Stock Market Watch

Stocks End Lower in a Volatile Trading Session

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Stocks finished lower in a volatile trading session today, ending a three-day rally. All three major indexes fluctuated between gains and losses throughout the day before finishing the day lower.

Earlier today, investors’ sentiment was boosted by a better than expected jobs report for the month of September. The figures released by the Labor Department showed that the U.S. economy added 103,000 jobs in the month of September, beating economists’ forecasts. However, the early optimism faded away after Fitch Ratings cut the debt ratings of troubled euro zone economies Italy and Spain.


The Dow Jones ended the day 0.18% lower at 11,103.12, the S&P 500 ended the day 0.82% lower at 1,155.46, and the Nasdaq ended the day 1.10% lower at 2,479.35.

All sectors in the S&P 500 ended the day in red. Financials were the worst performers in the S&P 500 today, ending the day 2.12% lower. Consumer Cyclical stocks ended the day 1.23% lower. Basic Materials stocks closed 1.19% lower. Technology stocks ended the day 0.95% lower.

Among the major losers in trading today were Eastman Kodak Company (NYSE: EK), which ended the day 4.14% lower at $1.39, Wynn Resorts Limited (NASDAQ: WYNN), which ended the day 2.66% lower at $129.06, Sprint Nextel Corporation (NYSE: S), which ended the day 19.93% lower at $2.41, Clearwire Corporation (NASDAQ: CLWR), which ended the day 32.20% lower at $1.39, and Illumina Inc. (NASDAQ: ILMN), which ended the day 31.93% lower at $27.18.

Among the major gainers in trading today were IPG Photonics Corporation (NASDAQ: IPGP), which ended the day 15.20% higher at $55.02, and McDermott International (NYSE: MDR), which ended the day 8.14% higher at $13.95.

European markets ended mostly higher today. The FTSE 100 Index in London closed 0.23% higher at 5,303.40, and the CAC40 Index in Paris closed 0.66% higher at 3,095.56.

 

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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