Stocks End Lower
Stocks slipped in trading on Wednesday amid concerns over the longevity of Federal Reserve’s bond buying program. However, all three major indexes pared some of their losses in late trading to finish off session lows.
The Dow Jones ended the day 0.69% lower at 15,302.80, the S&P 500 ended the day 0.70% lower at 1,648.36, and the Nasdaq ended the day 0.61% lower at 3,467.52.
All sectors in the S&P 500 ended the day in red. Consumer Non-Cyclical and Utilities led the losses in the S&P 500. Both sectors ended the day 1.72% lower. Healthcare sector also fell sharply, ending the day 1.59% lower. Services sector ended the day 1.17% lower. Industrials fell 0.81%.
Among the major movers on Wednesday included The Procter & Gamble Company (NYSE: PG), which ended the day 2.42% lower at $78.90, Smithfield Foods Inc. (NYSE: SFD), which ended the day 28.42% higher at $33.35, Johnson & Johnson (NYSE: JNJ), which ended the day 2.24% lower at $85.65, Hecla Mining Company (NYSE: HL), which ended the day 10.79% higher at $3.80, and Toyota Motor Corporation (ADR) (NYSE: TM), which ended the day 2.93% lower at $119.57.
European markets also fell sharply on Wednesday, with the FTSE 100 Index in London closing 1.99% lower, and the CAC 40 Index in Paris closing 1.89% lower. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.10% higher, and the Hang Seng Index in Hong Kong closing 1.61% lower.