Stock Market Watch

Stocks End on a Mixed Note

by ·


Stocks ended on a mixed note in trading on Wednesday, with the Dow Jones and the S&P 500 finishing the day in red. The Nasdaq ended the day marginally higher. All three indexes had edged higher initially as market sentiment was lifted by better than expected results from Apple Inc. (NASDAQ: AAPL). However, stocks failed to hold on to their gains as robust housing market data sparked concerns over the longevity of Federal Reserve’s bond buying program.

The Dow Jones ended the day 0.16% lower at 15,542.24, the S&P 500 ended the day 0.38% lower at 1,685.94, and the Nasdaq ended the day 0.01% higher at 3,579.60.

All sectors in the S&P 500 except Technology ended the day in red. Basic Materials sector led the losses, ending the day 1.65% lower. Utilities also fell sharply, ending the day 1.38% lower. Telecom sector ended the day 1.34% lower. Energy sector ended the day 0.96% lower. Technology sector finished 0.72% higher.

Among the major movers on Wednesday included Apple, which ended the day 5.16% higher at $440.61, Panera Bread Co. (NASDAQ: PNRA), which ended the day 6.81% lower at $169.62, and Hanesbrands Inc. (NYSE: HBI), which ended the day 7.91% higher at $57.58.

On the economic front, a report from the Commerce Department showed that new home sales rose 8.30% in June.

European markets ended mostly higher on Wednesday, with the FTSE 100 Index in London closing 0.35% higher, and the CAC 40 Index in Paris closing 1.01% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.32% lower, and the Hang Seng Index in Hong Kong closing 0.24% higher.








More Posts by this author

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.

Tags:

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.

You may also like...