Stock Market Watch

Stocks End on a Mixed Note

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Stocks ended on a mixed note on Thursday as investors remained cautious ahead of the release the all-important nonfarm payrolls for the month of March. All three major indexes fell sharply for the week.

The Dow Jones ended the day 0.11% lower at 13,060.14, the S&P 500 ended the day 0.06% lower at 1,398.08, and the Nasdaq ended the day 0.40% higher at 3,080.50. For the week, the Dow Jones fell 1.15%, the S&P 500 fell 0.74% and the Nasdaq fell 0.36%.


Conglomerates were the worst performers in the S&P 500 on Thursday, ending the day 0.94% lower. Utilities also fell sharply on Thursday, ending the day 0.41% lower. Basic Materials ended the day 0.33% lower, while Energy stocks ended the day 0.34% lower. Consumer Cyclical and Technology stocks were the best performers in the S&P 500 on Thursday, ending the day 0.35% and 0.40% higher, respectively.

Among the major gainers and losers in trading on Thursday were Bed Bath & Beyond Inc. (NASDAQ: BBBY), which ended the day 8.49% higher at $71.85, Polycom Inc. (NASDAQ: PLCM), which ended the day 19.96% lower at $14.56, Gold Resource Corporation (AMEX: GORO), which ended the day 7.66% higher at $25.58, Parametric Technology (NASDAQ: PMTC), which ended the day 21.10% lower at $21.46, VeriFone Systems Inc. (NYSE: PAY), which ended the day 5.90% higher at $52.96, Constellation Brands Inc. (NYSE: STZ), which ended the day 13.02% lower at $21.52, and Corrections Corp. of America (NYSE: CXW), which ended the day 6.54% higher at $28.99.

Although markets remain closed on Friday, investors will be waiting anxiously for the March jobs report. The Labor Department will release the jobs report for the month of March on Friday. Economists expect a gain of 203,000 jobs for March. The unemployment rate is also expected to drop slightly.

 

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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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