Market Cuts Back Losses in Late Trading to Finish on a Mixed Note
The U.S. equity market ended on a mixed note after cutting back losses in late trading. The Dow Jones ended the day 0.22% lower at 11,178.58, the S&P 500 ended the day 0.16% lower at 1,197.84 and the Nasdaq ended the day 0.55% higher at 2,532.02.
The euro steadied after falling earlier as Ireland vowed to pass the 2011 budged before holding elections. Markets across the globe were volatile throughout the day, despite Ireland reaching an agreement with European Union (EU) and the International Monetary Fund (IMF) for a bailout.
Netflix Inc. (NASDAQ: NFLX) shares saw a huge rally in today’s trading, after the Los Gatos, California-based company launched a U.S. subscription plan for $7.99 a month. Shares of Netflix ended the day 8.83% higher at $188.32. The stock touched a 52-week high of $188.70 earlier in the day.
General Motors Co. (NYSE: GM) shares ended the day slightly lower. The company today unveiled its new brand in China, aimed at smaller cities. Shares of General Motors Co. ended the day 0.53% lower at $34.08.
Crude oil fell today as investors remained concerned over the debt crisis in Europe. Despite Ireland being bailed out now, investors are worried about other weak euro zone economies, Spain and Portugal. Crude oil for delivery in January dropped 0.3% to $81.74 a barrel on the New York Mercantile Exchange, while Brent crude for delivery in January dropped 0.5% to $83.93 a barrel on the ICE Futures Europe exchange in London.
Related posts:
- Market Continues to Decline in Mid-Day Trading
- Market Opens Lower
- Market Rallies as Ireland Concerns Fade
- Market Continues to Gain Momentum
- Market Recovers after a Brief Tumble to Finish Higher
