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.