Stock Market Watch

Stocks End Higher

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Stocks finished higher on Friday, with all three major indexes ending the day green. However, the Dow Jones and the S&P 500 posted their worst weekly performance of the year so far.

Stocks remained under pressure throughout the week as concerns about a slowdown in China, the world’s fastest growing major economy weighed down investors’ sentiment.


On Friday, the Dow Jones ended 0.27% higher at 13,080.73, the S&P 500 ended 0.31% higher at 1,397.11, and the Nasdaq ended 0.15% higher at 3,067.92.

For the week, the Dow Jones fell 1.15%, the S&P 500 fell 0.5%, and the Nasdaq rose 0.41%.

Basic Materials and Energy stocks led the gains in the S&P 500 on Friday. Basic Materials stocks ended the day 0.94% higher, while Energy stocks ended the day 0.90% higher. Industrials ended the day 0.57% higher. Financials ended the day 0.76% higher. Consumer Cyclical stocks were the worst performers in the S&P 500 on Friday, ending the day 0.36% lower. Conglomerates ended the day 0.16% lower.

Among the major gainers and losers on Friday were McEwen Mining Inc. (NYSE: MUX), which ended the day 10.16% higher at $4.12, Weight Watchers International Inc. (NYSE: WTW), which ended the day 3.85% lower at $78.84, Esterline Technologies Corporation (NYSE: ESL), which ended the day 10.15% higher at $75.20, Micron Technology Inc. (NASDAQ: MU), which ended the day 3.56% lower at $8.40, SandRidge Energy Inc. (NYSE: SD), which ended the day 8.65% higher at $8.29, Nike Inc. (NYSE: NKE), which ended the day 3.22% lower at $107.42, and Monster Worldwide Inc. (NYSE: MWW), which ended the day 7.69% higher at $10.22.

European markets ended on a mixed note on Friday, with the EURO STOXX 50 Index closing 0.19% lower, and the FTSE 100 Index closing 0.16% higher. Asian markets ended mostly lower on Friday.

 

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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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