New York, November 1 (FinanceEnquiry.com) – Following the substantial storm Hurricane Sandy that caused the first weather-related two-day closure of market after the late 19th century, the stock market came back to life on October 31 at a snail’s pace after couple of days in the dark.
At the same time as the NASDAQ Composite inched lower in a session with somewhat less than average volume, the Dow and the S&P 500 ended with modest change. With almost 6.3 billion shares exchanging hands on the NYSE, NASDAQ and NYSE MKT, volume of trading was ordinary.
Forcing various to run to the pump to carry on generators running, market contestants on places outside Manhattan also posted some uniformity despite the fact that the lack of electric power in the area was an obstacle. At the same time as competitor Lowe’s grew 3.3 percent to $32.38, Home Depot, a Dow component, soared 2.2 percent to $61.38.
In order to end at 13,096.46, the Dow Jones industrial average skidded by 10.75 points, or 0.08 percent. However, so to close at 1,412.16, the Standard & Poor’s 500 Index ameliorated only by 0.22 of a point, or 0.02 percent. In order to finish at 2,977.23, the NASDAQ Composite Index dropped by 10.72 points, or 0.36 percent. The Dow descended 2.5 percent, the S&P 500 dropped 2 percent and the NASDAQ shed 4.5 percent for October.
When the auto manufacturer posted strong results despite the fact that the market was closed, Ford Motor Co rallied 8.2 percent to $11.16 being the most-active stock of NYSE. In addition, driving the shares up 9.5 percent to $25.50, General Motors posted earnings that came above the anticipations.
After the end of a lockup time that had prevented a number of staff from selling stock, shares of Facebook, Inc (NASDAQ: FB) skidded to $21.11 by 3.8 percent. Moreover, Disney, which is an element of Dow, skidded 2 percent to $49.07.
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