Feb. 5 (Bloomberg) — Stocks fluctuated, after the Standard & Poor's 500 Index rebounded from its worst drop since June, as a private report showing companies added fewer jobs than forecast offset acceleration in service industries.
Cognizant Technology Solutions Corp. fell 4.3 percent on a disappointing forecast. 3D Systems Corp. slumped 18 percent after its projection trailed expectations. Wynn Resorts Ltd. and Las Vegas Sands Corp. declined at least 0.9 percent after a report indicated Macau casino revenue growth slowed to the weakest pace since October 2012. Genworth Financial Inc. and Radian Group Inc. rallied more than 3.2 percent after posting profits from insuring U.S. mortgages.
The S&P 500 retreated 0.3 percent to 1,750 at 12:16 p.m. in New York. The Dow Jones Industrial Average slipped 10.85 points, or 0.1 percent, to 15,434.39. Trading in S&P 500 stocks was 22 percent above the 30-day average during this time of the day.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
