Stock Market Watch

Stocks Finish Sharply Lower on Euro Zone Worries

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Stocks ended sharply lower today, with all three major indexes extending their losses in late trading. Stocks were pushed lower by some weak economic data in China and Europe, which raised concerns about the global economy. Investors also remained worried about the sovereign debt crisis in the euro zone.

All three major indexes ended near their session lows. The Dow Jones ended the day 2.05% lower at 11,257.55, the S&P 500 ended the day 2.21% lower at 1,161.79, and the Nasdaq ended the day 2.43% lower at 2,460.08.


Energy stocks were the worst performers in the S&P 500 in trading today, ending the day 2.94% lower. Basic Materials stocks also fell sharply in trading today, ending the day 2.71% lower. Industrials ended the day 2.53% lower, while Conglomerates ended the day 2.38% lower. Consumer Cyclical stocks ended the day 1.70% lower. Technology stocks ended the day 2.58% lower.

Among the major losers in trading today were TiVo Inc. (NASDAQ: TIVO), which ended the day 1.99% lower at $9.38, Pandora Media Inc. (NYSE: P), which ended the day 11.31% lower at $10.51, Groupon Inc. (NASDAQ: GRPN), which ended the day 15.50% lower at $16.96, and InterOil Corporation (NYSE: IOC), which ended the day 14.38% lower at $52.38.

Among the major gainers in trading today were Green Dot Corporation (NYSE: GDOT), which ended the day 7.67% higher at $29.62, Jefferies Group Inc. (NYSE: JEF), which ended the day 4.47% higher at $10.51, and Thompson Creek Metals Company Inc. (NYSE: TC), which ended the day 2.01% higher at $6.08.

European markets ended mostly lower in trading today after Germany, the strongest euro zone economy, struggled to sell 10-year bonds. The FTSE 100 Index in London ended the day 1.29% lower at 5,139.78, and the CAC 40 Index in Paris ended the day 1.68% lower at 2,822.43.

 

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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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