Stock Market Watch

Stocks End on a Mixed Note

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Stocks ended on a mixed note in trading on Friday as investors remained cautious. All three major indexes struggled for direction throughout the day as investors monitored developments in the euro zone.

The Dow Jones ended the day 0.22% higher at 11,796.16, the S&P 500 ended the day 0.04% lower at 1,215.65, and the Nasdaq ended the day 0.60% lower at 2,572.50.


Technology stocks were the worst performers in the S&P 500 on Friday, ending the day 0.68% lower. Consumer Cyclical stocks also fell sharply on Friday, ending the day 0.47% lower. Basic Materials stocks ended the day 0.19% lower. Transportation and Utilities were the best performers in the S&P 500 on Friday. Both sectors ended the day 0.59% higher.

Among the major gainers in trading on Friday were Mentor Graphics Corporation (NASDAQ: MENT), which ended the day 14.11% higher at $13.02, Mattress Firm Holding Corp. (NASDAQ: MFRM), which ended the day 15.79% higher at $22, Dolby Laboratories Inc. (NYSE: DLB), which ended the day 10.87% higher at $30.70, and Marvell Technology Group Ltd. (NASDAQ: MRVL), which ended the day 6.47% higher at $14.65.

Among the major losers in trading on Friday were Clearwire Corporation (NASDAQ: CLWR), which ended the day 20.97% lower at $1.47, Salesforce.com Inc. (NYSE: CRM), which ended the day 10.04% lower at $113.43, and Kronos Worldwide Inc. (NYSE: KRO), which ended the day 8.20% lower at $19.15.

In Europe, equity markets had another down day, with all major indexes falling even as worries about the euro zone debt crisis eased a little. The FTSE 100 Index in London ended the day 1.11% lower at 5,362.94, and the CAC 40 Index in France ended the day 0.44% lower at 2,997.01. Asian markets also ended mostly lower on Friday, with the Nikkei 225 Index ending 1.23% lower at 8,374.91.

 

edliston
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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