Stock Market Watch

Stocks Edge Higher; S&P 500 and Dow Jones Close at Fresh All-Time Highs

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Stocks edged higher in trading on Wednesday as better than expected Chinese trade data lifted market sentiment. The Dow Jones and the S&P 500 closed at fresh all-time highs as investors continued to pour money into equity markets.

The Dow Jones ended the day 0.32% higher at 15,105.12, the S&P 500 ended the day 0.41% higher at 1,632.69, and the Nasdaq ended the day 0.49% higher at 3,413.27.

Basic Materials sector led the gains in the S&P 500 on Wednesday, ending the day 1.65% higher. Consumer Cyclical sector also rose sharply, ending the day 1.22% higher. Financials ended the day 0.83% higher. Utilities and Consumer Non-Cyclical were the only sectors in the S&P 500 to finish the day in red. Utilities ended the day 0.31% lower, and Consumer Non-Cyclical sector ended the day 0.11% lower.

Among the major movers on Wednesday were Whole Foods Market Inc. (NASDAQ: WFM), which ended the day 10.12% higher at $102.19, Groupon Inc. (NASDAQ: GRPN), which ended the day 3.71% higher at $5.59, The Walt Disney Company (NYSE: DIS), which ended the day 0.12% lower at $65.99, J.C. Penney Company Inc. (NYSE: JCP), which ended the day 7.38% higher at $17.61, and AOL Inc. (NYSE: AOL), which ended the day 8.88% lower at $37.74.

European markets ended mostly higher on Wednesday, with the FTSE 100 Index in London closing 0.40% higher, and the CAC 40 Index in Paris closing 0.89% higher. Asian markets also ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 0.74% higher, and the Hang Seng Index in Hong Kong closing 0.86% 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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