Stock Market Watch

Stocks End Slightly Higher; Another Record High Finish for S&P 500

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Stocks managed to post small gains on Monday after struggling initially, with the S&P 500 closing at yet another record high. Investors’ sentiment, however, remain subdued as they digested some mixed earnings reports and disappointing housing market data.

The Dow Jones ended the day 0.01% higher at 15,545.55, the S&P 500 ended the day 0.20% higher at 1,695.53, and the Nasdaq ended the day 0.36% higher at 3,600.39.

Basic Materials sector led the gains in the S&P 500, ending the day 1.07% higher. Telecom sector also rose sharply, ending the day 0.98% higher. Consumer Cyclical Goods sector was the worst performer in the S&P 500, ending the day 0.01% lower.

Among the major movers in trading on Monday were Spartan Stores Inc. (NASDAQ: SPTN), which ended the day 3.96% higher at $22.04, McDonald’s Corporation (NYSE: MCD), which ended the day 2.68% lower at $97.58, and Yahoo! Inc. (NASDAQ: YHOO), which ended the day 4.29% lower at $27.86.

On the economic front, a report released by the National Association of Realtors showed that existing home sales fell 1.2% in June to an annual rate of 5.08 million. The data missed consensus forecast of 5.25 million units.

European markets ended on a mixed note on Monday, with the FTSE 100 Index in London closing 0.11% lower, and the CAC 40 Index in Paris closing 0.37% higher. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 0.47% higher, and the Hang Seng Index in Hong Kong closing 0.25% 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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