Stock Market Watch

Stocks End Higher after Thursday’s Sell-Off

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Stocks ended higher on Friday, following Thursday’s huge sell-off. However, all three major indexes ended sharply lower for the week.

For the week ended September 23, the Dow Jones ended 6.41% lower, the S&P 500 ended 6.54% lower, and the Nasdaq ended 5.3% lower. On Friday, the Dow Jones ended 0.35% higher at 10,771.48, the S&P 500 ended 0.61% higher at 1,136.43, and the Nasdaq ended 1.12% higher at 2,483.23.


All sectors in the S&P 500 except Basic Materials ended the day in green on Friday. Consumer Cyclical and Transportation stocks led the gains in the S&P 500 on Friday, ending 1.91% and 1.45% higher, respectively. Financials also rose sharply on Friday, ending the day 1.04% higher. Industrials ended the day 0.90% higher. Basic Materials stocks fell 0.57%, after dropping more than 5% on Thursday.

Among the major gainers in trading on Friday were Harleysville Group Inc. (NASDAQ: HGIC), which ended the day 23.65% higher at $31.32, American Medical Alert Corp. (NASDAQ: AMAC), which ended the day 47.63% higher at $8.40, DISH Network Corp. (NASDAQ: DISH), which ended the day 5.35% higher at $26.76, PNM Resources Inc. (NYSE: PNM), which ended the day 16.85% higher at $16.02, and Nike Inc. (NYSE: NKE), which ended the day 5.30% higher at $88.64.

Among the major losers in trading on Friday were Hewlett-Packard Company (NYSE: HPQ), which ended the day 2.11% lower at $22.32, and Range Resources Corp. (NYSE: RRC), which ended the day 11.45% lower at $58.53.

European markets fluctuated between gains and losses on Friday before finishing higher. The FTSE 100 Index in London ended the ay 0.50% higher at 5,066.81, and the CAC 40 Index in Paris ended the day 1.02% higher at 2,810.11. Despite the gains on Friday, Europeans market had a rough week as worries about a Greek default and weak euro zone economic data weighed down confidence among investors.

 

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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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.

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