Markets in the US were down across the board today, on the decline after the exchange found a ceiling at record levels. The Dow lost -81.72 points on the day, falling to 18,132.70. The S&P 500 shed -6.24 points to close at 2,104.50, while the NASDAQ lost -24.36 and closed the day trading at 4,963.53. Overseas trading was mixed today, with Germany’s DAX posting 75 point gains and the Heng Seng in Hong Kong losing 70.
Monster Beverage Announces Huge Profits. Energy drink maker Monster Beverage (MNST) shot up 16.25 points today, leading the market in gains. The stock rose on news of massive Q4 profits, which shot well past the company’s forecast. Monster Beverage gained 13.19% on the day, and finished trading at 141.19 per share.
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.