Stocks Ended Slightly Higher, but the Energy Sector Fell Again

The Dow Jones Industrial Average was up 13.96 points or 0.08% at 18,100.41, while the NASDAQ Composite Index was up 8.72 points or 0.17% at 5,218.86 and the S&P 500 was up 1.64 points or 0.08% to close closing at a new high at 2,128.28.

On Wall Street, stocks achieved gains during trading on Monday after knowing the results of Morgan Stanley, while Greece's banks reopened and recovered relatively to a calmer situation.

Looking at the S&P 500, the best-performing sector was Technology (0.46%) while the worst-performing sector was Energy (-1.29%).

PayPal (PYPL) began trading as its own public company on the Nasdaq.

After Carl Icahn's pressure on eBay (EBAY) to spin off its PayPal (PYPL) business, today the company began trading as its own public company after the completion of its split on Friday. In its first day trading, PayPal rose 5.42% to close at $40.47.

PayPal's operations will leave behind eBay's bureaucracy and can focus on new business opportunities in the e-commerce industry.

After-Hours Movers. Shares of International Business Machines Corp. (IBM) are down more than 5% in after-hours after the company beat earnings estimates but missed revenue expectations. Investors should keep an eye on the tech giant in tomorrow's trading session.

Bulls and Bears of the Day. Today's biggest stock gainers were:

On the other hand, the losers of the day were:

World Stock Markets. In overseas trading, European markets have started the week in green territory, with shares in Spain leading the region. At the close of the session, the Spain's Ibex 35 wins 0.66% to 11556.10 points. Meanwhile, other European markets rise 0.40 % on average. The France's CAC 40 index edged up by 0.35% to 5,142.49, the U.K.'s FTSE 100 Index added 0.2% to 6,788.69and the Germany's DAX 30 index has climbed 0.53% to 11,735.72.

Meanwhile, Asian markets ended mixed. China's Shanghai Composite is up 0.9%, while Hong Kong's Hang Seng lost 0.04%. Among the other Asian markets, Japan's Nikkei is closed for public holidays (observance of Marine Day).

Other Markets. In the bond market, the 30-year Treasury yield finished at 3.10% and the 10-year Treasury yield closed at 2.37%.

In commodity markets, gold prices fell by 1.0% and continued their downward trend, hitting a five-year low, to $1,095.70 a troy ounce and the spot price of silver fell 0.8% to $14.64 while crude oil prices fell 0.42% to $49.94.

In the currency market, the euro fell 0.24% against the U.S. dollar, probably due to the uncertainty surrounding the situation in Greece.

Published on Jul 20, 2015
By Omar Venerio
Capital Markets, Derivatives and Financial Management Professor, Master in Finance and CFA candidate. I am an independent trader of stocks and options and passionate about the stock market.

Copyrighted 2020. Content published with author's permission.

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