Stock Market Watch

Stocks End Higher

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Stocks ended higher in trading on Friday even as market participants digested some disappointing housing market data.

The Dow Jones ended the day 0.31% higher at 15,010.36, the S&P 500 ended the day 0.39% higher at 1,663.47, and the Nasdaq ended the day 0.52% higher at 3,657.79. For the week, the Dow Jones fell 0.47%, the S&P 500 rose 0.46%, and the Nasdaq rose 1.53%.

All sectors in the S&P 500 ended higher on Friday. Energy sector led the gains, ending the day 0.94% higher. Basic Materials sector also rose sharply, ending the day 0.82% higher. Consumer Non-Cyclical sector ended the day 0.84% higher.

Among the major movers on Friday included Microsoft Corporation (NASDAQ: MSFT), which ended the day 7.35% higher at $34.77, Pandora Media Inc. (NYSE: P), which ended the day 12.90% lower at $18.91, CYS Investments Inc. (NYSE: CYS), which ended the day 9.70% higher at $7.58, Hibbett Sports Inc. (NASDAQ: HIBB), which ended the day 8.67% lower at $53.40, and Autodesk Inc. (NASDAQ: ADSK), which ended the day 7.69% higher at $38.91.

On the economic front, a report showed that new home sales slumped 13.4% to a 394,000 annual rate in July, the lowest level in nine months.

European markets ended mostly higher on Friday, with the FTSE 100 Index in London closing 0.70% higher, and the CAC 40 Index in Paris closing 0.25% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 2.21% higher, and the Hang Seng Index in Hong Kong closing 0.15% lower.








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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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