Stocks ended on a mixed note on Tuesday following the release of weak economic data in the U.S. Despite the decline on Tuesday, the Dow Jones and the S&P 500 posted their best January since 1997.
The Dow Jones rose 3.4% in January, while the S&P 500 rose 4.36% higher. The Nasdaq, meanwhile, rose 8.01% for the month of January.
On Tuesday, investors’ sentiment was weighed down by weaker than expected housing market data and a weak consumer confidence report for the month of January. The weak economic data overshadowed some positive developments in the euro zone.
The Dow Jones ended the day 0.16% lower at 12,632.91, the S&P 500 ended the day 0.05% lower at 1,312.41, and the Nasdaq ended the day 0.07% higher at 2,813.84.
Industrials were the worst performers in the S&P 500 on Tuesday, ending the day 0.53% lower. Transportation stocks ended the day 0.23% lower. Utilities were the best performers in the S&P 500 on Tuesday, ending the day 0.69% higher. Financials ended the day 0.33% higher. Services stocks ended the day 0.22% higher.
Among the major gainers and losers in trading on Tuesday were Polypore International Inc. (NYSE: PPO), which ended the day 29.92% lower at $38.08, Amazon.com Inc. (NASDAQ: AMZN), which ended the day 1.19% higher at $194.44, RadioShack Corporation (NYSE: RSH), which ended the day 29.81% lower at $7.18, Jones Lang LaSalle Incorporated (NYSE: JLL), which ended the day 5.34% higher at $78.76, Renren Inc. (NYSE: RENN), which ended the day 12.04% lower at $5.55, Westport Innovations Inc. (NASDAQ: WPRT), which ended the day 9.53% higher at $41.60, and Tellabs Inc. (NASDAQ: TLAB), which ended the day 9.31% lower at $3.80.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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