Stock Market Watch

Stocks End Higher; Post Gains for the Week

by ·


Stocks ended higher in trading on Friday even as investors digested some disappointing economic data. However, the gains were limited as investors wait for the Federal Reserve’s monetary policy meeting, which is scheduled to take place next week.

The Dow Jones ended the day 0.49% higher at 15,376.06, the S&P 500 ended the day 0.27% higher at 1,687.99, and the Nasdaq ended the day 0.17% higher at 3,722.18. For the week, the Dow Jones rose 3.04%, the S&P 500 rose 1.98%, and the Nasdaq rose 1.70%.

All sectors in the S&P 500 except Technology ended the day in green. The gains were led by Consumer Non-Cyclical sector, which ended the day 0.80% higher. Consumer Cyclical sector also rose, ending the day 0.45% higher. Technology sector ended the day 0.05% lower.

Among the major movers on Friday were Intel Corporation (NASDAQ: INTC), which ended the day 3.58% higher at $23.44, Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA), which ended the day 17.34% higher at $117.53, and Education Management Corp. (NASDAQ: EDMC), which ended the day 7.52% lower at $8.36.

On the economic front, the preliminary reading on the Thomson Reuters/University of Michigan’s consumer sentiment index for September came in at 76.8, well below consensus forecast of 82. Meanwhile, a report from the Commerce Department showed that retail sales rose just 0.2% in August.

European markets ended on a mixed note on Friday, with the FTSE 100 Index in London closing 0.08% lower, and the CAC 40 Index in Paris closing 0.19% higher. Asian markets also ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.12% higher, and the Hang Seng Index in Hong Kong closing 0.17% lower.








More Posts by this author

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.

Tags:

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.

You may also like...