Stocks End on a Mixed Note
Stocks fluctuated between gains and losses before finishing on a mixed note in a volatile trading session on Friday. Market sentiment, however, remains weighed down amid concerns over the Federal Reserve’s bond buying program. All three major indexes finished sharply lower for the week.
The Dow Jones ended the day 0.28% higher at 14,799.40, the S&P 500 ended the day 0.27% higher at 1,592.43, and the Nasdaq ended the day 0.22% lower at 3,357.25.
For the week, the Dow Jones fell 1.80%, the S&P 500 fell 2.10%, and the Nasdaq fell 1.94%.
Telecom stocks led the gains in the S&P 500 on Friday, ending the day 0.94% higher. Consumer Non-Cyclical sector also rose sharply, ending the day 0.88% higher. Technology sector was the worst performer in the S&P 500, ending the day 0.79% lower.
Among the major movers in trading on Friday were Oracle Corporation (NASDAQ: ORCL), which ended the day 9.26% lower at $30.14, Zynga Inc. (NASDAQ: ZNGA), which ended the day 5.08% lower at $2.71, Theravance Inc. (NASDAQ: THRX), which ended the day 10.18% higher at $37.60, OSI Systems Inc. (NASDAQ: OSIS), which ended the day 13.69% higher at $63.51, and Facebook Inc. (NASDAQ: FB), which ended the day 2.64% higher at $24.53.
European markets ended mostly lower on Friday, with the FTSE 100 Index in London closing 0.70% lower, and the CAC 40 Index in Paris closing 1.11% lower. Asian markets ended on a mixed note overnight, with the Nikkie 225 Index in Japan closing 1.66% higher, and the Hang Seng Index in Hong Kong closing 0.59% lower.