Stock Market Watch

Stocks End on a Mixed Note

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Stocks ended on a mixed note on Friday even as digested some solid earnings reports and stronger than expected euro zone economic data.

The Dow Jones ended the day 0.50% higher at 13,029.26, the S&P 500 ended the day 0.12% higher at 1,378.53, and the Nasdaq ended the day 0.24% lower at 3,000.45. For the week ended April 20, the Dow Jones rose 1.4%, the S&P 500 rose 0.6%, and the Nasdaq fell 0.36%.


Conglomerates led the gains in the S&P 500 on Friday, ending the day 1.08% higher. Consumer Non-Cyclical stocks ended the day 0.80% higher, while Healthcare stocks ended the day 0.75% higher. Industrials rose 0.98%. Energy stocks ended 0.03% higher, while Basic Materials stocks ended 0.36% higher. Financials ended the day 0.08% lower.

Among the major gainers and losers in trading on Friday were Microsoft Corporation (NASDAQ: MSFT), which ended the day 4.55% higher at $32.42, Bank of America Corporation (NYSE: BAC), which ended the day 4.68% lower at $8.36, Riverbed Technology Inc. (NASDAQ: RVBD), which ended the day 28.75% lower at $19.85, A.O. Smith Corporation (NYSE: AOS), which ended the day 6.05% higher at $47.18, Tempur-Pedic International Inc. (NYSE: TPX), which ended the day 20.56% lower at $66.53, Valmont Industries Inc. (NYSE: VMI), which ended the day 5.97% higher at $125.40, and SanDisk Corporation (NASDAQ: SNDK), which ended the day 11.27% lower at $35.91.

European markets rose on Friday, with all major indexes in the region ending the day in green. The EURO STOXX 50 Index ended the day 1.16% higher. Earlier, Asian markets had ended on a mixed note.

Looking ahead to the next week, investors will get some important U.S. housing market and consumer confidence data on Tuesday. On Friday, the Commerce Department will release first-quarter GDP data.

 

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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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