Stock Market Watch

Stocks in Red in Late Trading

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Stocks are down in late trading today, with all three major indexes currently in red. Earlier today, all three major indexes had risen sharply as investors reacted positively to the Federal Reserve’s pledge to keep interest rates low until late 2014. However, a weak housing market report has weighed down investors’ sentiment.

At last check, the Dow Jones was trading 0.13% lower at 12,740.65, the S&P 500 was trading 0.54% lower at 1,318.83, and the Nasdaq was trading 0.45% lower at 2,805.64.


Energy stocks are leading the losses in the S&P 500 in late trading. At last check, Energy stocks were trading 0.81% lower. Financials have also fallen sharply in late trading. At last check, Financials were trading 0.65% lower. Industrials are currently trading 0.22% lower. Basic Materials and Transportation stocks are holding on to their gains in late trading. At last check, Basic Materials stocks were trading 0.41% higher, while Transportation stocks were trading 0.56% higher.

Among the major gainers and losers in late trading today are Caterpillar Inc. (NYSE: CAT), which is currently trading 2.67% higher at $111.94, CARBO Ceramics Inc. (NYSE: CRR), which is currently trading 19.83% lower at $105.05, Time Warner Cable Inc. (NYSE: TWC), which is currently trading 7.57% higher at $74.34, Monster Worldwide Inc. (NYSE: MWW), which is currently trading 18.26% lower at $7.34, RealNetworks Inc. (NASDAQ: RNWK), which is currently trading 30.07% higher at $9.56, Momenta Pharmaceuticals Inc. (NASDAQ: MNTA), which is currently trading 20.98% lower at $15.10, and J.C. Penney Company Inc. (NYSE: JCP), which is currently trading 14.67% higher at $39.33.

European markets ended sharply higher in trading today as investors cheered Fed’s commitment to keep rates low for a prolonged period. The EURO STOXX 50 Index ended the day 1.62% higher at 2,640.40 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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