Service Industry Jobs Report Released; Stocks End Mixed

The service industry jobs report was released today and shared good news. Despite the government shutdown, service firms displayed an increase in sales positions and an increase in hiring overall. Even with the positive service jobs report the stocks ended with mixed reviews. The Dow and S&P finished down while Nasdaq finished with only slight gains. The housing market is constantly changing and is now enabling lenders to offer loans for down payments low as 5%. Kmart, who is owned by Sears (SHLD), announced today that they plan on opening their stores up at 6 a.m. on Thanksgiving morning and are going to remain open for 41 hours straight. They are not getting the response that they hoped for since many customers are outraged at this decision. Will this prove to be beneficial or detrimental to the retailer on the biggest shopping day of the year? It seems that demand for Twitter's initial stock is so high that they had to close the book enabling individuals to purchase the stocks early. This may mean that Twitter's IPO may be priced earlier than Wednesday evening, when it was originally scheduled to be priced. AOL (AOL) had a dismal 3Q after its net income fell 90% from a year ago despite its share price rising and an overall increase in ad revenue.

Word on the Street

Tech stocks unveil a mixed results day; AOL (AOL), Pandora (P)
How will October's job report change the market?
U.S. service sector grew more than expected in October.
Kellogg (K) to minimize global workforce by 2017.
Does SAC's $1.8 billion penalty send a strong enough message?
The sun shines again on First Solar (FSLR).

Interesting Tidbits

Automatiic's unique company culture and why it is so successful.
Why listening to your customers is imperative.

Published on Nov 5, 2013

By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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