News Headline Summary

US EQUITY WRAP: Equities finished mixed as the DJIA underperforms its peers; DJIA finished down 0.05% at 16436.79, the S&P 500 finished up 0.23% at 1842.38 and the NASDAQ 100 finished up 0.35% at 3565.08

US equities finished mixed for the session and the week as the DJIA underperformed its peers in both counts led lower by Chevron (-1.93%). Equities tumbled following the much lower than expected headline NFP reading came in at 74K vs. Exp. 197K. The BLS noted that there was a major weather effect seen on forced part-time series.Despite the weak number, consensus was that the report did not change the Fed taper outlook considerably, which saw equities pare back some of their losses.In individual stocks, Intercept Pharmaceuticals rallied once again to bring its total two-day gains to over 500% following price target increases across BofA, Citigroup and Oppenheimer. The Co. reported yesterday that its drug for liver fibrosis met its primary endpoint and was stopped early. In the other end of the spectrum, Sears Holdings shares plunged 13% after the Co. forecast a fourth quarter loss and said sales during the holiday period dropped. Chevron shares fell 1.9% with the Co. set to report a drop in Q4 profits after oil and natgas production declined amid falling prices.

10 Jan 2014 - 21:00 - Equities - Source: RANsquawk

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