As Brenton wrote this morning in his market preview, the one number everyone would watch today was the non-farm payrolls report. He mentioned that a poor report might lead to a rally in markets, but today's report offered the perfect balance of positive and negative data points to keep both bulls and bears happy. On the negative side, the nation's unemployment rate ticked higher from 8.2% to 8.3%. However, the glass-half-full investor took heart in seeing that payroll additions zoomed past expectations, coming in at 163,000 versus expectations for 100,000. The news appeared to speak to both sides, sparking a monstrous end-of-week rally that saw the Dow Jones Industrial Average and S&P 500 soaring 1.7% and 1.9%, respectively.
However, not every stock joined the party, with a number of the most defensive names in the Dow shunned in classic risk-on fashion. In the following video, Brenton runs through today's news, as well as the biggest losers in today's market.
While days like today are nice, it's never good to apply too much energy focusing on short-term market movements. A better approach would be to focus on the long term, and if you're looking for some ideas, let us invite you to read the Fool's brand-new special report: "The 3 Dow Stocks Dividend Investors Need." It's absolutely free, so just click here and get your copy today.
The article The Dow Soars, but These Stocks Missed Out originally appeared on Fool.com.
Brenton Flynn owns shares of AT&T. The Motley Fool owns shares of McDonald's. Motley Fool newsletter services have recommended buying shares of McDonald's and creating a bull call spread position in Wal-Mart Stores. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.