US close: Stocks make decent gains

RELATED QUOTES

SymbolPriceChange
NBXB.DE0.00
GRMN56.12-0.09
FOSL108.34-1.00
GNW17.34-0.35

LONDON (ShareCast) - US stocks closed higher on Thursday as investors attempt to withstand the threat of the looming so-called 'fiscal cliff' following upbeat remarks overnight from President Obama.

Attentions will now turn to Friday's jobs report, which is expected to show a 90,000 gain in non-farm payrolls in November (Xetra: A0Z24E - news) , significantly lower than the 171,000 seen the previous month. Meanwhile, the unemployment rate is forecast to remain at 7.9%, according to the consensus.

However, Barclays Research specifically gave its prediction as follows: "For [Friday's] November employment report, we look for a 50k increase in headline payrolls, a 55k increase in private payrolls, and a one-tenth rise in the unemployment rate to 8.0%.

Company News

Apple (NasdaqGS: AAPL - news) was a strong riser on Thursday, rebounding after a poor performance earlier in the week after the technology company's Chief Executive, Tim Cook, said Apple will begin to $100m invest in US manufacturing of Macs next year.

Other tech stocks followed Apple's lead (although shares lost their strenth towards to the close), resulting in a strong performance from the sector as a whole.

Shares in Yelp dropped on the back of reports which claimed a judge has ordered one of the site's reviewers to remove some of her content.

Putting in a welcome strong performance was Netflix (NasdaqGS: NFLX - news) , which streams movies and TV programmes, after coming to an exclusive agreement with Walk Disney to deliver features films from the fairytale company.

Coffee chain Starbucks (NasdaqGS: SBUX - news) was also making gains, boosted by the news it is to open another 1,500 stores across America and revealed that turnover at its Channel Development business is set to reach $1.3bn in the 2012 financial year.

Lockheed Martin (Dusseldorf: 351011.DU - news) is reportedly close to winning Pentagon backing to build all 29 F-35 fighters planned for the coming fiscal year after three years of cutbacks in orders for the nation's costliest weapon, US officials told Bloomberg. The US Defence Department is apparently interested in providing some stability to the companies charged with building it.

Sirius XM announced a two billion share repurchase programme.

Other Markets

The ICE dollar index, which measures the greenback against a basket of six other major currencies, climbed from 79.774 to 80.250 over the 24-hour period.

The euro declined to $1.2968 on Thursday evening, compared to $1.3078 the previous evening, when it reached levels close to those seen in October.

Crude futures dropped 1.84% to $86.26 per barrel on the NYMEX.



S&P 500 (SNP: ^GSPC - news) - Risers
Akamai Technologies Inc. (AKAM) $39.06 +10.03%
Starbucks Corp. (SBUX) $53.70 +5.73%
Genworth Financial Inc (NYSE: GNW - news) . (GNW) $6.41 +5.43%
Juniper Networks Inc. (JNPR) $19.10 +3.97%
H&R Block Inc. (HRB) $18.26 +3.93%
Sandisk Corp (NasdaqGS: SNDK - news) . (SNDK) $41.32 +3.82%
Micron Technology Inc (Dusseldorf: 951691.DU - news) . (MU) $6.41 +3.72%
J.C. Penney Co. Inc. (JCP (Taiwan OTC: 4747.TWO - news) ) $18.14 +3.48%
Noble Energy Inc (NYSE: NBL - news) . (NBL) $99.33 +3.43%
Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $28.53 +3.37%

S&P 500 - Fallers
Costco Wholesale Corp. (COST) $98.47 -7.06%
Freeport-McMoRan Copper & Gold Inc. (FCX) $30.81 -4.20%
SAIC Inc. (SAI (SNP: ^SAIY - news) ) $11.26 -3.51%
Masco Corp (Dusseldorf: 950004.DU - news) . (MAS) $15.78 -2.65%
Sears Holdings Corp (NasdaqGS: SHLD - news) . (SHLD) $40.25 -2.34%
Williams Companies Inc. (WMB) $31.56 -2.23%
Scripps Network Interactive Inc. (SNI) $56.50 -2.08%
CH Robinson Worldwide Inc (NasdaqGS: CHRW - news) (CHRW) $60.64 -2.05%
Perrigo Company (PRGO) $102.71 -2.00%
E*TRADE Financial Corp. (ETFC) $8.37 -1.99%

Dow Jones I.A - Risers
Intel Corp (NasdaqGS: INTC - news) . (INTC) $20.16 +1.56%
Cisco Systems Inc (Hanover: 918546.HA - news) . (CSCO) $19.48 +1.41%
McDonald's Corp. (MCD) $88.09 +1.29%
Chevron Corp (NYSE: CVX - news) . (CVX) $106.45 +1.22%
United Technologies Corp. (UTX) $80.87 +0.80%
Verizon Communications Inc. (VZ) $44.45 +0.79%
Procter & Gamble Co. (PG) $69.95 +0.78%
General Electric Co. (GE) $21.37 +0.66%
JP Morgan Chase & Co. (JPM) $41.47 +0.66%
E.I. du Pont de Nemours and Co. (DD) $42.87 +0.59%

Dow Jones I.A - Fallers
Travelers Company Inc. (TRV) $73.15 -1.15%
Walt Disney Co. (DIS (SNP: ^DISY - news) ) $49.06 -1.07%
AT&T Inc. (T) $33.65 -0.77%
American Express Co. (AXP) $56.12 -0.50%
Pfizer Inc. (PFE) $25.61 -0.12%
Caterpillar Inc (NYSE: CAT - news) . (CAT) $85.95 -0.12%
Wal-Mart Stores Inc. (WMT) $71.59 -0.08%
Bank of America Corp (NYSE: IKJ - news) . (BAC) $10.45 -0.05%

Nasdaq 100 (Nasdaq: ^NDX - news) - Risers
Akamai Technologies Inc. (AKAM) $39.06 +10.03%
Garmin Ltd (NasdaqGS: GRMN - news) . (GRMN) $41.99 +5.74%
Starbucks Corp. (SBUX) $53.70 +5.73%
Sandisk Corp. (SNDK) $41.32 +3.82%
Micron Technology Inc. (MU) $6.41 +3.72%
Seagate Technology Plc (STX) $28.53 +3.37%
Netflix Inc. (NFLX) $86.17 +3.36%
Broadcom Corp. (BRCM) $33.36 +3.15%
VeriSign Inc. (VRSN) $36.56 +3.07%
Fossil Inc (NasdaqGS: FOSL - news) . (FOSL) $89.31 +2.99%

Nasdaq 100 - Fallers
Green Mountain Coffee Roasters Inc. (GMCR) $37.78 -8.23%
Costco Wholesale Corp. (COST) $98.47 -7.06%
Sears Holdings Corp. (SHLD) $40.25 -2.34%
CH Robinson Worldwide Inc (CHRW) $60.64 -2.05%
Perrigo Company (PRGO) $102.71 -2.00%
Whole Foods Market Inc. (WFM) $91.17 -1.82%
Expeditors International Of Washington Inc. (EXPD) $36.99 -1.73%
PACCAR Inc (NasdaqGS: PCAR - news) . (PCAR) $43.29 -1.70%
Infosys Technologies Ltd. (INFY) $42.98 -1.17%
Warner Chilcott Plc (WCRX) $11.24 -1.06%