Friday, March 1, 2013 – Here is today’s summary of U.S. stock market activities – Major Headlines, Biggest Stock Losers, Top Stock Gainers, Top Advancing Stocks & Biggest Decliners.
Stock Market Headlines
Rebounding from yesterday’s slight losses, stocks ended up higher today with all three major indexes close to their all-time highs. The Dow (DJIA) index is less than 75 points from its highest level ever in the history of the index. The DJIA’s all-time peak of 14,164.53 was reached on October 9th, 2007, right before the financial crisis and subsequent recession.
The S&P 500 ended the day at 1518.2, while the Nasdaq closed at 3169.74.
On the NYSE, advancing stocks (1,660) outpaced decliners (1,305), while the Nasdaq had 1,390 advancers versus 1,058 decliners.
- GMX Resources (GMXR)’s stock was the top gainer across the NYSE and Nasdaq on Friday. The stock rose 28.63% to close at $3.10
- Share of MGIC Investment (MTG) were the next highest gainer, climbing 27.18% to end the day at $3.79. Although the firm announced a wider than expected loss, it also reported a higher than expected top line figure (revenue) that beat Wall Street’s expectations
- Shares of Atlantic Power (AT) stock dropped -28.59% on Friday, making it the biggest top loser across the NYSE and Nasdaq. The firm reported a much deeper loss than was expected by stock analysts and also announced that it would be cutting its dividend payment to investors
- Shares of Icahn Enterprises (IEP) were the next biggest loser, declining -16% to close the day at $60.05. The real estate management and investment firm announced a share offering at a price target that was lower than expected