Stock Market Watch

Stocks End on a Mixed Note

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Stocks ended on a mixed note in trading on Wednesday after finishing sharply lower in the previous two trading sessions. Stocks initially gained on Wednesday as market sentiment was lifted by reports that President Obama will nominate Janet Yellen to replace Ben Bernanke as the Chairman of the Federal Reserve. However, the gains were limited as ongoing concerns over the political stalemate in Washington DC kept investors on the sidelines.

The Dow Jones ended the day 0.18% higher at 14,802.98, the S&P 500 ended the day 0.06% higher at 1,656.40, and the Nasdaq ended the day 0.46% lower at 3,677.78.

Telecom and Financial sectors led the gains in the S&P 500. Both sectors ended the day 0.50% higher. Healthcare sector was the worst performer in the S&P 500, ending the day 0.52% lower.

Among the major movers on Wednesday included The Men’s Wearhouse Inc. (NYSE: MW), which ended the day 27.78% higher at $45.03, ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), which ended the day 14.76% lower at $19.86, Hewlett-Packard Company (NYSE: HPQ), which ended the day 8.92% higher at $22.60, Darden Restaurants Inc. (NYSE: DRI), which ended the day 7.11% higher at $49.57, and Alcoa Inc. (NYSE: AA), which ended the day 2.02% higher at $8.10.

European markets ended mostly lower on Wednesday, with the FTSE 100 Index in London closing 0.44% lower, and the CAC 40 Index in Paris closing 0.16% lower. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 1.03% higher, and the Hang Seng Index in Hong Kong closing 0.63% lower.








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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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