The stock market inched higher as investor focused on job creation and the resilience of the U.S. economy. The Dow rose 20 points to close at 16,956 while Nasdaq slipped a fraction to finish the session at 4,457.
On the upside
Shares of Greenbrier (NYSE: GBX) hit a record high after the railcar maker posted higher quarterly revenues and profits that beat expectations.
Alcoholic beverage maker Constellation Brands (NYSE: STZ) posted higher revenues and earnings that beat analysts' estimates.
Shares of Doral Financial (NYSE: DRL) surged after a Puerto Rico appeals court reversed a lower court decision to overturn a $230 million tax refund.
On the downside
Investors finally took profits on GoPro (Nasdaq: GPRO) whose shares had more than doubled from its IPO last week.
Shares of Delta Air Line (NYSE: DAL) lost ground after reporting slower international bookings in June.
CalAmp (Nasdaq: CAMP) posted higher revenues and earnings, but offered a modest outlook for the current quarter in its satellite business.
In the broad market, advancing issues were outpaced decliners by a margin of nearly 2 to 1 the NYSE and by almost 5 to 4 on Nasdaq. The broader S&P 500 added a point to close at a record 1974. Bitcoin slipped $1 or 0.2% to $643.
Stocks inch higher on job creation watch
July 02, 2014 at 18:03 PM EDT