Stocks End on a Mixed Note
Stocks ended on a mixed note in trading today after struggling for direction throughout the day amid ongoing worries over Spain’s rising borrowing costs.
Concerns over Spain’s rising borrowing costs overshadowed Greek election results. Greek voters on Sunday opted for pro-bailout parties, giving global markets some relief. However, the relief rally did not last long as investors once again focused on Spain and Italy.
In the U.S., all three major indexes opened lower initially. A better than expected homebuilder sentiment report, however, pushed the S&P 500 higher. The Dow Jones ended the day 0.20% lower at 12,741.82, the S&P 500 ended the day 0.14% higher at 1,344.78, and the Nasdaq ended the day 0.78% higher at 2,895.33.
Transportation sector led the gains in the S&P 500 in trading today. The sector ended the day 1.40% higher. Basic Materials sector also rose sharply today, ending the day 0.60% higher. Healthcare sector ended the day 0.59% higher. Financials were the worst performer in the S&P 500 today, ending the day 0.62% lower. Energy sector ended the day 0.48% lower, while Conglomerates ended the day 0.61% lower.
Among the major gainers and losers in trading today were Facebook Inc. (NASDAQ: FB), which ended the day 4.92% higher at $31.49, Body Central Corp. (NASDAQ: BODY), which ended the day 48.59% lower at $8.22, InterDigital Inc. (NASDAQ: IDCC), which ended the day 27.10% higher at $29.08, Barnes & Noble Inc. (NYSE: BKS), which ended the day 2.31% lower at $15.24, and Extorre Gold Mines Ltd. (AMEX: XG),which ended the day 56.39% higher at $4.16.
European markets ended on a mixed note earlier today, with the FTSE 100 Index in London closing 0.22% higher, and the CAC 40 Index in Paris closing 0.69% lower. Earlier, Asian markets ended mostly higher, with the Nikkei 225 Index in Japan closing 1.77% higher.
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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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