Stock Market Watch

Stocks End Lower

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Stocks ended lower in trading on Wednesday amid concerns over the ongoing budget talks in Washington DC. However, all three major indexes managed to finish off session lows.

The Dow Jones ended the day 0.39% lower at 15,133.14, the S&P 500 ended the day 0.07% lower at 1,693.87, and the Nasdaq ended the day 0.08% lower at 3,815.02.

Industrials led the losses in the S&P 500, ending the day 0.36% lower. Consumer Non-Cyclical sector ended the day 0.34% lower. Healthcare sector ended the day 0.32% lower. Basic Materials sector was the best performer in the S&P 500, ending the day 0.48% higher. Utilities ended the day 0.16% higher.

Among the major movers on Wednesday included Global Payments Inc. (NYSE: GPN), which ended the day 11.42% higher at $56.49, Tesla Motors Inc. (NASDAQ: TSLA), which ended the day 6.24% lower at $180.95, and Molycorp Inc. (NYSE: MCP), which ended the day 10.51% higher at $7.36.

On the economic front, a report from Automatic Data Processing (ADP) showed that the private sector added 166,000 jobs last month, which was below the consensus forecast of 180,000 job additions. Meanwhile, a report from the Mortgage Bankers Association showed that weekly mortgage applications slipped last week.

European markets ended mostly lower on Wednesday, with the FTSE 100 Index in London closing 0.35% lower, and the CAC 40 Index in Paris closing 0.92% lower. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 0.55% higher, and the Hang Seng Index in Hong Kong closing 0.36% higher.








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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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