Stocks End Lower

Stocks slipped in trading on Monday, with all three major indexes finishing the day in red, as initial enthusiasm over Cyprus’s last-minute bailout deal faded.

The Dow Jones ended the day 0.44% lower at 14,447.75, the S&P 500 ended the day 0.33% lower at 1,551.69, and the Nasdaq ended the day 0.30% lower at 3,235.30.

All sectors in the S&P 500 ended the day in red. Basic Materials sector led the losses in the S&P 500, ending the day 0.83% lower. Conglomerates also fell sharply, ending the day 0.82% lower. Industrials fell 0.73%, while Transportation sector fell 0.67% lower.

Apollo Group Inc. (NASDAQ: APOL) shares rallied in trading on Monday after the company’s second-quarter earnings beat consensus forecast. The stock ended the day 7.10% higher at $18.25.

Dollar General Corp. (NYSE: DG) shares also edged higher after the company reported better than expected quarterly profit. The stock rose to an intra-day high of $52.91 before paring some of the gains to finish the day 2.02% higher at $51.08.

Other major movers on Monday included Dell Inc. (NASDAQ: DELL), which ended the day 2.62% higher at $14.51, Vanguard Health Systems Inc. (NYSE: VHS), which ended the day 6.44% lower at $15.55, and Veeco Instruments Inc. (NASDAQ: VECO), which ended the day 8.50% higher at $37.93.

European markets ended mostly lower on Monday, with the FTSE 100 Index in London closing 0.22% lower, and the CAC 40 Index in Paris closing 1.12% lower. Asian markets rose overnight, with the Nikkei 225 Index in Japan closing 1.69% higher, and the Hang Seng Index in Hong Kong closing 0.61% higher.

edliston

edliston

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.