Ahead of Friday’s jobs data, investors were cautious in Thursday’s session. The premarket rally was sold into and the decline off the opening bell was bought. Much of the session was spent meandering in the 4150 handle, which was anchored by the high close for the rebound from Wednesday (4156.75).
The tug of war continued into the final hour of the session, in which the index had sharp five handles fluctuations in both directions. The end result was a decline of 4 handles at 4152.25.
Amazon.com Inc. (NASDAQ: AMZN) was the biggest winner of the top components of the index. For the session, the issue gained $3.05 or 2.2% to close at $142.57.
That was much better than the cash index’s decline of 0.1%.
Exxon Mobil (NYSE: XOM) was the biggest loser of the top components of the index for the second day in a row. The issue, now in freefall mode, was lower by $3.83 or 4.2% to close at $91.02.
PreMarket Prep Stock Of The Day: Wal Mart Inc. (NYSE: WMT)
More bad news on top of the lower guidance announced last week. Read more on WMT here.