Stock Market Watch

Stocks Bounce Back

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Stocks bounced back in trading on Thursday following a five-day losing streak. All three major indexes edged higher as investors digested some solid economic data.

The Dow Jones ended the day 0.36% higher at 15,328.30, the S&P 500 ended the day 0.35% higher at 1,698.67, and the Nasdaq ended the day 0.70% higher at 3,787.43.

All sectors in the S&P 500 ended the day in green. The gains were led by Consumer Cyclical sector, which ended the day 0.58% higher. Telecom sector ended the day 0.52% higher. Basic Materials sector ended the day 0.32% higher, while Energy sector ended the day 0.29% higher. Technology sector rose 0.46%.

Among the major movers on Thursday were KiOR Inc. (NASDAQ: KIOR), which ended the day 57.92% higher at $2.89, Jabil Circuit Inc. (NYSE: JBL), which ended the day 9.92% lower at $21.62, and Facebook Inc. (NASDAQ: FB), which ended the day 1.88% higher at $50.39.

On the economic front, a report released by the Labor Department showed that initial jobless claims fell 5,000 to a seasonally adjusted 305,000 last week. The four-week moving average for jobless claims fell to 308,000, the lowest level since June 2007. Meanwhile, the final reading on second-quarter U.S. GDP growth came in at 2.5%, unchanged from the previous estimate. A report from the National Association of Realtors showed that pending home sales fell 1.6% in the month of August.

European markets ended on a mixed note on Thursday, with the FTSE 100 Index in London closing 0.21% higher, and the CAC 40 Index in Paris closing 0.21% lower. Asian markets also ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 1.22% higher, and the Hang Seng Index in Hong Kong closing 0.36% 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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