Stock Market Watch

Stocks End Lower

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Stocks ended lower in trading today as investors remained cautious ahead of the long weekend. However, all three major indexes posted gains for the week even as worries about the euro zone debt crisis continue to weigh down sentiments.

The Dow Jones ended the day 0.60% lower at 12,454.83, the S&P 500 ended the day 0.22% lower at 1,317.82, and the Nasdaq ended the day 0.07% lower at 2,837.53.


For the week, the Dow Jones rose 0.69%, the S&P 500 rose 1.74%, and the Nasdaq rose 2.11%.

Industrials led the losses in the S&P 500 in trading today. The sector ended the day 0.67% lower. Financials ended the day 0.53% lower. Transportation stocks finished 0.34% lower, while Basic Materials stocks finished 0.44% lower. Utilities were the best performers in the S&P 500, ending the day 0.27% higher.

Among the major gainers and losers in trading today were Mattress Firm Holding Corp. (NASDAQ: MFRM), which ended the day 8.09% higher at $38.74, VeriFone Systems Inc. (NYSE: PAY), which ended the day 15.49% lower at $38.03, Amylin Pharmaceuticals Inc. (NASDAQ: AMLN), which ended the day 8.37% higher at $27.96, Mentor Graphics Corp. (NASDAQ: MENT), which ended the day 13.08% lower at $13.22, and Complete Genomics Inc. (NASDAQ: GNOM), which ended the day 28.76% higher at $3.

On the economic front, a report released earlier today showed that consumer sentiment in the U.S. rose in May to the highest level since October 2007.

European markets ended mostly higher in trading today, however, gains were limited. The FTSE 100 Index in London ended the day 0.03% higher at 5,351.53, and the CAC 40 Index in Paris ended the day 0.32% higher at 3,047.94. Asian markets ended on a mixed note overnight, with the Shanghai Composite Index falling 0.72%, and the Nikkei 225 Index gaining 0.20%.








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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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