After being hammered last month, markets finished the week out
with huge gains. The Dow is the biggest winner, up more than
three percent for the week.
The Dow rose 75.42 points, or 0.49 percent to close at
15,376.06. The S&P 500 added 4.57 points, or 0.27 percent to
close at 1,687.99. The Nasdaq gained 6.21 points, or 0.17 percent
to finish the day at 3,722.18. The Russell 3000 rose 1.66 points,
or 0.17 percent to end at 1,010.31.
After the closing bell yesterday Twitter announced its plans
for an IPO.
We've confidentially submitted an S-1 to the SEC for a planned
IPO. This Tweet does not constitute an offer of any securities
- Twitter (@twitter)
September 12, 2013
) investors were a little frightened as their shares were down
1.14 percent heading into the close.
University of Michigan consumer sentiment came out Friday
morning at 76.8. This is a huge disappointment; analysts were
expecting 82 and the previous reading was 82.1. The advanced
retail sales metric was also a big disappointment. Leading
economists expected the August's growth to be 0.5 percent,
compared to the actual 0.2 percent.
Likewise, July saw 0.2 percent growth. Stock Movers Ulta Salon
) shot up, gaining 17.37 percent to $117.53, after the company
reported upbeat results.
United Natural Foods (NASDAQ:
) was also up 12.94 percent to $67.73, after the company reported
a 28% rise in its fiscal fourth quarter.
) was up as well, gaining 28.42 percent to $39.13 after the
company got a gleaming report from Deutsche Bank this morning
saying shares were worth $52.
Avanir Pharmaceuticals (NASDAQ:
) was down 18.24 percent to $4.08 after Gravity Research took aim
at the company on Wednesday while analyst defences of the company
yesterday did little for its shares on today's session.
) was down 5.83 percent to $92.09 after the company priced 4.5
million shares of ordinary shares at $92.09 per share.
After sliding down yesterday,
oil was mostly unchanged
for the day. Brent added 0.13 percent to $112.78 and WTI fell
0.25 percent to $108.33. Natural gas made a bigger swing, rising
1.15 percent to $3.68.
Precious metals continued their downward spin today with gold
futures down 0.99 percent to $1,317.40. Silver futures sold off
0.27 percent to $22.09.
The United States dollar was mostly unchanged for the day with
the PowerShares ETF (NYSE:
) that tracks the dollar versus a basket of foreign currencies
down 0.09 percent. The closely watched EUR/USD pair was up 0.03
percent to $1.3303. Although currencies were largely unchanged
for the day, other significant movers include the GBP/USD couple
which rose 0.44 percent, and the AUD/JPY pair which dropped 0.54
Volume and Volatility
Volume was especially light today as Yom Kippur begins at
sundown. Only 60 million shares of the SPDR S&P 500 ETF
) traded hands today, compared to the three month average of 125
million. The CBOE measure of volatility (VIX) was up 0.63 percent
heading into the final bell. The metric is down almost ten
percent for the week.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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