SmarTrend Market Close Wrap-Up -- January 6, 2012 (DJI,INX,IXIC)

Good Afternoon, I'm Mari Fagel and you're watching Smartrend News. Today is Friday January 6, 2012 and this is your market close wrap up.

The major U.S. equity indices closed mixed Friday on positive economic news and continuing European debt troubles.

The Labor Department says 200,000 jobs were added in the month of December while the unemployment rate fell to 8.5% from a 8.7% a month earlier. This is great news considering economists and analysts were expecting the unemployment rate to stay at its previous 8.7% and only 150,000 jobs added in the month of December.

In corporate news, Digitimes reports that Apple (NASDAQ:AAPL) could ship its iPad 3 with full HD Display followed by an iPad 4 October with a new array of apps, according to industry sources in Taiwan.

And Alcoa's (NYSE:AA) earnings report will unofficially kick off the Q4 earnings season on Monday, January 9 after the market close, with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of $0.01 on revenue of $5.78 billion. The consensus range is a loss of $0.07 to a gain of $0.17 for EPS, and $5.46 billion-$6.16 billion for revenue, according to First Call.

Now taking a look at where the markets closed today.

The Dow Jones Industrial Average closed 0.45% lower at 12,360, the S&P500 closed 0.25% lower at 1,278, and the Nasdaq Composite closed 0.16% higher at 2,674.

This has been your market close wrap up for Friday, January 9th, I'm Mari Fagel. For more financial news and headlines keep it right here to Smartrend news.

Category:

News & Politics

Tags:

• business
• finance
• investing
• stock
• trading
• news
• close
• labor
• employment
• apple
• ipad 3
• Alcoa

[Mr40acresandamule]

There will never, ever be a jobs report that the Republicans are going to credit to Obama. Never in a million years. Each side spins numbers in their favor. 243,000 jobs added in January is great and boost confidence, but the truth is is that people are leaving the workforce and it is not Obama's fault. Republicans are going say "The job numbers are good, but we can do better or they will say we would have had 500,000 jobs each month."

[bboydancenow1]

Suckers

[bboydancenow1]

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