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7 Nov 2014
US equities decline, DJIA falls 0.34%
FXStreet (Mumbai) - US stocks are trading lower, after indices closed at all-time highs yesterday, as data showed the economy added less jobs than forecast in October.
The S&P 500 is trading 0.19% lower at 2027.30, while the DJIA is trading 0.26% lower at 17,508 levels. The Non-farm payrolls data showed job additions of 214,000 , which fell short of the market expectation of 235,000. However, the employment gains exceeded 200,000 for a ninth straight month in October, Meanwhile, the jobless rate fell to 5.8% in October.
Moreover, the DJIA is trading down from the previous session’s all time closing high of 17,554 levels. The index breadth is positive with an advance decline ratio of 11:19. Among the top gaining index stocks are Chevron, Exxon Mobil, Caterpillar and The Travelers. On the other hand, top losers include Walt Disney, UnitedHealth, Microsoft, Intel and J&J.
DJIA Technical Levels
The index has an immediate resistance at 17,554, above which the index can set new record highs. On the flip side, the prices can fall to 17,400, if the immediate support at 17,495 is breached.
The S&P 500 is trading 0.19% lower at 2027.30, while the DJIA is trading 0.26% lower at 17,508 levels. The Non-farm payrolls data showed job additions of 214,000 , which fell short of the market expectation of 235,000. However, the employment gains exceeded 200,000 for a ninth straight month in October, Meanwhile, the jobless rate fell to 5.8% in October.
Moreover, the DJIA is trading down from the previous session’s all time closing high of 17,554 levels. The index breadth is positive with an advance decline ratio of 11:19. Among the top gaining index stocks are Chevron, Exxon Mobil, Caterpillar and The Travelers. On the other hand, top losers include Walt Disney, UnitedHealth, Microsoft, Intel and J&J.
DJIA Technical Levels
The index has an immediate resistance at 17,554, above which the index can set new record highs. On the flip side, the prices can fall to 17,400, if the immediate support at 17,495 is breached.