DJIA Down Slightly; S&P, Nasdaq Continue Rebound Week

Jacob Harper |

The DJIA dipped slightly while the Nasdaq and S&P rose, marking a rebound from the prior week’s tech and bio sell-off. The rise is of special importance to the S&P, which briefly touched 1,870 before paring back slightly. As of the conclusion of Thursday’s action, the S&P is up 45 points on the week, notching its best week since July 2013.

International Business Machines ($IBM) and Unitedhealth Group (UNH) pulled the Dow into the red, with both companies shedding over 3 percent on heavy volume, countering DJIA compatriot General Electric’s (GE) 1.68 percent uptick.

However, SanDisk Corp.’s (SNDK) led a broad recovery for tech with exceptional earnings, gaining 9.41 percent. Competitor Micron Technologies (MU) followed suit, gaining 6.36 percent. Netflix Inc. (NFLX) was also well in the black on the day, rising 4.32 percent



Results for April 17, 2014

  • Standard & Poor’s 500: +0.14 percent to 1,864.85 points
  • Dow Jones Industrial Average: -0.10 percent to 16,409 points
  • NASDAQ Exchange: +0.24 percent to 4,096 points

Our Top Stories

Stocks

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
UNH UnitedHealth Group Incorporated (DE) 165.00 -0.29 -0.18 5,243,877 Trade
GE General Electric Co 29.72 0.10 0.34 27,880,234 Trade
SNDK SanDisk Corp. n/a n/a n/a 0 Trade
GOOG Alphabet Inc. 814.43 -3.15 -0.39 1,981,006 Trade
NFLX Netflix Inc. 142.02 0.18 0.13 3,546,599 Trade
MU Micron Technology Inc. 28.43 1.96 7.40 107,481,789 Trade
MALJF Magellan Aerospace Corp 14.28 0.14 0.96 200

Comments

Emerging Growth

Enertopia Corp

Enertopia Corp is engaged in the exploration of lithium in Nevada, USA. The Company's project includes Central Nevada Lithium Brine Projects.

Private Markets

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…