Stocks End on a Mixed Note
Stocks finished on a mixed note in a choppy trading session on Wednesday. However, the Dow Jones managed to snap a three-day losing streak. Stocks fluctuated between gains and losses throughout the day as some weak economic data and disappointing results from technology giant Apple Inc. (NASDAQ: AAPL) overshadowed some solid corporate earnings reports.
The Dow Jones ended the day 0.47% higher at 12,676.05, the S&P 500 ended the day 0.03% lower at 1,337.89, and the Nasdaq ended the day 0.31% lower at 2,854.24.
Technology sector led the losses in the S&P 500 in trading on Wednesday, ending the day 0.72% lower. Consumer Cyclical sector also fell sharply, ending 0.34% higher. Conglomerates and Healthcare sectors were the best performers in the S&P 500 on Wednesday. Conglomerates ended the day 0.55% higher, while Healthcare sector ended the day 0.68% higher.
Among the major gainers and losers in trading on Wednesday were Riverbed Technology Inc. (NASDAQ: RVBD), which ended the day 25.91% higher at $18.32, Apple, which ended the day 4.32% lower at $574.97, Symantec Corporation (NASDAQ: SYMC), which ended the day 13.55% higher at $14.96, Netflix Inc. (NASDAQ: NFLX), which ended the day 25.02% lower at $60.28, and Caterpillar Inc. (NYSE: CAT), which ended the day 1.44% higher at $82.60.
On the economic front, data released by the Commerce Department on Wednesday showed that new home sales fell 8.4% in the month of June to a seasonally adjusted 350,000 unit annual rate.
European markets ended mostly higher on Wednesday, with the EURO STOXX 50 Index closing 0.35% higher. European markets gained as concerns over the debt crisis eased a little after a European Central Bank official raised prospects of actions from the central bank that could boost the region’s bailout fund’s firepower. Asian markets ended mostly lower on Wednesday.
More Posts by this author
- Stocks End Sharply Higher on Comments from ECB President
- Gold Prices Settle Higher on Comments from ECB President; Silver Prices also Gain
- Stocks Headed for a Sharply Higher Finish
- Stocks in Green in Mid-Day Trading
- Agree Realty – ADC – Announces Goodyear Acquisition ; Results for the quarter
- Ballard – BLDP – Acquires IdaTech’s Backup Power System Product Lines, IP and Customer Base
- Hill-Rom Holdings – HRC – Acquires Aspen Surgical Products
 |
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.
|
