Stock Market Watch

Stocks End Sharply Lower for a Second Day in a Row

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Stocks fell sharply for a second successive day on Wednesday as market sentiment remained subdued amid ongoing concerns over Federal Reserve’s bond buying program.

All three major indexes ended near session lows. The Dow Jones ended the day 0.84% lower at 14,995.23, the S&P 500 ended the day 0.84% lower at 1,612.52, and the Nasdaq ended the day 1.06% lower at 3,400.43.

All sectors in the S&P 500 ended near session lows. Utilities were the worst performers in the S&P 500, ending the day 0.96% lower. Financials also fell sharply, ending the day 0.95% lower. Energy sector ended the day 0.81% lower, while Basic Materials sector ended the day 0.64% lower. Technology sector fell 0.77%.

Among the major movers in trading on Wednesday were Cooper Tire & Rubber Company (NYSE: CTB), which ended the day 41.12% higher at $34.66, First Solar Inc. (NASDAQ: FSLR), which ended the day 10.76% lower at $46.66, Take-Two Interactive Software Inc. (NASDAQ: TTWO), which ended the day 8.57% lower at $15.37, Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA), which ended the day 14.87% higher at $96.64, and Biogen Idec Inc. (NASDAQ: BIIB), which ended the day 7.39% lower at $206.55.

European markets ended mostly lower on Wednesday, with the FTSE 100 Index in London closing 0.64% lower, and the CAC 40 Index in Paris closing 0.44% lower. Asian markets also ended mostly lower overnight, with the Nikkei 225 Index in Japan closing 0.21% lower, and the Hang Seng Index in Hong Kong closing 1.20% 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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