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Dow Falls 95.08 After a Mixed Day of Trading

By: , dated February 9th, 2015

The Dow finished the day down -0.55%, closing out at 17,729.21 after a mixed day of trading. The NASDAQ fell -0.39% to end the day at 4,726.01, and the S&P 500 dropped -0.42% to close at 2,046.74. In overseas trading, Japan's Nikkei continued a streak of gains, adding on another 0.36% to close at 17,711.93 after a 5 day stretch that has seen the market grow by 0.88%. German's DAX dropped -1.69% after taking an early dive that the market never recovered from.

Tech Sector Looking Up By now everyone has heard about Apple's (AAPL) amazing Q4 earnings report, but the rest of the tech sector is continuing to strengthen as well. Peripherals manufacturer Logitech (LOGI) gained 0.95% today to close at 14.82, up 10.20% YTD. iCAD Inc (ICAD) closed the day with a 6.26% gain, adding to a 5-day trend that boosted their share price 21.00% to 9.68. Tech manufacturers Resonant Inc (RESN) added 9.09% to close at 17.16, Multi-Fineline Elextronix (MFX) gained 9.90% to finish at 15.10, and VSE Corp (VSEC) was up 4.25% to 79.03.

Retail Trend Continues Positive Trend The retail trade sector is booming lately, on the backs of recovering US consumers. Amazon (AMZN) settled down -0.99% in trading today -- finishing at 370.59 -- but they're still having a great YTD with share prices up 19.41%. Fellow online retailer US Auto Parts Network (PRTS) was up 3.27%. Brick and mortar furniture, electronics, and appliance chain Conn's Inc (CONN) finished the day up 8.45%, extending a 5-day trend that has seen stock prices jump 55.05% to 24.39 per share.

Energy Sector Leads Losses, Drags Market Down The price of oil is recovering slightly, but the US energy sector -- which grew up around $70+ crude -- is still struggling hard. Coal is the one bright spot, with American producers seeing consistent profits across the board. Alpha Natural Resources (ANR) and Cloud Peak Energy (CLD) both added 9.05% in trading today, to finish at 1.26 and 7.71 respectively. Coal giant Alliance Holdings Group (AHGP) was up 0.30% to 55.94. Oil refiner MarkWest Energy Partners (MWE) dropped 3.75% to close at 58.84.

Currency and Commodities In trading today, the US Dollar strengthened slightly against the Chinese Yuan, while it lost ground against the Canadian and Australian Dollars, Mexican Peso, British Pound, and Japanese Yen. The Euro surged 1.42% against the US Dollar, making up ground that it had lost over the previous weeks. Oil futures closed essentially flat, losing -0.52% and falling slightly to $52.66 per barrel. The price of natural gas rose 0.81% to $2.62 per million BTUs, and gold lost -0.15% to finish the trading day at $1239.60 per troy ounce. The price of a gallon of unleaded gas rose 0.70% to $2.60 per gallon.

 

Aaron Phillips

is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns. Just recently, he's started covering the investment news beat for IG.

Copyrighted 2015. Content published with author's permission.

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