| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Investing.com Weekly Wrap-Up 25 September 2015
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.
Source: http://econintersect.com/b2evolution/blog3.php/2015/09/25/investing-com-weekly-wrap-up-25-september-2015
