Stock Market News 2015: Stocks Mostly Down on First Trading Day of the Year
The Dow Jones Industrial Average is down about 17 points in late-day trading on Friday. The S&P 500 continues its losing streak that could become its third-straight day of decline.
Although the numbers on manufacturing weren't pleasing to most investors, Kate Warne, investment strategist at Edward Jones, does not think it's cause for concern.
"The U.S. economy is actually pretty well insulated, this is just investors' worrying more about what could be than what is likely to be. Investors are forgetting that while ISM was weaker than expected, it's still strong and expanding, and the number was pretty consistent with 3 percent economic growth," Warne told CNBC.
The morning started with the Dow up slightly, but then pointed lower for most of the day. The Dow hit 18,103.45 on the day after Christmas, but has struggled to get back to 18,000 since then.
Shares of Ford Motor Co. (F) were down about 1.4 percent in late trading Friday. The stock is on a bit of a roller coaster since dipping all the way $14.09 on Dec. 16. On Dec. 3 the stock hit $16.03, but began its free-fall to $14.09. Now it's on its way back up again.
Shares of GoPro Inc. (GPRO) are up over 4 percent in late-day trading to nearly $66 a share. The portable, durable camera company's shares are gaining because analysts are giving the company kind words ahead of a Jan. 6 conference. The analysts expect plenty of similar products from competitors in the future, according to a Benzinga.com article explaining today's gains for GoPro.
What do you think about Ford and GoPro? Are they two stocks you own? Why or why not? Leave us a comment below and let us know what you think.
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