Stock market today, Feb. 7: Today (Friday), U.S. stocks closed in positive territory for a second consecutive session after the January jobs report revealed a declining unemployment rate.
The Dow Jones Industrial Average closed up 1.06%, or 165.55 points at 15,794.08 points; the S&P 500 closed up 1.33%%, or 23.6 points at 1,797.02, and the Nasdaq Composite Index closed up 1.68%, or 68.7 points at 4,125.86.
Crude oil futures and heating oil futures enjoyed a strong rally - crude oil for March delivery closed up 2.09% at $99.88 per barrel, and heating oil futures for March delivery closed up 1.50% at $3.04 per gallon. Meanwhile, natural gas prices plummeted, closing down 2.05% at $4.83 per million BUTs.
Metals rose across the board. Gold for April delivery closed up 0.45% at $1,262.90 per ounce, silver closed up 0.04% at $19.94 per ounce, and platinum closed up 0.31% at $1,379.20 per ounce.
Stock Market Today: Expedia, Apple Boost Technology SectorThe Nasdaq's technology sector is markedly higher after Apple (Nasdaq: APPL) reported a $14 billion repurchase program. AAPL stock traded up about 2% for much of Friday's session.
Expedia (Nasdaq: EXPE) reported positive fourth-quarter results, also contributing to today's Nasdaq climb.
Expedia's Q4 earnings came in at $0.92 per share, up from $0.63 per share a year prior and topping the Street's expectations of $0.86 per share. It reported revenue of $1.15 billion, up from $974.9 million a year ago and also topping expectations of $1.13 billion.EXPE shares traded up a solid 15% for most of Friday's session, marking an all-time high of $75.45.
Finally, Activision Blizzard (Nasdaq: ATVI) stock was up more than 14% today, hitting a 52-week high of $19.95, after reporting fourth-quarter earnings after market close on Thursday.
Activision's Q4 saw earnings of $0.79 per share, up from $0.78 per share a year prior and beating analysts' consensus for $0.73 per share. Revenues were $2.27 billion, slightly higher than analysts' prediction of $2.2 billion.
Note:The Fed's 2014 taper means volatility lies ahead. But there's still a way to find profits in a volatile market - like triple-digit gains in just days - if you start with this strategy...Stock Market Today: athenahealth Boosts Healthcare Sector athenahealth (Nasdaq: ATHN) traded up about 26% this session, marking a record high at $177.79. The company reported fourth-quarter earnings of $0.57 per share, up from $0.29 a year prior, and above the Street's view of $0.44 per share. It reported revenue of $171.6 million, up 48% from $116.3 million a year prior and above analysts' expectations of $168.62 million. Stock Market Today: Bebe, Green Mountain Coffee Roasters Boost Consumer Sector Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) shares were up about 6% this session, giving the stock a roughly 37% gain on the week after its deal with The Coca-Cola Company (NYSE: KO) and impressive first-quarter results. Green Mountain said it will dispense Coca-Cola products through its upcoming cold beverage dispenser.And Bebe (Nasdaq: BEBE) shares were up about 15% after it reported a smaller second-quarter loss than analysts expected - a $0.07 per share loss versus a projected $0.14 per share loss.
These are some staggering numbers "Big Banks" don't want you to see...Tags: stock market 2014, stock market graph today, stock market live, stock market news, stock market open today, stock market ticker today, Stock Market TodayThe post U.S. Stock Market Today Nails In Another Rally appeared first on Money Morning - Only the News You Can Profit From.
