The stock market closed out its best week of the year Friday as big gains by retailers and technology companies pushed major indexes higher.
Stocks faded as Friday wore on, but they still finished higher. The S&P 500 index climbed almost 3.3 percent this week. By just a hair, that was the biggest weekly gain for the index in 2015.
The index climbed Monday and Wednesday as the U.S. market didn’t seem to be affected by a string of unsettling international events, including last Friday’s terrorist attack in Paris. Instead, investors saw signs the U.S. economy remains strong.
The Dow Jones industrial average rose 91.06 points, or 0.5 percent, to 17,823.81. The Standard & Poor’s 500 index added 7.93 points, or 0.4 percent, to 2,089.17. The Nasdaq composite index gained 31.28 points, or 0.6 percent, to 5,104.92. The Dow turned positive for the year by a fraction of a point.
“Throughout the week we got more and more news that the Federal Reserve was assessing the economy favorably,” said Erik Davidson, chief investment officer at Wells Fargo Private Bank.
Davidson said investors have slowly gotten used to the idea that the Federal Reserve is going to raise interest rates. That prospect worried them greatly a few months ago, but now, stocks are rising because investors are taking heart that the Fed believes the economy is on solid footing. Meanwhile, new economic stimulus in Europe could strengthen the global economy.
XL Group plc (NYSE:XL) rose 0.83% or 0.31 points on Friday and made its way into the gainers of the day. After trading began at $38.31 the stock was seen hitting $38.50 as a peak level and $38.12 as the lowest level. The stock ended up at $38.39. The daily volume was measured at 2.21 million shares. The company has a market cap of $11.34 billion. The mean estimate for the short term price target for XL stands at $42.58 according to 19 Analysts. The higher price target estimate for the stock has been calculated at $47.00 while the lower price target estimate is at $37.00. On Aug 17, 2015, the shares registered one year high at $40.41 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $37.49 and the 200 Day Moving Average price is recorded at $37.65. XL Group plc (NYSE:XL) announced that Martha Notaras, a Partner at XL Innovate, the venture capital initiative sponsored by the Company, is scheduled to speak at the Insurance Disrupted 2015 conference presented by Silicon Valley Innovation Center in Palo Alto, California on Friday, November 20.
3D Systems Corporation (NYSE:DDD) witnessed a rise in the market cap on Friday as its shares jumped 0.81% or 0.07 points. After the session commenced at $8.68, the stock reached the higher end at $8.98 while it hit a low of $8.68. With the volume soaring to 1.87 million shares, the last trade was called at $8.74. The company has a 52-week high of $38.07. The company has a market cap of $971.72 Million and there are 112.08 million shares in outstanding. The 52-week low of the share price is $8.44. DDD has dropped -27.71% during the last 3-month period. Year-to-Date the stock performance stands at -73.41%. The stock price is expected to reach $13.02 in the short term. The number of analysts agreeing with this consensus is 14. The higher estimate for the short term price target is at $26.30 while the lower estimate is at $9.00. On Nov 25, 2014, the shares registered one year high at $38.07 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $11.00 and the 200 Day Moving Average price is recorded at $15.31. 3D Systems Corporation (NYSE:DDD) announced that its Board of Directors has appointed Thomas W. Erickson as an independent director of the company. Erickson has served as Chairman and Interim Chief Executive Officer of Western Dental Services, Inc., a national dental services provider; Chairman of the Board of Inmar, Inc., a reverse logistics and revenue recovery company; a Senior Advisor to New Mountain Capital, LLC, a private equity firm; Chairman and Interim President of National Medical Health Card Systems, Inc.
Brookdale Senior Living, Inc. (NYSE:BKD) traded up 0.80% during trading on Friday, hitting $22.87. The stock had a trading volume of 4.54 million shares. The firm has a 50 day moving average of $22.70 and a 200-day moving average of $29.76. The stock has a market cap of $4.14 billion. BKD has dropped -21.68% during the last 3-month period. Year-to-Date the stock performance stands at -38.34%. The stock price is expected to reach $33.88 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $40.00 while the lower estimate is at $25.00. On Apr 8, 2015, the shares registered one year high at $38.89 and the one year low was seen on Oct 26, 2015. Brookdale Senior Living, Inc. (NYSE:BKD) operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Communities (CCRCs) Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.