Stocks Pare Losses in Late Trading; End on a Mixed Note
Stocks pared most of their losses in late trading to finish on a mixed note on Wednesday. All three major indexes had fallen sharply earlier in the day amid concerns over political stalemate in Italy.
The Dow Jones ended the day 0.23% lower at 14,526.16, the S&P 500 ended the day 0.06% lower at 1,562.85, and the Nasdaq ended the day 0.12% higher at 3,256.52.
Conglomerates were the worst performers in the S&P 500, ending the day 0.55% lower. Financials also fell, ending the day 0.31% lower. Consumer Non-Cyclical sector ended the day 0.39% lower. Transportation sector was the best performer today, ending the day 0.29% higher. Healthcare sector ended the day 0.26% higher, while Utilities ended the day 0.21% higher.
Among the major movers in trading on Wednesday were Mattress Firm Holding Corp. (NASDAQ: MFRM), which ended the day 12.09% higher at $34.77, AOL Inc. (NYSE: AOL), which ended the day 8.38% higher at $39.20, Cliffs Natural Resources Inc. (NYSE: CLF), which ended the day 13.86% lower at $18.46, Francesca’s Holdings Corp. (NASDAQ: FRAN), which ended the day 5.41% lower at $28.52, and Select Comfort Corp. (NASDAQ: SCSS), which ended the day 7.42% higher at $20.41.
European markets ended mostly lower on Wednesday, with the FTSE 100 Index in London closing 0.18% lower, and the CAC 40 Index in Paris closing 0.99% lower. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 0.18% higher, and the Hang Seng Index in Hong Kong closing 0.69% higher.
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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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