Another 65 Point Gain for the Dow Leaves Investors Shrugging

The stock market continued to slowly recover today, with the Dow gaining 65.06 points to close at 17,763.24. The Dow is still hundreds of points below the 18,000 ceiling that it hit last week, and there was no sign during trading this week that it would come close to approaching it. The NASDAQ lagged both the S&P 500 and the Dow, gaining only 6.71 points to close at 4,886.94. The S&P 500 was up 7.27 points to 2,066.96. In overseas trading markets were mixed.  Japan's Nikkei, Hong Kong's Hang Seng, and London's FTSE all rose, while Germany's DAX fell.

Entertainment Stocks Up On Higher Than Expected Profits.  As the winter television season comes to an end and earnings reports begin to come together, the news is good for American television providers.
Fox Networks (FOXA) gained 1.37% on the day, to close at $34.04 per share. Time Warner Cable (TWC), which is also in the midst of merger arrangements with Comcast (CMCSA) gained 3.00 points on the day and ended trading at $154.81. Dish Network (DISH) has been doing everything in its power to modernize, including launching a streaming service and set-top box, saw share prices rise by 1.23 points today, closing at $70.96.

Wynn Resorts Gains Ground Because Of Increased Gambling.  Popular destination resort chain Wynn Resorts (WYNN) has seen profits rise this past quarter primarily because of increased gambling. The resort chain gained 3.87 points today when it announced higher than expected profits, and closed the day's trading at $129.40 per share. Increased gambling is one of the surefire signs of a recovering consumer economy. Is Slowly Recovering, Best Years May Be Behind It.  Online job-placement firm (MWW) has been struggling hard in recent years. Monster is nearly at all-time lows and struggling to make up ground. Stock prices have fallen from as high as $91 in its heyday, but closed out the day at $6.34 per share. The good news -- if there is any -- is that is up 37% YTD and performed better than expected in this last quarter.

Airlines Continue To Lose Market Share And Revenue.  It's been a hard decade for airlines, and even with falling fuel prices things don't seem to be getting any better. In trading today, American Airlines (AAL) -1.27 points, or 2.5%, to close at $49.18 per share. United Continental (UAL)  hasn't fared much better, dropping -2.13 points today and over 7% YTD. Delta Airlines (DAL) is one of the hardest hit, with stock prices down 14% YTD, including a -1.01 point loss today which brought share prices down to $42.25.
Published on Apr 3, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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