Stock Market Watch

Stocks End Lower

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Stocks ended lower in trading on Friday amid ongoing concerns over the Federal Reserve’s bond buying program. Stocks also struggled as investors digested some mixed economic data. All three major indexes also fell for the week.

The Dow Jones ended the day 0.70% lower at 15,070.18, the S&P 500 ended the day 0.59% lower at 1,626.73, and the Nasdaq ended the day 0.63% lower at 3,423.56. For the week, the Dow Jones fell 1.16%, the S&P 500 fell 1.01%, and the Nasdaq fell 1.32%.

Financials were the worst performers in the S&P 500 on Friday, ending the day 1.16% lower. Energy sector ended the day 1.05% lower, while Basic Materials sector ended the day 0.92% lower. Technology sector ended the day 0.80% lower. Utilities ended the day 0.04% higher.

Among the major movers on Friday were Smith & Wesson Holding Corporation (NASDAQ: SWHC), which ended the day 5.16% higher at $9.78, Restoration Hardware Holdings Inc. (NYSE: RH), which ended the day 16.13% higher at $68.47, and Myriad Genetics Inc. (NASDAQ: MYGN), which ended the day 13.81% lower at $27.59.

On the economic front, the preliminary reading on Thomson Reuters/University of Michigan’s consumer sentiment index for the month of June came in at 82.7. A report from the Labor Department, meanwhile, showed that producer prices rose 0.5% in May. The Commerce Department reported that the U.S. current account deficit widened in the first quarter of 2013 to $106.1 billion.

European markets ended mostly higher on Friday, with the FTSE 100 Index in London closing 0.06% higher, and the CAC 40 Index in Paris closing 0.19% higher. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 1.94% higher, and the Hang Seng Index in Hong Kong closing 0.39% 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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