Stocks Headed for a Sharply Lower Finish
Stocks are headed for a sharply lower finish in trading today, with all three major indexes near session lows currently. Stocks have tumbled for a second time in the last three trading sessions amid rising worries over the euro zone debt crisis and global economic slowdown.
At last check, the Dow Jones was trading 1.12% lower at 12,499.40, the S&P 500 was trading 1.65% lower at 1,313.04, and the Nasdaq was trading 1.97% lower at 2,835.54.
All sectors in the S&P 500 are headed for a sharply lower finish in trading today. Energy sector is leading the losses in the S&P 500 in late trading today. At last check, the sector was down 2.32%. Technology sector has also fallen sharply in trading today. At last check, the sector was trading 2.25% lower. Basic Materials sector is down 1.32% currently, while Industrials are down 1.58% currently. Financials are down 1.92% in late trading.
Among the major losers in late trading today are Kirby Corporation (NYSE: KEX), which is currently trading 11.29% lower at $45.33, Veeco Instruments Inc. (NASDAQ: VECO), which is currently trading 10.95% lower at $30.34, Impax Laboratories Inc. (NASDAQ: IPXL), which is currently trading 11.93% lower at $20.12, Shire Plc (ADR) (NASDAQ: SHPGY), which is currently trading 9.68% lower at $82.52, and Key Energy Services Inc. (NYSE: KEG), which is currently trading 10.18% lower at $7.15.
Among the major gainers in late trading today are Constellation Brands Inc. (NYSE: STZ), which is currently trading 10.22% higher at $21.35, and Teva Pharmaceuticals Industries Ltd. (ADR) (NYSE: TEVA), which is currently trading 4.89% higher at $39.87.
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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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