Markets End Their Stall In A Dive, Dow Loses 80 Points
Monster Beverage Announces Huge Profits. Energy drink maker Monster Beverage (MNST) shot up 16.25 points today, leading the market in gains.
Coca-Cola Breaks A Slump. Coca-Cola (KO) showed signs of breaking out of a losing streak today, turning around what had been a stagnant week in order to post 3% gains. Coke shot up 2% today alone, gaining 0.84 points to close at 43.30. Investors are still cautious, but they're calling the stock “within arms' reach of desire,”
Kohl's, Gap Rise While JC Penney Falls On Debt. Retail had a strong day today, with the sector as a whole posting 6.4% growth. Clothing chains Gap (GPS) and JC Penney (JCP) stood out for different reasons today. Although both companies posted strong sales, JC Penney has taken on more debt to stay afloat this past year. Gap (GPS) gained 3% today, adding .123 points to close the day at 41.60. JC Penney (JCP) dropped -0.62 points, or 6.80%, to finish trading at 8.50. The department store chain Kohl's (KSS) also made 3% gains on the day, adding 2.11 points to end the day's trading at 73.80 per share.
Energy Companies And Airlines Lead The Day In Losses. It was a hard day for both energy companies and airlines today, with both segments dragging down the Dow as a whole. The energy sector lost 6.80% on the day, and the transportation sector saw essentially flat growth, gaining just 0.54%. Southwestern Energy (SWN) lost almost 5% on the day, which saw stock prices fall -1.27 points to close at 25.08. NRG Energy (NRG) and Chesapeake Energy (CHK) both saw share prices fall about 3%, and Cimarex (XEC) lost -2.67% over the course of the day.
Every major US airline was down today. Delta Airlines (DAL) lost ground today, dropping -1.40 points to close at 44.52. American Airlines (AAL) and United Continental (UAL) also fell today, with American Airlines losing -1.45 points and United dropping -2.24. Meanwhile, FedEx was a bright spot in the sector, gaining 2.38 points, or 1.36%, to close the day trading for 176.98 per share.
Published on Feb 27, 2015By Aaron Phillips