Online:
Visits:
Stories:
Profile image
By Global Economic Intersection
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Investing.com Weekly Wrap-Up 25 September 2015

Friday, September 25, 2015 16:04
% of readers think this story is Fact. Add your two cents.

(Before It's News)

U.S. stocks mixed as Nike boosts Dow, biotech’s weigh on NASDAQ, S&P 500

by Investing.com Staff, Investing.com

U.S. stocks were mixed on Friday ending a bearish week, as investors digested hawkish comments from Janet Yellen suggesting that it is likely the Federal Reserve will raise short-term interest rates before the end of the year.

The Dow Jones Industrial Average still closed higher for the session, after receiving a much-needed boost from Nike Inc (NYSE:NKE). One day after crushing analysts’ expectations for its first quarter earnings, the global apparel giant surged nearly 9% on Friday to reach a fresh all-time high at 125.94. The NASDAQ Composite index and theS&P 500 Composite index, however, both closed lower amid a weak performance among biotech stocks. The Dow gained 113.35 or 0.7% to close at 16,314.67, while the NASDAQ fell 47.98 or 1.01% to end the week at 4,686.50. The NASDAQ Biotechnology exchange-traded fund slumped nearly 5% on the day, suffering one of its worst one-day declines since April, 2014.

Read more »



Source: http://econintersect.com/b2evolution/blog3.php/2015/09/25/investing-com-weekly-wrap-up-25-september-2015

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.