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.
Most Active Stocks – Top Gainers by Percentage (NYSE & NASDAQ)
- 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
Most Active Stocks – Top Losers by Percentage (NYSE & NASDAQ)
- 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