Reuters Insider - Stocks flat as job growth stalls

AFC group

13/01/2014 08:12

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 http://insider.thomsonreuters.com/link.html?cn=share&cid=1180630&shareToken=MzoyNDM3YWQ1ZC0yZDRjLTQ2OTEtOTFkYi02MjMyN2EwOWEzNGQ%3D&playerName=ReutersNews 
                                                                       
 Source:             Thomson Reuters                                   
                                                                       
 Description:        Summary: Stocks were little changed as investors  
                     discount dismal hiring in December; homebuilders  
                     rally as debt yields tumble; Target security      
                     breach bigger and wider than first revealed.      
 
 
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Transcript (May be auto-generated)

 US stocks fluctuated between positive and negative territory. As a weaker than 
expected jobs number provided the uncertainty of what's really going on with the
economy. The Dow was unable to climb out of a small hole but the S&P 500 and 
NASDAQ managed to turn slight gains. Who tipped slightly lower for the week 
while the NASDAQ posted a gain of 1%. Us employers are at least 74000. Workers 
in December of the smallest gain in three years. New jobs largely focused into 
areas retail and -- help on holidays. Government our -- by 30000. That 
economists say the setback was likely temporary with the usually cold weather to
blame. He -- his chief economist at I'd definitely. It's not as bad as it looks 
but it's not great either. It probably puts us back into sort of a 15160. 

Type of average shed payroll increase which is -- we saw. In the last few 
months. And it should temper a bit of the enthusiasm. That had been building 
that this economy was about to. Wanted to some sort of breakneck speed. The 
unemployment rate fell to six point 7% it's lowest since October 2008. But I'm 
mostly reflective people leaving the labor force. The payroll report suggests 
the Federal Reserve doesn't have to rush defer the -- bond purchases that that 
yields on the ten year note lower. 

Which gave homebuilders like Lennar and DR Horton a boost with -- investors 
betting group will benefit if mortgage rates are subdued. The holiday season 
data breach at target was far bigger than the company first and now. The 
retailers. -- patients those seventy million people were impacted. Of the forty 
million. Total company sales. -- putted from the moment that. Discount retailers
that are more than 1%. The stock perform it for Sears was much worse down almost
14%. The retailer -- the same store sales declines during the crucial holiday 
season at both Sears and Kmart. Meanwhile shares of Alcoa fell five point 4%. A 
day after posting results hurt by decline in aluminum prices. European stocks 
climbed to a new Favre had a -- -- on a string of strong corporate update. But 
the rally was restrained by that weak US jobs