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At Mid Day, Markets Await Jobs Data, GDP Confirmation

By  |  Stock Markets  |  Jan 31, 2013 07:42PM GMT  |   Add a Comment
At Mid Day, Markets Await Jobs Data, GDP Confirmation
By   |  Jan 31, 2013 07:42PM GMT

Stocks are trading flat to slightly lower on extremely light volume today. The SPDR S&P 500 ETF Trust (SPY) is trading at $149.92, -0.16 (-0.11%). At this stage of the day, markets are in a floating pattern until tomorrow when the Nonfarm payrolls and Unemployment Report will be released. This will happen at 8:30AM ET. The markets are looking for further guidance after yesterday's GDP Report came in weaker than expected. Most analysts chalked the weak GDP number, up to the Fiscal Cliff worry and other things. Tomorrow will enlighten the markets even more.

Facebook Inc. (FB) opened lower today at $29.15, down over $2.00 from the close yesterday. Fourth quarter earnings were released and initially disappointed investors. However, the market continues to see bidders rushing for any name brand stock. Facebook has climbed all the way back to the flat line on the day. It is trading at $31.16, -0.08 (-0.26%).

SPDR S&P 500
SPDR S&P 500

Gareth Soloway
Chief Market Strategist

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