Stock Market Watch

Stocks Bounce Back Sharply in Late Trading; Dow Jones Gains More than 150 Points

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Stocks bounced back sharply in the last few minutes of trading to finish the day higher. All three major indexes fluctuated between gains and losses throughout what was a volatile trading session. However, a late surge, which was triggered by reports that European policymakers are working on a joint effort to prop up the region’s banks, pushed all three major indexes sharply higher.

The Dow Jones ended the day 1.44% higher at 10,808.71, the S&P 500 ended the day 2.25% higher at 1,123.95, and the Nasdaq ended the day 2.95% higher at 2,404.82.


The rebound in late trading was led by Consumer Cyclical stocks, which ended the day 3.27% higher. Transportation stocks also rallied in late trading, ending the day 3.13% higher. Industrials ended the day 3.05% higher.

Among the major gainers in trading today were Ingersoll-Rand Plc (NYSE: IR), which ended the day 4.15% higher at $27.58, TECO Energy Inc. (NYSE: TE), which ended the day 1.21% higher at $16.77, Wynn Resorts Limited (NASDAQ: WYNN), which ended the day 7.30% higher at $118.75, Acura Pharmaceuticals Inc. (NASDAQ: ACUR), which ended the day 4.90% higher at $3.85, and Focus Media Holding Limited (ADR) (NASDAQ: FMCN), which ended the day 25.90% higher at $20.56.

Among the major losers in trading today were Eastman Kodak Company (NYSE: EK), which ended the day 16.42% lower at $1.12, and InterOil Corporation (NYSE: IOC), which ended the day 13.25% lower at $34.05.

In Europe, equity markets ended lower earlier today. The FTSE 100 Index in London closed 2.58% lower at 4,944.44, while the CAC 40 Index in Paris closed 2.61% lower at 2,850.55. In Asia, the Nikkei 225 Index closed 1.05% lower overnight, while the Hang Seng Index closed 3.40% lower overnight.

 

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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