Markets End the Day Down After a Promising Afternoon

Markets closed down today after a mid-morning rally put all three major exchanges in the black. At the very end of the trading day, the floor fell out and all of the gains turned to losses. The Dow closed down slightly at 18,105.77, losing -6.84 points on the day. The NASDAQ and S&P 500 followed suit, and ended the day losing -3.23 and -1.64 points respectively. In overseas markets, Hong Kong's Hang Seng put on a modest 120 points while Germany's DAX lost -230.

Netflix Has A Breakout Day After Excellent Q1 Earnings Report.  Share prices surged for Netflix (NFLX) today, after announcing that their Q1 earnings would beat expectations. Their subscriber base grew both overseas and at home, and higher profits followed.
In trading today, Netflix stock grew by more than 18%, adding 86.59 points to close at a record high of $562.05. The big gains and solid earnings reports earned Netflix an upgrade from nearly all of the major financial analysts watching the tech sector.

UnitedHealth Bounces Back, Other Health Care Providers Follow Suit.  After an uncharacteristically hard day yesterday, health services companies were back on the upswing. UnitedHealth (UNH) rose 4.28 points to close the day at $121.60 per share. Cigna (CI) was up 2.58 points to close at $132.80. Aetna (AET) shares climbed 3.35 points to close at $109.43. Anthem (ANTM) recovered from yesterday's 2% fall to add 3.63 points and close the day's trading at $154.93 per share.

Phillip Morris Issues Smoking Q1 Earnings Report.  For an industry that has had public sentiment turn against it for more than a decade, the management at Philip Morris (PM) is making the best of a tough situation. Earnings are up even as new smokers are down, and the company is a textbook example of how to manage and diversify when your company can count on less year to year customers. In trading today, Philip Morris rose 6.83 points and closed at $84.96.

ADT Drops As Customers Feeling More Secure.  Home security and monitoring company ADT (ADT) saw its stock price fall by 3.54% today on the news that new enrollments are down. The company is a strong performer in its market segment, and indeed leads the American home security industry as a whole in capitalization. ADT lost -1.51 points in trading today, and closed at $41.10 per share.

Natural Gas Up $0.20 On The Week Despite Falling Trend.  In a spot of good news for American energy producers, natural gas prices seem to be following crude oil's lead in a price rebound. The futures price of 1 million BTUs of natural gas rose by just over $0.07 today, despite heading into reduced summertime demand. Natural gas futures closed regular trading at $2.68 per million BTUs.
Published on Apr 16, 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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