Stock Market Watch

Stocks End on a Mixed Note on Last Trading Day of June and Q2

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Stocks ended on a mixed note on the final trading day of June and the second quarter of 2013. June turned out to be an extremely volatile month for equities as concerns over the longevity of the Federal Reserve’s bond buying program sparked a sell-off in risk assets. However, stocks recovered in the final week of the month. For the quarter, all three major indexes ended higher.

On Friday, the Dow Jones closed 0.76% lower at 14,909.60, the S&P 500 closed 0.43% lower at 1,606.28, and the Nasdaq closed 0.04% higher at 3,403.25. Healthcare sector was the worst performer in the S&P 500 on Friday, ending the day 0.61% lower. Industrials fell 0.55%. Telecom sector was the best performer in the S&P 500, ending the day 0.40% higher.

For the week, the Dow Jones rose 0.74%, the S&P 500 rose 0.87%, and the Nasdaq rose 1.37%. For the month of June, the Dow Jones fell 1.36%, the S&P 500 fell 1.50%, and the Nasdaq fell 1.52%. For the quarter, the Dow Jones rose 2.27%, the S&P 500 rose 2.35%, and the Nasdaq rose 4.15%.

Among the major movers in trading on Friday were Research In Motion Ltd. (NASDAQ: BBRY), which ended the day 27.76% lower at $10.46, American Superconductor Corporation (NASDAQ: AMSC), which ended the day 12.82% higher at $2.64, and Accenture Plc (NYSE: ACN), which ended the day 10.30% lower at $71.96.

On the economic front, the final reading on the Thomson Reuters/University of Michigan’s consumer sentiment index for June came in at 84.1, beating consensus forecast of reading of 82.8.

European markets ended mostly lower on Friday, with the FTSE 100 Index in London closing 0.45% lower, and the CAC 40 Index in Paris closing 0.62% lower. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 3.51% higher, and the Hang Seng Index in Hong Kong closing 1.78% higher.

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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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