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

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Companies

Symbol Name Price Change % Volume
UNH UnitedHealth Group Incorporated (DE) 174.88 0.25 0.14 2,010,757 Trade
GE General Electric Co 28.99 -0.09 -0.31 24,079,191 Trade
SNDK SanDisk Corp. n/a n/a n/a 0 Trade
GOOG Alphabet Inc. 905.96 31.71 3.63 3,276,255 Trade
NFLX Netflix Inc. 152.20 -0.88 -0.57 6,366,247 Trade
MU Micron Technology Inc. 27.67 0.04 0.14 28,105,074 Trade
MALJF Magellan Aerospace Corp 15.09 -0.09 -0.58 1,600

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