Stocks End Higher
Stocks ended higher in trading today, with all three major indexes finishing the day in green. Investors’ sentiment was lifted by some strong corporate earnings reports and better than expected U.S. trade data.
The Dow Jones ended the day 0.35% higher 13,992.97, the S&P 500 ended the day 0.57% higher at 1,517.93, and the Nasdaq ended the day 0.91% higher at 3,193.87. For the week, the Dow Jones fell 0.12%, its first weekly loss in 2013. The S&P 500 rose 0.31% for the week, while the Nasdaq rose 0.46% for the week.
All sectors in the S&P 500 except Consumer Non-Cyclical ended the day in green. Technology sector led the gains in the S&P 500 in trading today, ending the day 0.83% higher. Healthcare sector also rose sharply in trading today, ending the day 0.68% higher. Basic Materials sector ended the day 0.40% higher. Industrials ended the day 0.46% higher. Consumer Non-Cyclical sector finished the day 0.10% lower.
Among the major movers in trading today were LinkedIn Corp. (NYSE: LNKD), which ended the day 21.27% higher at $150.48, Zynga Inc. (NASDAQ: ZNGA), which ended the day 11% higher at $3.43, Nuance Communications Inc. (NASDAQ: NUAN), which ended the day 18.53% lower at $20, Riverbed Technology Inc. (NASDAQ: RVBD), which ended the day 17.61% lower at $16.56, and Caesars Entertainment Corp. (NASDAQ: CZR),which ended the day 38.13% higher at $13.91.
On the economic front, a report released by the Commerce Department showed that U.S. trade deficit narrowed more than forecast in December. A separate report from the Commerce Department showed that wholesale inventories fell to a seasonally adjusted $497.65 billion in December.
European markets ended mostly higher earlier today, with the EURO STOXX 50 Index closing 1.25% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 1.80% lower, and the Hang Seng Index in Hong Kong closing 0.16% higher.