Stocks ended higher in trading today, with the S&P 500 moving close to 1,500 level. Stocks gained as investors cheered some better than expected earnings reports.
Technology sector led the gains in the S&P 500, ending the day 0.57% higher. The tech sector was lifted by Google Inc. (NASDAQ: GOOG) and International Business Machines Corp. (NYSE: IBM), which posted better than expected quarterly results. Tech sector ended the day 0.57% higher. Services sector also rose sharply today, ending the day 0.51% higher. Consumer Cyclical sector was the worst performer in the S&P 500 today, ending the day 1.90% lower. Basic Materials sector ended the day 0.62% lower. Energy sector also fell today, ending the day 0.38% lower.
Among the major movers in trading today were Google, which ended the day 5.50% higher at $741.50, IBM, which ended the day 4.41% higher at $204.72, Apple Inc. (NASDAQ: AAPL), which ended the day 1.86% higher at $514.17, Advanced Micro Devices Inc. (NYSE: AMD), which ended the day 11.43% higher at $2.73, Coach Inc. (NYSE: COH), which ended the day 16.36% lower at $50.75, Molycorp Inc. (NYSE: MCP), which ended the day 10.76% lower at $7.88, and Cree Inc. (NASDAQ: CREE), which ended the day 22.05% higher at $40.85.
European markets ended on a mixed note earlier in the day, with the FTSE 100 Index in London closing 0.30% higher, and the CAC 40 Index in Paris closing 0.40% lower. Asian markets ended mostly lower overnight, with the Nikkei 225 Index in Japan closing 2.08% lower, and the Hang Seng Index in Hong Kong closing 0.10% lower.
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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.