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) 159.40 2.08 1.32 4,552,337
GE General Electric Co 31.60 0.43 1.38 32,896,981
SNDK SanDisk Corp. n/a n/a n/a 0
GOOG Alphabet Inc. 771.19 12.08 1.59 1,760,701
NFLX Netflix Inc. 125.39 0.82 0.66 8,203,619
MU Micron Technology Inc. 20.44 1.38 7.24 44,734,127
MALJF Magellan Aerospace Corp 14.43 0.00 0.00 75

Comments

Emerging Growth

Altair Resources Inc.

Altair Resources Inc, formerly Altair Gold Inc acquires, explores and develops mineral properties in Canada. The Company is in the process of exploring its mineral properties.

Private Markets

Uber

Uber connects riders with safe, reliable, convenient transportation providers at a variety of price-points in cities around the world. Uber makes money from charging their drivers 20% of the fare…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…