Stock Market Watch

Stocks Headed for a Lower Finish

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Stocks are headed for a lower finish in trading today, with all three major indexes in red currently. With no major news or development today, investors have been focusing on the euro zone.

Stocks have had a choppy week, with the Dow Jones set to post a loss for the week. Before today’s session, the Dow Jones was down 2 points from last week. However, all three major indexes have had a solid run this year.


Speaking to CNN Money, Timothy Ghriskey, Chief Investment Officer at Solaris Asset Management, said that stocks have had a pretty sharp, uninterrupted run for the past couple of months, so it is no surprise to see traders coming in to take some profits and hear people talking about how the market needs a correction. Ghriskey, however, expects the market to gain further, considering factors such as low valuations, high dividends, and strong earnings.

At last check, the Dow Jones was trading 0.36% lower at 12,933.90, the S&P 500 was trading 0.46% lower at 1,367.82, and the Nasdaq was trading 0.54% lower at 2,972.88.

All sectors in the S&P 500 are headed for a lower finish in trading today. Energy stocks are leading the losses in the S&P 500 in trading currently. At last check, Energy stocks were trading 1.27% lower. Basic Materials stocks are currently trading 1.12% lower. Consumer Cyclical stocks are currently down 0.94%. Financials are down 0.53%. Transportation stocks have fallen 0.71% in late trading. Technology stocks are currently trading 0.56% lower.

Among the major movers in trading currently are Big Lots Inc. (NYSE: BIG), which is currently trading 3.84% lower at $42.78, Yelp Inc. (NYSE: YELP), which is currently trading 61.27% higher at $24.19, and Foot Locker Inc. (NYSE: FL), which is currently trading 1.32% lower at $29.13.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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