $126.11 -2.84%
Aon plc (NYSE: AON - news) (AON) $56.13 -2.79%

Dow Jones I.A - Risers
Bank of America Corp. (BAC) $11.71 +3.45%
United Technologies Corp (NYSE: UTX - news) . (UTX) $89.84 +2.59%
Verizon Communications Inc. (VZ) $44.56 +2.18%
AT&T Inc. (T) $35.51 +2.07%
American Express Co. (AXP) $59.91 +1.87%
Travelers Company Inc. (TRV) $79.89 +1.82%
Alcoa Inc (NYSE: AA - news) . (AA) $9.00 +1.81%
Microsoft Corp. (MSFT) $27.93 +1.75%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $47.85 +1.70%
General Electric Co. (GE) $22.62 +1.53%

Dow Jones I.A - Fallers
Merck & Co. Inc. (MRK) $41.83 -3.28%
Hewlett-Packard Co. (HPQ) $16.46 -0.30%

Nasdaq 100 - Risers
Perrigo Company (PRGO) $105.28 +4.75%
Alexion Pharmaceuticals Inc. (ALXN) $97.87 +4.13%
Micron Technology Inc. (MU) $7.83 +3.57%
Liberty Global Inc (NasdaqGS: LBTYA - news) . Series A (LBTYA) $70.48 +3.21%
Altera Corp (NasdaqGS: ALTR - news) . (ALTR) $34.49 +3.20%
Microchip Technology Inc (NasdaqGS: MCHP - news) . (MCHP) $34.52 +3.20%
Catamaran Corp (CTRX) $53.50 +3.10%
Expedia Inc (NasdaqGS: EXPE - news) . (EXPE) $67.27 +3.10%
Dell Inc. (DELL) $13.63 +2.95%
Sirius XM Radio Inc (NasdaqGS: SIRI - news) (SIRI) $3.23 +2.87%

Nasdaq 100 - Fallers
Facebook Inc (NasdaqGS: FB - news) . (FB) $29.73 -4.04%
Fossil Inc (NasdaqGS: FOSL - news) . (FOSL) $103.98 -1.52%
Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $33.67 -0.91%
Regeneron Pharmaceuticals Inc (NasdaqGS: REGN - news) . (REGN) $172.88 -0.61%
Monster Beverage Corp (MNST) $47.65 -0.52%
Western Digital Corp. (WDC) $46.77 -0.49%
Ross Stores Inc (NasdaqGS: ROST - news) . (ROST) $59.43 -0.45%
Apple Inc (NasdaqGS: AAPL - news) . (AAPL) $453.62 -0.41%
Amazon.Com Inc. (AMZN) $265.00 -0.19%
Vodafone Group Plc ADS (VOD) $27.30 -0.07%

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