The markets were a bit wild today as economic news, along with a successful vote on the Obama care replacement in congress caused indecision by traders. The markets whipsawed back and forth today and ended mixed on the day. The Dow 30 was lower by 11, the S&P 500 closed up 1, and the Nasdaq 100 added 2. Tomorrow all eyes will focus on the unemployment rate which promises to be a market mover. That news is due out one hour before the market opens. Later in the afternoon Federal Reserve chairwoman, Janet Yellen will be speaking as well. Traders will also use caution as the final, French election will be taking place this weekend.
Fitbit (NYSE: FIT) blasted off 11.97% today hitting new three month highs in the process. The move came due to positive comments from the company which said it lost less money than analysts expected during the first three months of the year. Fitbit also said that "product launches planned for later this year are on track." Shares were strong all day long though closed off their highs. For the year Fitbit is still lower over 13%.
Dunkin' Brands (NASDAQ: DNKN) announced mixed earnings today which sent shares lower on the open. The company beat on earnings per share but missed on revenue. According to the report, Dunkin' Donuts comparable store sales were flat, while Baskin-Robbins sales declined 2.4%. Though the stock was lower on the open, a rally mid-day helped push shares all the way back to positive territory. Shares closed higher by 0.78% and are higher by almost 10% on the year.
HSBC (NASDAQ: HSBC) shot higher today by 2.79% as the company announced earnings that were better than what the street was expecting. The bank's CFO confirmed that there would not be a new share buyback in the short term, and also reiterated the company's stance of holding its dividend steady for now. Technical traders noted that the move today sent shares above a 3 month consolidation.