Stock Market Live Blog: A Good News/bad News Day Sinks Stocks; Micron Rallies Again
Richard Collings (@RichCollings) January 8, 2014 JCPENNY is a classic example of how to drive a stock - up or down. $JCP drops on "no numbers" holiday report: $JCP "Pleased". Investors not. Steve Brown (@stevebrownbiz) January 8, 2014 11:21 am Add a Comment Joseph Tanious, global market strategist at J.P. Morgan Funds says we should not read too much into the markets' reaction today. "The very positive numbers from the ADP data mean that the labor market is healing and the economy is growing stronger, which is good for corporates and the stock markets in the long run. What might be happening today, is that there is fear among investors that the Fed was a lot more hawkish during their last meeting than they first thought. We will find out later when the minutes come out." 11:40 am Add a Comment Treasury prices are sinking on the back of Wednesday's strong ADP employment report, pushing the 10-year yield back over 3%.