Stocks End Sharply Higher


Stocks ended sharply higher in trading on Friday, following two straight days of losses, even as the government shutdown continued and there were no signs of a budget deal in Washington DC. However, the Dow Jones and the S&P 500 still posted losses for the week.

The Dow Jones ended the day 0.51% higher at 15,072.58, the S&P 500 ended the day 0.71% higher at 1,690.50, and the Nasdaq ended the day 0.89% higher at 3,807.75. For the week, the Dow Jones fell 1.67%, the S&P 500 fell 0.48%, and the Nasdaq gained 0.54%. The Nasdaq has now posted five consecutive weekly gains.

All sectors in the S&P 500 ended the day sharply higher. Basic Materials sector led the gains in the S&P 500 on Friday, ending the day 0.84% higher. Energy sector ended the day 0.68% higher. Financials ended the day 0.74% higher.

Among the major movers on Friday included Potbelly Corp. (NASDAQ: PBPB), which ended the day 119.79% higher at $30.77, Discovery Laboratories Inc. (NASDAQ: DSCO), which ended the day 37.06% higher at $2.70, and Outerwall Inc. (NASDAQ: OUTR), which ended the day 9.43% higher at $57.10.

The nonfarm payrolls data for September was not released on Friday due to the government shutdown.

European markets ended mostly higher on Friday, with the FTSE 100 Index in London closing 0.08% higher, and the CAC 40 Index in Paris closing 0.88% higher. Asian markets ended on a mixed note overnight, with the Shanghai Composite Index closing 0.68% higher, and the Hang Seng Index in Hong Kong closing 0.33% lower.








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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.

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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