U.S. markets The Dow Jones Industrial Average closed 20 points higher at 11,559.95 after weak data was released on consumer confidence which was outweighed by the release of the Federal Reserves minutes from their last meeting.
Despite a lift in rating by Moody’s Home Depot dropped half a percent to close at $33.57 a share. The rating agency upgraded the senior unsecured credit rating of the home-improvement retailer to A3. The move came after the company revised its earnings outlook for the year.
Netflix jumped 5 percent higher after a months of negative trading which has seen the company drop by as much as 30 percent since it announced that it was changing its pricing in mid-July. Investors who reviewed the stock and thought that the selloff had been overdone jumped on the investment today. The DVD rental and streaming video company closed at $236.28 a share.
LDK Solar fell by over three percent today after analysts at Needham dropped their rating on the clean energy company. Needham’s status on LDK Solar no stands at a ‘Hold’ rating from its previous rating of ‘Buy’. LDK closed at $5.99 a share.
Source:estocksdaily