Stocks Bounce Back in Late Trading; All Three Major Indexes Finish Higher
Stocks bounced back in late trading today to finish the day in green. All three major indexes had traded in red territory for much of the day as disappointing economic data from China weighed down sentiments.
The Dow Jones ended the day 0.32% higher at 13,207.95, the S&P 500 ended the day 0.22% higher at 1,405.87, and the Nasdaq ended the day 0.07% higher at 3,020.86.
For the week, the Dow Jones rose 0.85%, the S&P 500 rose 1.07%, and the Nasdaq rose 1.78%.
The rebound in late trading today was led by Conglomerates, which ended the day 0.55% higher. Basic Materials sector also rose sharply, ending the day 0.31% higher. Transportation sector ended the day 0.37% higher. Healthcare sector finished 0.36% higher. Energy sector rose 0.22%. Consumer Cyclical sector ended marginally lower in trading today.
Among the major gainers and losers in trading today were Fusion-io Inc. (NYSE: FIO), which ended the day 27.78% higher at $26.86, J.C. Penney Company Inc. (NYSE: JCP), which ended the day 5.88% higher at $23.40, Janus Capital Group Inc. (NYSE: JNS), which ended the day 10.01% higher at $8.46, Ubiquiti Networks Inc. (NASDAQ: UBNT), which ended the day 41.97% lower at $8.71, Roundy’s Inc. (NYSE: RNDY), which ended the day 24.63% lower at $7.71, Monster Beverage Company (NASDAQ: MNST), which ended the day 11.32% lower at $54.27, and Groupon Inc. (NASDAQ: GRPN), which ended the day 11.88% higher at $7.44.
European markets ended mostly lower in trading today, with the FTSE 100 Index in London ending the day 0.08% lower, and the CAC 40 Index in Paris ending the day 0.61% lower. Asian markets also fell in trading overnight, with the Nikkei 225 Index in Japan closing 0.97% lower, and Hang Seng Index in Hong Kong closing 0.66% lower.
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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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