This is your Market Close Wrap Up for August 17. Stocks finished slightly in the green on Friday after economic data showed a rise in consumer sentiment in August.
The University of Michigan -Thompson Reuters consumer-sentiment index rose to 73.6 for the month of August, higher than the previous month of 72.3. Analysts were expecting a decline in 71.8. This unexpected climb though has caused stocks to edge higher and finish in the green. Before the recession, the index averaged around 87.
Oil and Gold trading finished mixed on the day. Oil finished up just over $96 a barrel. Gold was in the opposite direction though, down $2 so far to $1,618 an ounce.
One of the big winners in today's session was Ann Inc. (NYSE:ANN). It's stock finished up close to 21% due to its positive quarterly results. One of the biggest losers: Marvell Technology Group (NASDAQ:MRVL). Its shares finished down over 14% after analysts downgraded the stock on disappointing second quarter earnings.
Taking a look at where the markets closed today, the Dow gained over 25 points to finish at 13,275. The S&P was up over two points and the Nasdaq added over 14 points.
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