Dow Rallies 240 to Close at 18k
Asia Down Again, European Stocks UpAsian markets didn't recover today in the same way that domestic and European markets did. Japan's Nikkei was down again, shedding another 50 points. Hong Kong's Hang Seng index was hit hardest of all, losing 300 points on the day.
Netflix (NFLX) is Up 30 Points in Two Days, Some Say Split ComingNetflix (NFLX) and Amazon (AMZN) rode out the latest downturn together, and posted gains yesterday when the rest of the tech sector was down.
Rally Brings Gains Across the BoardMost days the Dow has been concentrating gains in the health services sector while energy and utilities drop. Today's rally touched nearly every corner of the market, from biomed to telecom to transportation. In fact the rally was so spread out that, of the Dow's 5 biggest gainers, no two were from the same sector. Alexion Pharmaceuticals (ALXN) lead the Dow in gains, posting 10.82 points to close at $169.88, or nearly 8% on the day. Johnson Controls (JCI) is up on the news that Goldman will help them spinoff their automotive unit. iShares Exponential Technology (XT), a tech company, rose by 1.50% to close at $26.32.
The health services sector itself was up too, not being immune from the mood of the day. The biggest gainers were spread out among the different segments. It wasn't just Alexion (ALXN) that was making money in the pharmaceuticals segment. Cerner Corp (CERN) was up 1.40 points to close at $67.17.
Commodities had a tough day, with the rest of the market rising around it. Gold and corn fell in trading today, and precious metals are plummeting in the electronic aftermarket. Oil closed the day above $61 per barrel, but has since dropped in aftermarket trading.
Published on Jun 10, 2015By Aaron Phillips