US stocks traded in a narrow range in the morning session as a better-than-expected jobs report in October bolstered the case for a December rate hike by the US Federal Reserve.
By Friday noon, the Dow Jones Industrial Average lost 32.47 points, or 0.18 percent, to 17,830.96, Xinhua reported.
The S&P 500 was down 9.03 points, or 0.43 percent, to 2,090.90. The Nasdaq Composite Index rose 4.36 points, or 0.09 percent, to 5,132.10.
Total nonfarm payroll employment increased by 271,000 in October, soundly beating market estimates, and the unemployment rate was unchanged at 5.0 percent, the US Labor Department said Friday.
Average hourly earnings for all employees on private nonfarm payrolls rose by nine cents to $25.20, following little change in September.
“We have to conclude a rate hike is coming (on) December 16 unless remaining data releases undermine the message from today’s employment report,” said Chris Low, chief economist at FTN Financial.
BB&T Corporation (NYSE:BBT) advanced +2.33% and closed at $39.04 in the last trading session with the total traded volume of 4.85 million shares. That’s more than the average volume of 4.30 million. It has outstanding shares of 780.15 million with the total market cap of $29.76 billion and its year-to-date (YTD) performance remained in bullish zone as reported the gain of 0.39%. BB&T Corporation (NYSE:BBT) report its fourth-quarter 2015 earnings on Jan. 21, 2016, prior to market opening. Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to discuss BB&T’s fourth-quarter 2015 performance beginning at 8 a.m. ET.
Jumei International Holding Ltd (NYSE:JMEI) gained +2.31% to close at $10.20 and its overall volume in the last trading session was 1.19 million shares, beaten by the average volume of 1.97 million. The share price scored the day-high of $10.24 and day low of $9.90. The stock is trading with downward year-to-date (YTD) performance of -25.11%. The company has total market cap of $1.48 billion. Jumei International Holding Ltd (NYSE:JMEI) announced that it will hold its annual general meeting of shareholders (the “AGM”) at 20/F, Tower B, Central Point Plaza, No. 11 Dongzhimen South Avenue, Beijing, China on December 18, 2015 at 2:00 p.m. (Beijing time). No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company’s American depositary shares (“ADSs”) to discuss Company affairs with management.
Northern Trust Corporation (NASDAQ:NTRS) went up +2.31% and closed at $74.97 with the total traded volume of 1.73 million shares. Its opening price was $74.40 and its shares traded within the range of $74.12-$75.92. The company now has market cap of about $17.33 billion. Northern Trust Corporation (NASDAQ:NTRS) In the third quarter of 2015, institutional asset owners lost 4.6 percent at the median, according to Northern Trust Universe data. This marked a noteworthy drop from the 0.2 percent median gain recorded in the second quarter. The Northern Trust Universe tracks the performance of about 300 large U.S. institutional investment plans, with a combined asset value of approximately $899 billion, which subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.