Here is today’s summary of U.S. financial market activities.
Stock Market Headlines
Stocks ended higher across the board today with the Dow up 4.5% since the beginning of the month. The Dow, S&P and Nasdaq are all at their highest levels since 2008, with the Dow on track to having the best January since 1997 when it rose 5.7%.
Financial markets are rallying based on strengthening economic numbers, improved jobs figures, better corporate earnings and increased housing starts.
Most Active Stocks – Top Gainers by Percentage (NYSE & NASDAQ)
- Research In Motion stock (Stock: RIMM) soared to a one year high based on comments from the firm's CEO, Thorsten Heins. Heins reported that RIM would be looking to explore "strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system". The stock was up 13% today.
- Daqo New Energy Corp (DQ), a leading polysilicon manufacturer based in China was the highest gainer on the NYSE today. The firm's polysilicon factories are expanding output to take advantage of expected increase in demand as China moves to impose a retaliatory tax on foreign polysilicon imports.
Most Active Stocks – Top Losers by Percentage (NYSE & NASDAQ)
- Globus Maritime (GLBS), dropped -13.88% today based on continuing fallout from management changes. The company recently reported that its CFO was leaving the firm “to pursue other interests”.
5-Year Gain – Dow, S&P and Nasdaq
Chart Source: Yahoo Finance