The good, the bad, and another rally. The markets moved up Friday as jobless claims came in below analyst estimates and a there was positive reaction to the stress test results that broke after trading yesterday. The Dow moved up 1.96%, S&P gained 2.41%, and NASDAQ finished the session up 1.33%.
Here are Friday’s winners and losers:
Winners:
Fifth Third Bancorp. (FITB)
Fifth Third skyrocketed the day after the stress test results reaffirmed the financial sector. FITB closed up 58.8% to $8.49, a gain of $3.14.
Dynegy Inc. (DYN)
DYN moved up 36.8% on the rise in natural gas. It last traded at $2.38, up 64 cents.
Huntington Bancshares Inc. (HBAN)
The regional bank issued $120 in common stock along and benefited from a boost in the sector to increase 33.7%. HBAN ended the session at $5.20 up $1.31.
Marshal & Ilsley Corp. (MI)
Here is another financial that gained after the government released its stress test results. MI closed up 27.5% to $9.82, a gain of $2.12.
Zions Bancorp (ZION)
Among the S&P’s big winners, ZION gained 27.1% on stress test results, helping the bank continue to climb off its near-yearly lows. It finished Friday at $9.82, up $2.12.
Losers:
NVIDIA Corp. (NVDA)
Computer graphic card manufacturer NVIDIA’s first quarter gross margin overshadowed earnings as the stock dropped 13.8%. It closed the session down $1.48 a, loss of $9.25.
Allstate Corp. (ALL)
First-quarter losses pushed the insurer down 5.4% amid capital concerns. The stock last traded at $26.12, down $1.48.
Microchip Technology Inc. (MCHP)
Sales in the fourth quarter for Microchip Technology dropped, pushing shares of the company lower by 5.1%. It ended the week down $1.16 to $21.51.
Broadcom Corp. (BRCM)
News that an Emulex offer for the company had gone sour cost shareholders 5.1% Friday. The semiconductor maker last traded at $21.55, a loss of $1.15.
SanDisk Corp. (SNDK)
SanDisk closed the week on a down note, bucking the sector trend as it lost 5%. SNDK closed Friday at $14.07, down 75 cents.
