Stocks ended higher in trading today as investors continued to cheer Federal Reserve’s decision to implement another round of quantitative easing.
The Dow Jones ended the day 0.40% higher at 13,593.37, the S&P 500 ended the day 0.40% higher at 1,465.77, and the Nasdaq ended the day 0.89% higher at 3,183.95.
Basic Materials sector led the gains in the S&P 500 in trading today, ending the day 1.67% higher. Consumer Cyclical sector also rose sharply, ending the day 1.65% higher. Energy sector ended the day 1.48% higher. Financials rose 1.04%. Technology sector ended the day 1.13% higher.
Among the major gainers in trading today were Fossil Inc. (NASDAQ: FOSL
), which ended the day 11.43% higher at $93.60, Analogic Corporation (NASDAQ: ALOG
), which ended the day 16.26% higher at $80.44, Apple Inc. (NASDAQ: AAPL
), which ended the day 1.22% higher at $691.28, Groupon Inc. (NASDAQ: GRPN
), which ended the day 10.71% higher at $5.27, and Kayak Software Corp. (NASDAQ: KYAK
), which ended the day 9.92% higher at $32.92.
Among the major losers in trading today were Swift Transportation Co. (NYSE: SWFT
), which ended the day 8.11% lower at $8.27, and Werner Enterprises Inc. (NASDAQ: WERN
), which ended the day 7.35% lower at $21.93.
On the economic front, a report released by the Commerce Department showed that retail sales rose in the month of August. Meanwhile, the Thomson Reuters/University of Michigan’s consumer sentiment index rose to highest level in four months in September. A report from the Federal Reserve showed that industrial production fell in August..
European markets rallied in trading today, with the FTSE 100 Index in London ending the day 1.64% higher, and the CAC 40 Index in Paris ending the day 2.27% higher. Asian markets also rose sharply overnight, with the Nikkei 225 Index in Japan ending 1.83% higher, and the Hang Seng Index in Hong Kong ending 2.90% higher.