Market Close Wrap Up: August 8, 2012

Published on Wed, 08/08/2012 - 16:23
By FNNO Staff in analysis, business finance, fnno, market, news, stock, trading
fnno, business finance, trading, stock, market, analysis, news

This is your Market Close Wrap Up for August 8. Stocks finished mixed on the day with the S&P 500 maintaining its 1400 point mark for the second day in a row.

In economic news, the Bank of England weighed in with its quarterly inflation report, saying the U.K. expects to go back to an expansion of 1% by the end of the year. Inflation is expected to stay below its target through 2015 with interest rates currently staying at 0.5%

Oil and Gold finished mixed as well. Oil dropped on the day to $93 a barrel and Gold gained $2 to finish at $1,615 an ounce.

The biggest winner today was Dean Foods, finishing up over 40% on the day due to its positive earnings results. The biggest loser: Orbitz Worldwide. It's shares finishing down 25% following in the foot steps of Priceline who has seen lower sales from Europe.

Taking a look at where the markets closed today. The Dow finished up over seven points to 13,175. The S&P finished just under one point and the Nasdaq was down over four points.

For more market updates and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com

By FNNO Staff
fnnonline@gmail.com

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