Dow Flat as World Markets Struggle
PUBLISHED ON: Jun 9, 2015
Markets were mixed for the second day in a row, as the Dow stays down under 18,000. The S&P 500 was today's sole gainer, only posting 0.87 points in the black. The S&P 500 closed the day's trading at 2,080.15. The Dow was flat as well, but ended the day in the red after dipping 2.51 points to 17,764.04. The NASDAQ lost 7.76 points and closed the day at 5,013.87. Markets across the world fell today.
Netflix (NFLX) and Amazon (AMZN) Come Out On Top of Mixed Tech Sector
The technology sector was mixed today, with some big players like Apple (AAPL
) and Microsoft (MSFT
) taking losses.
) and Amazon (AMZN
) both ended the day solidly in the black. Netflix gained 19.92 points and closed the day up 3.18% to $647.15 per share. Amazon gained just 2 points to end the day's trading at $425.48. Citrix (CTXS
) and Akamai (AKAM
) both posted losses on the day. Citrix was down 2.33%, or 1.54 points, to close at $64.45. Akamai dropped 2 points to close at $72.90 per share.
Oil Steady at $60 Despite Market Dip
Oil held steady again today, as the markets slipped around it. It was down slightly in trading today, but has held right near $60 per barrel for the past week. A few energy companies were up on the day even if oil wasn't. Murphy Oil Corp (MUR
) and AES Corp (AES
) both posted gains in trading today. Murphy was up 1.10 points, or just over 2.5%, to close at $43.26 per share. AES, an electric utility, gained 3.29% and closed the day at $13.51.
Eli Lily (LLY) Leads the Dow
Even though the Dow has held steady all day long, Eli Lily (LLY
) was making gains. It shot up over 2 points right at the very end of trading today, with the trend flattening in the aftermarket. Eli Lily ended the day up 4.25 points, or 5.41%, to lead the Dow in real gains. Shares of Eli Lily closed at $82.77.
World Markets Struggle to Post Gains
Markets around the world struggled to make gains for the second day in a row. Today, even China was having a hard day in the markets, as much as China is in the market at all. London, Germany, and Japan were all down by relatively large margins. Secondary markets in Canada and Australia were down as well. The world risks slipping back slightly into recession unless it can turn around this latest decline.