Stock Market Watch

Stocks End on a Mixed Note; Dow Jones, S&P 500 Post Best Quarterly Performance Since 1998

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Stocks ended on a mixed note on Friday, but the Dow Jones and the S&P 500 managed to post their biggest quarterly gain in more than a decade. The Nasdaq, meanwhile, logged in its best quarterly performance since 1991.

The Dow Jones rose 8.14% in the quarter, the S&P 500 rose 12% in the quarter, and the Nasdaq rose 18.67% for the quarter. The gains in the quarter were driven by some strong U.S. economic data.


Wells Capital Management Chief Investment Strategist Jim Paulsen told Reuters that he would look to change allocations from stocks that have done really well in the first quarter and move a little capital to stocks that have trailed a little bit.

On Friday, the Dow Jones ended 0.50% higher at 13,212.04, the S&P 500 ended the day 0.37% higher at 1,408.47, and the Nasdaq ended the day 0.12% lower at 3,091.57.

Energy and Consumer Non-Cyclical stocks were the best performers on Friday. Both sectors ended the day 0.81% higher. Basic Materials stocks ended the day 0.60% higher, whole Consumer Cyclical stocks ended the day 0.55% higher. Financials ended the day 0.32% higher.

For the week, the Dow Jones rose 1%, the S&P 500 rose 0.81%, and the Nasdaq rose 0.77%.

Among the major gainers on Friday were Groupon Inc. (NASDAQ: GRPN), which ended the day 3.84% higher at $18.38, Cybex International Inc. (NASDAQ: CYBI), which ended the day 13.45% higher at $2.53, ImmunoGen Inc. (NASDAQ: IMGN), which ended the day 4.73% higher at $14.39, Spanish Broadcasting System Inc. (NASDAQ: SBSA), which ended the day 43.31% higher at $6.75, and ASA Gold and Precious Metals Ltd. (NYSE: ASA), which ended the day 1.75% higher at $25.77.

European markets ended mostly higher 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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