Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Whole Foods Market, Inc.    WFM   US9668371068

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

MARKET SNAPSHOT: U.S. Stocks Deflate After ISM Services Index

05/03/2012 | 12:07pm US/Eastern
Recommend:
0

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks fell Thursday after a gauge of the services sector fell in April, dampening cheer that came with better-than-forecast data on the labor market.

"Friday's employment number once again, looms large. Just like every other month before this one," Kevin Giddis, head of fixed-income capital markets at Morgan Keegan & Co., wrote of the markets' tentative stance.

The Dow Jones Industrial Average (DJI) shed 39.05 points, or 0.3%, to 13,229.52.

The S&P 500 Index (SPX) fell 6.48 points, or 0.5%, to 1,395.83.

Weaker still, the Nasdaq Composite (RIXF) was down 22.82 points, or 0.8%, at 3,037.03.

For every stock gaining two declined on the New York Stock Exchange, where 284 million shares traded by 11:50 a.m. Eastern.

Noteworthy movers on the earnings front included Whole Foods Market Inc. (>> Whole Foods Market, Inc.), General Motors Co. (GM.XX) and Green Mountain Coffee Roasters Inc. (GMCR), among others.

Going a long way toward setting the Wall Street tone, the Institute for Supply Management said its services-sector index fell to 53.5% from a reading of 56.0% in March.

The employment component of the index fell to a four-month low -- "noteworthy ahead of payrolls tomorrow," emailed Peter Boockvar, equity analyst at Miller Tabak.

"Positively, inexplicably and similarly to the jump seen in the ISM manufacturing report, exports jumped" to their best level since March 2011, Boockvar added.

Earlier Thursday, first-time jobless claims fell to 365,000 last week, with the report coming a day before the Labor Department's pivotal report on nonfarm payrolls and employment for April.

Worry about Europe came as European Central Bank President Mario Draghi said the economic outlook for the euro region remained at risk as the sovereign-debt crisis threatened growth. The centrla bank kept its benchmark rate at 1%, as had been expected.

Stocks mentioned in the article : Whole Foods Market, Inc.
Recommend :
0
React to this article
Latest news on WHOLE FOODS MARKET, INC.
4d ago WHOLE FOODS MARKET : Kids on the hunt for orange in Mandarin ; Market's scavenge..
5d ago WHOLE FOODS MARKET : Clearwater® to open Sept. 24
5d ago WHOLE FOODS MARKET : Inspired by Europe and Re-Imagined with a Clean, Green Isla..
7d ago WHOLE FOODS MARKET : Ingredients for a big weekend
08/26 WHOLE FOODS MARKET : Mixed Signs of Recovery According to Northwood University M..
08/21DJFRESH MARKET : Fiscal 2nd-Quarter Profit Slips on Higher Costs
08/21 WHOLE FOODS MARKET : Are Rabbits Pets or Meat?
08/20 WHOLE FOODS MARKET : Animal Lovers Unite for "A Day of Action and Awareness" on ..
08/20 NASDAQ 100 MOVERS : Spls, ilmn
08/20 WHOLE FOODS MARKET : Healthy Solutions Spice Blends™ to Participate in the..
Advertisement
Chart
Duration : Period :
Whole Foods Market, Inc. Technical Analysis Chart | WFM | US9668371068 | 4-Traders
Income Statement Evolution
Whole Foods Market, Inc. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF