Stock Market Watch

Stocks End Higher; S&P 500 Closes at Yet Another Record High

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Stocks ended higher in trading on Friday, with the S&P 500 closing at yet another record high, as some strong corporate earnings report and speculation that the Federal Reserve will continue with its bond purchases at the same pace until next year lifted market sentiment. Investors’ sentiment was also lifted by strong third-quarter GDP data from China.

The Dow Jones ended the day 0.18% higher at 15,399.65, the S&P 500 ended the day 0.65% higher at 1,744.50, and the Nasdaq ended the day 1.32% higher at 3,914.28. For the week, the Dow Jones rose 1.07%, the S&P 500 rose 2.41%, and the Nasdaq rose 3.23%.

All sectors in the S&P 500 except Healthcare ended the day in green. The gains were led by Technology sector, which ended the day 2.10% higher. Industrials ended the day 1.01% higher. Basic Materials sector rose 0.22%, while Energy sector rose 0.76%. Healthcare sector ended the day 0.24% lower.

Among the major movers on Friday included Align Technology Inc. (NASDAQ: ALGN), which ended the day 26.24% higher at $57.99, Google Inc. (NASDAQ: GOOG), which ended the day 13.90% higher at $1,012.32, and Morgan Stanley (NYSE: MS), which ended the day 2.63% higher at $29.69.

European markets ended mostly higher on Friday, with the FTSE 100 Index in London closing 0.71% higher, and the CAC 40 Index in Paris closing 1.09% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.17% lower, and the Hang Seng Index in Hong Kong closing 1.06% 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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