CLOSING BELL

Dow 10270.55  -26.30, Nasdaq 2190.91  +0.85, S&P 1097.28  -6.04 

Support for large-cap tech stocks helped the Nasdaq recover from the red to finish flat, but Tech were not enough to pull the rest of the market out of the red.

In economic reports today the ADP Employment Report showed a smaller-than-expected loss of 22,000 private sector jobs in January.  Additionally, an in-line reading of 50.5 for the January ISM Services Index was also dismissed by traders. 

Financials were particularly weak. The sector logged a loss of -1.4% even though Aflac (AFL) 50.94, +1.24 and MetLife (MET) 34.80, -1.57 posted better than expected earnings.

Pfizer (PFE) 18.62, -0.44 missed their consensus earnings estimate. That caused pressure on other pharmaceutical stocks, which lost -1.4%. The broader health care sector fell - 1.1%.

Toyota’s (TM) 73.49 -4.69 -6.00% got hit on reports the Prius is also experiencing acceleration problems possibly due to a software problem with the car.  Additionally the U.S. Secretary of Transportation made a comment that he advises anyone with a Toyota to park the vehicle until it can be fixed.

Advancing Sectors: Tech +0.3%, Consumer Discretionary +0.2%

Declining Sectors: Financials -1.4%, Health Care -1.1%, Materials -1.0%, Telecom -0.8%, Energy -0.8%, Utilities -0.8%, Consumer Staples -0.5%, Industrials -0.4%