Stock Market Watch

Stocks Lower in Early Trading

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Stocks are lower in early trading today as investors remain on the edge amid ongoing worries about the euro zone debt crisis.

At last check, the Dow Jones was trading 0.11% lower at 12,585.31, the S&P 500 was trading 0.13% lower at 1,323.12, and the Nasdaq was trading 0.14% lower at 2,870.27. All three major indexes had finished lower on Wednesday on concerns about Greece.


Financials are leading the losses in the S&P 500 for a second straight day. At last check, the sector was trading 0.66% lower. Industrials are also down sharply in early trading today. At last check, the sector was trading 0.32% lower. Consumer Cyclical stocks have been the best performers in the S&P 500 in early trading. At last check, the sector was trading 0.40% higher.

Among the major gainers and losers in early trading today are Jack in the Box Inc. (NASDAQ: JACK), which is currently trading 5.35% higher at $23.65, Abercrombie & Fitch Co. (NYSE: ANF), which is currently trading 2.33% lower at $38.58, NetEase Inc. (ADR) (NASDAQ: NTES), which is currently trading 7.47% higher at $62, Darden Restaurants Inc. (NYSE: DRI), which is currently trading 1.56% lower at $52.54, and Children’s Place Retail Stores Inc. (NASDAQ: PLCE), which is currently trading 4.42% higher at $46.50.

On the economic front, a report released by the Labor Department today showed that initial jobless claims were unchanged last week at 370,000. Economists were expecting jobless claims to fall to 365,000 last week. The four-week moving average for initial jobless claims fell 4,750 to 375,000.

European markets are mostly lower in trading today, with the FTSE 100 Index in London down 1.07% currently, and the CAC 40 Index in Paris down 0.76% currently. Asian markets ended on a mixed note earlier today.

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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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