Stock Market Watch

Stocks Finish on a Mixed Note

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Stocks ended on a mixed note in trading today as investors remained focused on the euro zone. All three major indexes fluctuated between gains and losses today after Standard & Poor’s, late Monday, warned that it may cut the credit rating of the entire euro zone if European policymakers do not come up with a concrete plan to stem the debt crisis in the region.

Stocks rebounded in late trading after a report that EU officials are planning to create two separate bailout funds to contain the euro zone debt crisis. The Dow Jones and the S&P 500 managed to finish higher for the day, however, the Nasdaq failed to hold on to its gains and finished the day in red.


The Dow Jones ended the day 0.43% higher at 12,150.13, the S&P 500 ended the day 0.11% higher at 1,258.47, and the Nasdaq ended the day 0.23% lower at 2,649.56.

Conglomerates led the gains in the S&P 500 today, ending the day 0.82% higher. Healthcare stocks also rose sharply in trading today, ending the day 0.62% higher. Consumer Cyclical stocks were the worst performers in trading today, ending the day 0.56% lower.

Among the major gainers in trading today were Joy Global Inc. (NYSE: JOY), which ended the day 0.80% higher at $90.37, Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), which ended the day 21.02% higher at $1.21, RiT Technologies Ltd. (NASDAQ: RITT), which ended the day 38.75% higher at $4.47, Liquidity Services Inc. (NASDAQ: LQDT), which ended the day 6.21% higher at $36.97, and Toll Brothers Inc. (NYSE: TOL), which ended the day 2.70% higher at $21.30.

Among the major losers in trading today were Darden Restaurants Inc. (NYSE: DRI), which ended the day 12.38% lower at $41.82, and AutoZone Inc. (NYSE: AZO), which ended the day 0.34% lower at $337.81.

 

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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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