Stock Market Watch

Stocks End Lower on Greece Worries, Weak Economic Data

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Stocks ended sharply lower in trading today on worries about Greece. Greek political leaders on Thursday agreed to further austerity measures and reforms, which were required to secure additional bailout funds. However, euro zone finance ministers today questioned the Greek austerity deal and said that the country needs to do more before the next round of bailout funds are approved.

Stocks were also pushed lower by some weak economic data in the U.S., including a higher than forecast drop in consumer sentiment for the month of February.


The Dow Jones ended the day 0.69% lower at 12,801.23, the S&P 500 ended the day 0.69% lower at 1,342.64, and the Nasdaq ended the day 0.80% lower at 2,903.88.

All sectors in the S&P 500 ended the day sharply lower in trading today. Basic Materials stocks were the worst performers in trading today, ending the day 1.95% lower. Energy stocks ended the day 1.63% lower. Financials fell 1.29% in trading today.

Among the major losers in trading today were Nuance Communications Inc. (NASDAQ: NUAN), which ended the day 12.99% lower at $26.50, First Solar Inc. (NASDAQ: FSLR), which ended the day 10.43% lower at $43.91, Halcon Resources Corp. (NASDAQ: HK), which ended the day 3.86% lower at $11.97, and True Religion Apparel Inc. (NASDAQ: TRLG), which ended the day 27.57% lower at $26.61.

Among the major gainers in trading today were Cobalt International Energy Inc. (NYSE: CIE), which ended the day 32.55% higher at $31.68, LinkedIn Corporation (NYSE: LNKD), which ended the day 17.76% higher at $89.96, and Move Inc. (NASDAQ: MOVE), which ended the day 15.17% higher at $8.73.

European markets ended mostly lower today, with the EURO STOXX 50 Index closing 1.65% lower. Asian markets also ended mostly lower earlier today.

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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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