Stock Market Watch

Stocks End Lower after Fed Minutes; Dow Jones Falls for a Sixth Successive Trading Session

by ·


Stocks fell in trading on Wednesday, with the Dow Jones ending in red for a sixth straight session, after the Federal Reserve released the minutes of its recent FOMC. The minutes of the Fed’s July meeting did not provide any clear hints on when the central bank plans to start easing its $85 billion a month bond purchase program.

The Dow Jones ended the day 0.70% lower at 14,897.55, the S&P 500 ended the day 0.58% lower at 1,642.80, and the Nasdaq ended the day 0.38% lower at 3,599.79.

All sectors in the S&P 500 ended the day in red. Basic Materials sector was the worst performer, ending the day 1.75% lower. Energy sector ended the day 0.70% lower. Financials fell 0.91%.

Among the major movers on Wednesday included Diamond Foods Inc. (NASDAQ: DMND), which ended the day 19.13% higher at $22.79, American Eagle Outfitters (NYSE: AEO), which ended the day 9.89% lower at $14.76, and Staples Inc. (NASDAQ: SPLS), which ended the day 15.29% lower at $14.27.

On the economic front, a report released by the National Association of Realtors showed that existing home sales rose 6.5% in July to an annualized rate of 5.39 million, beating consensus forecast of an increase to 5.15 million units.

European markets ended mostly lower on Wednesday, with the FTSE 100 Index in London closing 0.97% lower, and the CAC 40 Index in Paris closing 0.34% lower. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.21% higher, and the Hang Seng Index in Hong Kong closing 0.69% lower.








More Posts by this author

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.

Tags:

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.

You may also like...