Stock Market Watch

Stocks Headed for a Lower Finish

by ·


Stocks are headed for a lower finish in trading today following two straight days of gains. Stocks have fallen sharply in trading today on rising worries about the euro zone debt crisis and a slowdown in China, the world’s fastest growing major economy.

At last check, the Dow Jones was trading 0.79% lower at 12,883.50, the S&P 500 was trading 1.03% lower at 1,373.31, and the Nasdaq was trading 1.25% lower at 3,017.34.


All sectors in the S&P 500 are headed for a lower finish in trading today. Basic Materials and Energy stocks have been among the worst performers in trading today as China’s growth worries have dragged both sectors down sharply. At last check, Basic Materials stocks were trading 1.17% lower, and Energy stocks were trading 1.33% lower. Financials are also down sharply in trading today. At last check, the sector was trading 1.86% lower. Technology stocks are currently trading 1.28% lower.

Among the major gainers and losers in late trading today are Coinstar Inc. (NASDAQ: CSTR), which is currently trading 8.07% higher at $66.25, iGATE Corporation (NASDAQ: IGTE), which is currently trading 11.07% higher at $19.07, Zoom Technologies Inc. (NASDAQ: ZOOM), which is currently trading 4.73% lower at $1.41, Network Engines Inc. (NASDAQ: NEI), which is currently trading 25.87% lower at $1.06, MIPS Technologies Inc. (NASDAQ: MIPS), which is currently trading 3.80% lower at $6.33, Infosys Ltd. (ADR) (NASDAQ: INFY), which is currently trading 13.56% lower at $49.07, and Cheniere Energy Partners LP (AMEX: COP), which is currently trading 3.50% higher at $23.68.

 

More Posts by this author

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.


Tags:

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.

You may also like...