Dow Ends the Week at 17,850

Markets were mixed in trading today, with the tech-heavy NASDAQ managing to stay above water while the Dow and S&P 500 sank. The Dow lost 56.12 points, and it closed the week 150 points below the usual 18,000 floor at 17,849.56. The S&P 500 was down just 3 points, and closed at  2,092.83. The NASDAQ gained 9.33 points and ended the day at 5,068.46.

Overseas markets were mostly down, with the UK, Germany, and Hong Kong all off about a point. The Hang Seng lost 283 points today, and London's FTSE down 54. Germany's DAX lead the international markets in real losses, dropping 1.26% in trading today.
The DAX fell 142 points and closed the day at 11,197.15.

Microsoft (MSFT) and Apple (AAPL) Each Lose Half of a Point

Both tech giants were down in trading today, with Microsoft (MSFT) losing a little less of its value than Apple (AAPL). Microsoft dipped 0.46% in trading today, and lost 0.22 points to close at $46.14 per share. Apple lost 0.55% of its value, dropping 0.71 points to close the day's trading at $128.65 per share.

Under Armour (UA) Leads S&P 500 After Upgrade

Clothing and shoe manufacturer Under Armour (UA) lead the S&P 500 in gains briefly today, after being upgraded by analysts and investors at Davidson to ‘buy' from ‘neutral'. Shares of Under Armour shot up over 2% in the premarket, and the clothing manufacturer ended the day with 4.87% gains. Under Armour added 3.80 points to its share price, and closed today's trading at $81.84 per share.

GameStop (GME) Pays Out a 3.3% Dividend

Video game retailer -- and one of my favorite stock picks -- GameStop (GME) issued a 3.3% dividend today. The company has been having a hot year so far, with growth of over 30%. GameStop rose 0.27% in trading today, posting a 0.12 point gain to close at $44.14 per share. The retailer is expected to keep rising on strong sales, and has met or exceeded earnings expectations for the previous year.

Zumiez (ZUMZ) Down 20%, $10 Million Short on Guidance

Zumiez (ZUMZ), a sports equipment retailer based out of Washington, lowered their guidance today to reflect sales shortfalls. That spurred a selloff, where the company lost 20% of its value before trading was suspended on the stock. Zumiez was down by 19.30% today, losing 5.74 points to close the day at $24.00 per share.

Published on Jun 5, 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 2016. Content published with author's permission.

Posted in ...