Stock Market Watch

Stocks End Higher; Nasdaq Posts Best Weekly Gain in Nearly Three Months

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Stocks ended higher in trading today despite some disappointing U.S. GDP data released earlier in the day and a downgrade of Spain’s credit rating. The weak GDP data and developments in the euro zone were overshadowed by strong earnings reports and better than expected consumer sentiment report.

The Dow Jones ended the day 0.18% higher at 13,228.31, the S&P 500 ended the day 0.24% higher at 1,403.36, and the Nasdaq ended the day 0.61% higher at 3,069.20.


For the week, the Dow Jones rose 1.53%, the S&P 500 rose 1.8%, and the Nasdaq rose 2.29%. The Nasdaq, in fact, posted its best weekly gain in nearly three months.

Industrials were the best performers in the S&P 500 in trading today, ending the day 1.03% higher. Services stocks also rose sharply in trading today, ending the day 0.93% higher. Transportation stocks ended the day 0.55% higher. Basic Materials stocks ended the day 0.60% higher. Consumer Non-Cyclical stocks were the worst performers in trading today. The sector fell 0.35%.

Among the major gainers in trading today were Expedia Inc. (NASDAQ: EXPE), which ended the day 23.54% higher at $40.31, Amazon.com Inc. (NASDAQ: AMZN), which ended the day 15.75% higher at $226.85, Warner Chilcott Plc (NASDAQ: WCRX), which ended the day 7.99% higher at $18.79, and Aware Inc. (NASDAQ: AWRE), which ended the day 64.97% higher at $6.17.

Among the major losers in trading today were Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), which ended the day 35.71% lower at $10.30, Procter & Gamble Company (NYSE: PG), which ended the day 3.63% lower at $64.44, and Deckers Outdoor Corp. (NASDAQ: DECK), which ended the day 25.38% lower at $51.83.

European markets rose in trading today, with all major indexes in the region finishing higher. Asian markets ended mostly lower overnight.

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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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