Stocks Headed for a Sharply Lower Finish on Euro Zone Worries
Stocks are headed for a sharply lower finish in trading today as worries about the worsening euro zone debt crisis have weighed down investors’ sentiment.
At last check, the Dow Jones was trading 0.98% lower at 12,697.05, the S&P 500 was trading 1.01% lower at 1,348.85, and the Nasdaq was trading 1.26% lower at 2,888.52. All three major indexes are off their session lows.
All sectors in the S&P 500 are down sharply in trading currently. Basic Materials and Energy sector are leading the losses in the S&P 500 today. At last check, Basic Materials sector was trading 1.63% lower, while Energy sector was trading 1.56% lower. Financials are also down sharply in trading today. At last check, the sector was trading 1.42% lower. Technology sector is currently trading 1.34% lower. Consumer Cyclical sector is down 1.12% in late trading. Industrials are currently trading 0.49% lower.
Among the major losers in late trading today are Chipotle Mexican Grill Inc. (NYSE: CMG), which is currently trading 2.25% lower at $309.84, McDonald’s Corporation (NYSE: MCD), which is currently trading 2.44% lower at $89.35, Intuitive Surgical Inc. (NASDAQ: ISRG), which is currently trading 4.02% lower at $478.45, Akorn Inc. (NASDAQ: AKRX), which is currently trading 7.92% lower at $13.72, and Deckers Outdoor Corporation (NASDAQ: DECK), which is currently trading 6.30% lower at $43.73.
Among the major gainers in late trading today are Eaton Corporation (NYSE: ETN), which is currently trading 4.74% higher at $40.91, and Hasbro Inc. (NASDAQ: HAS), which is currently trading 3.43% higher at $35.
European markets also fell today, with all major indexes in the region ending the day sharply lower. The FTSE 100 Index in London ended the day 2.09% lower, while the CAC 40 Index in Paris ended the day 2.89% lower. Asian markets also fell sharply overnight.
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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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