Stocks End Lower; Finish Higher for the Month
Stocks ended lower on the final day of the month, with all three major indexes finishing the day in red. Stocks slipped after investors’ sentiment was weighed down by some disappointing corporate earnings reports and mixed economic data. All three major indexes, however, finished sharply higher for the month.
The Dow Jones ended the day 0.36% lower at 13,860.58, the S&P 500 ended the day 0.26% lower at 1,498.11, and the Nasdaq ended the day 0.01% lower at 3,142.13. For the month, the Dow Jones rose 5.15%, the S&P 500 rose 4.80%, and the Nasdaq 4.44% higher.
Consumer Non-Cyclical sector led the losses in the S&P 500 in trading today, ending the day 0.93% lower. Energy sector also fell sharply, ending the day 0.63% lower. Industrials ended the day 0.40% lower, while Conglomerates ended the day 0.33% lower. Utilities were the best performers in the S&P 500 today, ending the day 0.30% higher.
Among the major movers in trading today were Facebook Inc. (NASDAQ: FB), which ended the day 0.83% lower at $30.98, Dow Chemical Company (NYSE: DOW), which ended the day 6.96% lower at $32.20, United Parcel Service Inc. (NYSE: UPS), which ended the day 2.39% lower at $79.29, Research In Motion Limited (NASDAQ: RIMM), which ended the day 5.81% lower at $12.98, JDS Uniphase Corp. (NASDAQ: JDSU), which ended the day 17.02% higher at $14.51,WMS Industries Inc. (NYSE: WMS), which ended the day 51.19% higher at $24.75, and Las Vegas Sands Corp. (NYSE: LVS), which ended the day 7.16% higher at $55.25.
European markets ended mostly lower earlier in the day, with the EURO STOXX 50 Index closing 1.07% lower. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan gaining 0.22%, and the Hang Seng Index in Hong Kong falling 0.39%.