Below is January 28, 2013's summary of U.S. financial market activities
Stocks ended mixed with the Dow dropping 14 points and the S&P down slightly by 2.78. The Nasdaq posted a small gain of 4.59 points and the VIX (CBOE Volatility Index) jumped 5.74%.
Despite today’s performance, all three major indexes are close to their five year highs and it looks like investors picked today to take some profits off the table. Stocks have been climbing since November 15, 2012 when the Dow ended at 12,547.38. Since then the index has soared over 10% as economists are forecasting greatly improved economic conditions in 2013.
Today’s Most Active Stocks – Top Losers By Percentage (NYSE & NASDAQ)
- Jos. A. Bank’s stock (JOSB) dropped -16.27% today due to an earnings warning from the firm’s management. On Friday, after the trading day, the firm announced that net income for its 2012 fiscal year would be down 20%. The company blamed the income decline on three factors. As reported via their press release: “The first two weeks of fiscal November were negatively impacted by the aftermath of Hurricane Sandy, the distractions created by the presidential election and the uncertainty of the fiscal cliff”.
- 3D Systems was the next biggest loser. The stock, DDD, dropped -11.87% today. 3D Systems is a "global provider of 3D content-to-print solutions including personal, professional and production 3D printers". The stock’s decline was due to numerous reports that said the stock “may have entered a bubble”.
Today’s Most Active Stocks – Top Gainers By Percentage (Across The NYSE & NASDAQ)
- Furiex Pharmaceuticals (FURX) gained 66.38% today. On Friday, the firm announced that "Takeda Pharmaceutical has received approval from the FDA for three new type 2 diabetes therapies. Under its agreement with Takeda, Furiex is entitled to receive a $25 million milestone payment as a result of this approval, as well as royalties on sales".
Financial Market Data powered by Quotemedia.com. All rights reserved. Quote data delayed 15 minutes unless otherwise indicated. View the Terms of Use. Data was also obtained from The Wall Street Journal and Yahoo Finance
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