Stock Market Watch

Stocks Shed Gains in Late Trading

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Stocks pared their gains in late trading to finish the day flat. All three major indexes had risen sharply earlier today after the November jobs report showed a surprise drop in unemployment rate.

Unemployment rate in the U.S. fell to 8.6% in November, a two and a half year low and down from 9% in October. The U.S. economy, meanwhile, added 120,000 jobs in the month of November. The jobs report pushed all three major indexes higher in early trading.


Stocks were initially also pushed higher on hopes that the euro zone debt crisis will be contained. However, the momentum was lost in late trading and all three major indexes ended flat. The Dow Jones ended the day 0.01% lower at 12,019.42, the S&P 500 ended the day 0.02% lower at 1,244.28, and the Nasdaq ended the day 0.03% higher at 2,626.93.

Consumer Cyclical and Financial stocks were the best performers in the S&P 500 today. Consumer Cyclical stocks ended the day 1% higher, while Financials ended the day 1.10% higher. Healthcare stocks were the worst performers in trading today, ending the day 1.01% lower. Utilities also fell sharply in trading today, ending the day 0.81% lower.

Among the major gainers and losers in trading today were Navios Maritime Holdings Inc. (NYSE: NM), which ended the day 14.71% higher at $3.90, Zumiez Inc. (NASDAQ: ZUMZ), which ended the day 24.05% higher at $28.99, H&R Block Inc. (NYSE: HRB), which ended the day 6.41% lower at $15.03, Research In Motion Limited (NASDAQ: RIMM), which ended the day 9.74% lower at $16.77, Alexander & Baldwin Inc. (NYSE: ALEX), which ended the day 16.63% higher at $44.39, PVH Corp. (NYSE: PVH), which ended the day 7.63% higher at $72.78, and Big Lots Inc. (NYSE: BIG), which ended the day 8.68% lower at $36.28.

 

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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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