Stocks End on a Mixed Note; Finish Lower for the Week
Stocks ended on a mixed note in trading today as investors remained on the sidelines amid weak earnings reports. Better than expected U.S. GDP data released earlier today failed to lift investors’ sentiment.
The Dow Jones ended the day 0.03% higher at 13,107.21, the S&P 500 ended the day 0.07% lower at 1,411.94, and the Nasdaq ended the day 0.06% higher at 2,987.95.
For the week, the Dow Jones fell 1.77%, the S&P 500 fell 1.48%, and the Nasdaq fell 0.59%.
Consumer Cyclical sector was the worst performer in the S&P 500 in trading today, ending the day 0.86% lower. Financials also fell sharply today, ending the day 0.65% lower. Technology sector was the best performer in the S&P 500 today, ending the day 0.09% higher.
Among the major gainers and losers in trading today were Amazon.com Inc. (NASDAQ: AMZN), which ended the day 6.87% higher at $238.24, Apple Inc. (NASDAQ: AAPL), which ended the day 0.91% lower at $604, Comcast Corporation (NASDAQ: CMCSA), which ended the day 3.30% higher at $37.56, Citigroup Inc. (NYSE: C), which ended the day 2.17% lower at $36.60, DeVry Inc. (NYSE: DV), which ended the day 24.93% higher at $26.01, Deckers Outdoor Corp. (NASDAQ: DECK), which ended the day 16.77% lower at $29.54, and Expedia Inc. (NASDAQ: EXPE), which ended the day 15.24% higher at $59.06.
On the economic front, a report released by the Commerce Department showed that the U.S. economy grew at a 2% annual rate in the third quarter. Meanwhile, the final reading on the Thomson Reuters/University of Michigan’s consumer sentiment index for the month of October came in at 82.6.
European markets ended mostly higher today, with the FTSE 100 Index in London closing 0.03% higher, and the CAC 40 Index in Paris closing 0.69% higher at 3,435.09. Asian markets ended mostly lower overnight, with the Nikkei 225 Index in Japan closing 1.35% lower, and the Hang Seng Index in Hong Kong closing 1.21% lower.
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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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