Stocks End on a Mixed Note

Stocks ended on a mixed note in trading today even as investors digested disappointing quarterly results from Apple Inc. (NASDAQ: AAPL). While Apple shares dragged the tech heavy Nasdaq lower, the Dow Jones managed to finish the day in green. The S&P 500 ended the day flat.

The Dow Jones ended the day 0.33% higher at 13,825.33, the S&P 500 ended the nearly flat at 1,494.82, and the Nasdaq ended the day 0.74% lower at 3,130.38.

All sectors in the S&P 500 except Basic Materials and Technology ended the day in green. The gains were led by Consumer Cyclical sector, which ended the day 1.18% higher. Transportation sector also rose sharply, ending the day 1.03% higher. Industrials rose 0.51%, while Conglomerates rose 0.68%. Technology sector was the worst performer in the S&P 500 today, ending the day 2.04% lower.

Among the major gainers and losers in trading today were Apple, which ended the day 12.35% lower at $450.50, Netflix Inc. (NASDAQ: NFLX), which ended the day 42.22% higher at $146.86, 3M Co.(NYSE: MMM), which ended the day 0.18% higher at $99.67, Cirrus Logic Inc. (NASDAQ: CRUS),which ended the day 10.82% lower at $26.71, Swift Transportation Co. (NYSE: SWFT), which ended the day 28.45% higher at $13.14, Nokia Corporation (ADR) (NYSE: NOK), which ended the day 8.19% lower at $4.26, and Amazon.com Inc. (NASDAQ: AMZN), which ended the day 2.06% higher at $273.62.

On the economic front, a report released by the Labor Department earlier today showed that initial jobless claims fell 5,000 to a seasonally adjusted 330,000 last week, the lowest level in almost five years.

European markets ended mostly higher earlier today, with the FTSE 100 Index in London closing 1.09% higher, and the CAC 40 Index in Paris closing 0.70% higher. Asian markets ended on a mixed note overnight.

 

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.