Stock Market Watch

Stocks Headed for a Sharply Lower Finish

by ·


Stocks are headed for a sharply lower finish in trading today, with all three major indexes near session lows in late trading. Stocks have been pushed lower by rising worries about political uncertainty in Greece. Investors are worried that the political unrest in Greece will limit the county’s ability to tackle the ongoing debt crisis.

At last check, the Dow Jones was trading 1.08% lower at 12,868.29, the S&P 500 was trading 1.09% lower at 1,354.81, and the Nasdaq was trading 1.11% lower at 2,924.90.


All sectors in the S&P 500 are headed for a sharply lower finish in trading today. Energy stocks are leading the losses in the S&P 500 in late trading. At last check, the sector was trading 2.41% lower. Basic Materials stocks are also down sharply in late trading. At last check, the sector was trading 2.08% lower. Consumer Cyclical stocks are currently trading 2.10% lower.

Among the major losers in late trading today are Fossil Inc. (NASDAQ: FOSL), which is currently trading 37.78% lower at $78.25, Scotts Miracle-Gro Co. (NYSE: SMG), which is currently trading 16.75% lower at $45.79, MAKO Surgical Corp. (NASDAQ: MAKO), which is currently trading 35.72% lower at $26.61, and Rackspace Hosting Inc. (NYSE: RAX), which is currently trading 11.09% lower at $51.39.

Among the major gainers in late trading today are Generac Holdings Inc. (NYSE: GNRC), which is currently trading 26.26% higher at $29.02, Vitamin Shoppe Inc. (NYSE: VSI), which is currently trading 13.56% higher at $50.83, and OfficeMax Incorporated (NYSE: OMX), which is currently trading 11.14% higher at $4.89.

European markets also fell sharply in trading today on worries about Greece. The FTSE 100 Index in London ended the day 1.78% lower at 5,554.55, and the CAC 40 Index in Paris ended the day 2.78% lower at 3,124.80.

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...