The markets were mostly negative today as oil once again had a bad day. This, along with investors lack of risk appetite ahead of the jobs number tomorrow caused a small gain of 5 in the Dow 30, the S&P 500 to trade flat, and the Nasdaq 100 to add 13. Tomorrow the week comes to an end with the unemployment numbers that are due out before the open. The forecast is for a slight improvement in the unemployment rate, to 4.8%.
Wynn Resorts (WYNN ) hit a lucky streak this morning shooting up over 4.31%. Data revealed showed that gaming revenue in the Chinese territory of Macau rose for the first time in over two years in August. Wynn, which gets more than half of its revenue from Macau, just opened a massive $4 billion resort in the world's gambling mecca a couple of weeks ago. Shares were able to hold on to most of the gains, closing up 4.71%.
Salesforce.com (CRM ) sold off 4.43% today after the cloud software company provided a weaker than expected outlook for the current quarter. The company also announced that it sees some softness in its US business. It wasn't all bad news though. Earnings and revenue did top analysts' estimates for its fiscal second quarter, with revenue jumping 25% from a year ago. Still, investors took risk off the table which pushed shares to new 3 month lows.
Charter Communications (CHTR ) broke out to a new high today gaining 4.51% following news that the cable provider will begin trading on the S&P 500 (SPY ) on September 7, replacing EMC (EMC ), which is being bought by PC maker Dell. Investors responded aggressively to this news as the trading volume today was above average.
Campbell Soup (CPB ) cooled off some more today losing 6.27%, breaking down to a new 6 month low. The maker of soup and other food products posted earnings per share that missed forecasts, and while revenue matched estimates, sales were flat from a year ago. The company cited the lack of interest in its fresh and organic foods, calling the product results "disappointing."
