27.03.2015 21:15:11

Major Averages End Choppy Trading Day In Positive Territory

(RTTNews) - Stocks fluctuated throughout much of the trading session on Friday but managed to end the day on the upside due to some late-day buying interest. The gains on the day partly offset the losses posted in the four previous sessions.

After turning in some of the market's worst performances over the past week, semiconductor and biotechnology stocks showed strong moves back to the upside on the day.

The Philadelphia Semiconductor Index and the NYSE Arca Biotechnology Index surged up by 2.8 percent and 2.6 percent, respectively, although both remain well off their recent highs.

Considerable strength was also visible among airline stocks, as reflected by the 2.2 percent gain posted by the NYSE Arca Airline Index. JetBlue (JBLU), Spirit Airlines (SAVE) and United Continental (UAL) posted standout gains.

Tobacco, housing, and healthcare stocks also moved notably higher on the day, while significant weakness was visible among steel, electronic storage, and energy stocks.

The major averages ended the day in positive territory, breaking their recent losing streak. The Dow rose 34.43 points or 0.2 percent to 17,712.66, the Nasdaq climbed 27.86 points or 0.6 percent to 4,891.22 and the S&P 500 edged up 4.87 points or 0.2 percent to 2,061.02.

Despite the gains on the day, however, the major averages all moved notably lower for the week. The Nasdaq plunged by 2.7 percent, while the Dow and the S&P 500 tumbled by 2.3 percent and 2.2 percent, respectively.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!