Stock Market Watch

Stocks Headed for a Second Straight Lower Finish

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Stocks are headed for their second straight lower finish, with all three major indexes in red in late trading. Stocks have slipped on renewed worries about the euro zone debt crisis and as hopes of additional round of quantitative easing from the Federal Reserve have faded.

At last check, the Dow Jones was trading 0.84% lower at 13,088.86, the S&P 500 was trading 0.90% lower at 1,400.60, and the Nasdaq was trading 1.40% lower at 3,070.13.


All sectors in the S&P 500 are down sharply in late trading today. Basic Materials stocks are leading the losses in the S&P 500 in late trading today. At last check, Basic Materials stocks were trading 1.93% lower. Energy stocks are also sinking in trading today. At last check, Energy stocks were down 1.51%. Consumer Cyclical stocks are currently trading 1.58% lower, while Financials are currently trading 1.23% lower. Technology stocks are down 1.49% in late trading.

Among the major losers in late trading today are Monsanto Company (NYSE: MON), which is currently trading 1.31% lower at $80.73, Acuity Brands Inc. (NYSE: AYI), which is currently trading 9.66% lower at $57.50, SanDisk Corporation (NASDAQ: SNDK), which is currently trading 10.64% lower at $44.72, and Thoratec Corporation (NASDAQ: THOR), which is currently trading 4.63% lower at $32.76.

Among the major gainers in late trading are SmartHeat Inc. (NASDAQ: HEAT), which is currently trading 60.95% higher at $8.45, DDi Corp. (NASDAQ: DDIC), which is currently trading 5.47% higher at $12.93, and LiveDeal Inc. (NASDAQ: LIVE), which is currently trading 18.15% higher at $4.87.

European markets also fell today, with all major indexes in the region ending sharply lower. The FTSE 100 Index in London ended the day 2.30% lower, while the CAC 40 Index in Paris ended the day 2.74% 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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