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Stocks Lower on Disappointing ADP April Jobs Numbers
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FBN's Nicole Petallides on stocks weighing down the Dow.
- Duration 1:05
- Date May 2, 2012
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FBN's Nicole Petallides on stocks weighing down the Dow.
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But first it is time.
For stocks now Nicole -- -- look floor of the NYSE and the reaction immediate jobs report is.
Certainly -- the spark on the yesterday's rally to call.
That's right yesterday we talk off -- we saw the Dow Jones Industrial Average -- to the highest level since 2007 yesterday's close highest close since December when he.
2007 today.
Just a little bit of a pullback the major averages are pulling back however -- yes and he is the worst of the bunch and that is down only half a percent.
Right that's not that they gonna move considering the highs that were hovering around at the moment.
We're taking a look here big picture by the and the SP 500.
360.
Names are lower right now the down volume is exceeding.
The up volume and I want to take a look at a name on the SP 500 -- the winner today and that is CBS and you look at CBS -- could see up about 2%.
And they came out their quarterly profit that beat the street price target from some the analyst Barry.
Somewhere between 37 dollars and 42 dollars a share so certainly the analysts on Wall Street think there's upside potential for the coming back -- all right -- thank you very much in total all of our real.