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) 158.70 0.96 0.61 4,944,353
GE General Electric Co 31.21 -0.02 -0.06 37,590,243
SNDK SanDisk Corp. n/a n/a n/a 0
GOOG Alphabet Inc. 802.18 -3.90 -0.48 911,979
NFLX Netflix Inc. 138.41 5.15 3.86 23,165,382
MU Micron Technology Inc. 21.71 -0.61 -2.73 31,235,768
MALJF Magellan Aerospace Corp 12.73 0.06 0.45 3,000

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…