Stock Market Watch

Stocks Finish on a Mixed Note; Post Loss for the Week

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Stocks eased in late trading on Friday to finish on a mixed note as initial optimism over reports that Spain is working out terms of a bailout faded. All three major indexes posted a loss for the week.

The Dow Jones ended the day 0.13% lower at 13,579.47, the S&P 500 ended the day 0.01% lower at 1,460.15, and the Nasdaq ended the day 0.13% higher at 3,179.96.

For the week, the Dow Jones fell 0.10%, the S&P 500 fell 0.38%, and the Nasdaq fell 0.13%.

On Friday, stocks got off to a strong start after the Financial Times reported that EU authorizes are working on a bailout program for Spain, which is likely to be unveiled next week. The report sent European stocks higher on Friday, with the EURO STOXX 50 Index ending the day 0.94% higher. Asian markets also ended the day in green, with the Nikkei 225 Index in Japan closing 0.25% higher an the Hang Seng Index in Hong Kong closing 0.70% higher.

In the U.S., Healthcare sector was the best performer in the S&P 500 in trading on Friday. The sector ended the day 0.48% higher. Energy sector also rose sharply on Friday, ending the day 0.32% higher. Industrials rose 0.13%, while Financials rose 0.11%. Transportation sector was the worst performer in the S&P 500 on Friday, ending the day 0.80% lower. Basic Materials sector ended the day 0.29% lower.

Among the major gainers and losers in trading on Friday were KB Home (NYSE: KBH), which ended the day 16.40% higher at $15.26, VIVUS Inc. (NASDAQ: VVUS), which ended the day 11.47% lower at $21, Apple Inc. (NASDAQ: AAPL), which ended the day 0.20% higher at $700.09, Cooper Tire & Rubber Company (NYSE: CTB), which ended the day 9.32% lower at $19.94, and Darden Restaurants Inc. (NYSE: DRI), which ended the day 4.55% higher at $57.21.

 

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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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