This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Post First 2014 Gains as Health Care Surges

NEW YORK (TheStreet) -- The S&P 500 gained Tuesday for the first time in 2014, snapping a three-day losing streak after an improved trade report and eurozone data that bolstered investor sentiment.

  • The S&P 500 rose 0.61% to 1,837.88 while the Dow Jones Industrial Average added 0.64% to 16,530.94, and the Nasdaq jumped 0.96% to 4,153.18.
  • Tenet Health (THC) was a key gainer in the S&P 500, rising 4.9% to $46.11. Health companies are seen as beneficiaries of an improving unemployment rate, which is expected to see a fall in delayed medical procedure. UnitedHealth  (UNH - Get Report) popped 3% to $76.50 after being upgraded to "buy" from "hold" at Deutsche Bank.
  • The November U.S. trade deficit fell to $34.3 billion from $39.3 billion in October and beat expectations. As exports rose, oil imports fell to their lowest level in three years.
  • "With real consumption growth set to come in at around 4% and business investment showing signs of a rebound, overall fourth-quarter GDP growth was probably 3%, if not higher," Paul Ashworth, chief US economist at Capital Economics told clients in a note. 
  • S&P 500 Winner & Loser: Flir Systems (FLIR - Get Report) was the top percentage gainer in the S&P, popping 9.7% to $31.80 a share. GameStop (GME - Get Report) was the worst performer in the S&P, tumbling 8.4% to $44.15.
  • Eurozone inflation fell to 0.8% year on year. Low inflation could put pressure on the ECB to respond with stimulus. The region's central bank meets on Thursday.
  • German unemployment fell by 15,000 to 2.965 million against expectations for no change.
  • Boston Fed President Eric Rosengren said Tuesday that the central bank should wind down its stimulus programs very gradually. He was the lone dissenter against the Fed's December taper decision.
  • JPMorgan (JPM) will pay $1.7 billion to settle criminal charges that it ignored signs of Madoff's Ponzi scheme as its banker, according to federal authorities. It was the leading laggard in the Dow near midday, shedding 1.2% to $58.35.
  • Goodyear Tire & Rubber Company (GT - Get Report) rose 1.3% to $24.06 after two company managers were released after being held hostage overnight in a factory in France by about 100 heated workers.
  • Germany's DAX rose 0.83%, while the FTSE added 0.36%. 

-- Written by Jane Searle and Joe Deaux in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FLIR $30.55 -1.36%
GT $31.84 -0.58%
GME $43.41 6.08%
UNH $120.21 0.49%
AAPL $130.28 -1.14%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs