Stocks End Higher
Stocks ended higher in trading today, with all three major indexes finishing in green. Stocks rose as investors digested better than expected ISM non-manufacturing data and a solid jobs report for the month of December.
The Dow Jones ended the day 0.33% higher at 13,435.21, the S&P 500 ended the day 0.49% higher at 1,466.47, and the Nasdaq ended the day 0.04% higher at 3,101.66.
For the week, the Dow Jones rose 3.84%, the S&P 500 rose 4.57%, and the Nasdaq rose 4.76%.
Transportation sector led the gains in the S&P 500 in trading today, ending the day 1.08% higher. Financials also rose sharply, ending the day 1.01% higher. Energy sector ended the day 0.94% higher, while Basic Materials sector ended the day 0.68% higher. Industrials rose 0.56%. Technology was the only sector to end the day in red. The sector ended the day 0.63% lower.
Among the major movers in trading today were Apple Inc. (NASDAQ: AAPL), which ended the day 2.78% lower at $527, Finish Line Inc. (NASDAQ: FINL), which ended the day 2.78% lower at 8.30% lower at $17.46, Mosaic Co. (NYSE: MOS), which ended the day 3.26% higher at $58.62, Progress Software Corp. (NASDAQ: PRGS), which ended the day 5.41% higher at $22.02, and Facebook Inc. (NASDAQ: FB), which ended the day 3.56% higher at $28.76.
On the economic front, a report from the Labor Department showed that the U.S. economy added 155,000 jobs in December, which was roughly in-line with expectations. Meanwhile, a report from ISM showed that the services sector grew at the fastest pace in 10 months in December.
European markets ended mostly higher earlier today, with the FTSE 100 Index in London closing 0.70% higher, and the CAC 40 Index in Paris closing 0.24% higher. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 2.82% higher, and the Hang Seng Index in Hong Kong closing 0.29% lower.