Stock Market Watch

Stocks Headed for a Sharply Lower Finish

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Stocks are headed for a sharply lower finish in trading today despite a better than expected initial jobless claims report for last week. Investors’ sentiment has been weighed down by a weak ISM non-manufacturing report and comments from European Central Bank president Mario Draghi.

At last check, the Dow Jones was trading 0.69% lower at 13,176.62, the S&P 500 was trading 0.90% lower at 1,389.72, and the Nasdaq was trading 1.33% lower at 3,019.18.


All sectors in the S&P 500 are sharply lower in trading today. Basic Materials stocks are leading the losses in the S&P 500 in late trading. At last check, the sector was trading 1.69% lower. Energy stocks are also down sharply in late trading. At last check, the sector was trading 1.56% lower. Financials are currently trading 1.13% lower. Consumer Cyclical stocks are currently trading 1.22% lower. Industrials are down 1.37% in late trading.

Among the major losers in trading today are Health Net Inc. (NYSE: HNT), which is currently trading 25.52% lower at $27.05, Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), which is currently trading 49.34% lower at $25.09, Valeant Pharmaceuticals International (NYSE: VRX), which is currently trading 7.72% lower at $52.09, and ValueClick Inc. (NASDAQ: VCLK), which is currently trading 23.43% lower at $16.54.

Among the major gainers in late trading today are VirnetX Holding Corporation (AMEX: VHC), which is currently trading 23.20% higher at $28.73, Kensey Nash Corporation (NASDAQ: KNSY), which is currently trading 32.20% higher at $38.35, and Teradata Corporation (NYSE: TDC), which is currently trading 7.31% higher at $77.47.

European markets ended on a mixed note earlier today, with the FTSE 100 Index in London closing 0.15% higher, and the CAC 40 Index in Paris closing 0.09% lower. Earlier, Asian markets also ended on a mixed note.

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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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