Join        Login             Stock Quote

Closing Update: Stocks End Lower After Mixed Session To Mark Two-Year Anniversary Of Bull Run's Start

 March 09, 2011 04:54 PM

-NYSE down 14.60 (-0.2%) to 8,379.44

-DJIA down 1.29 (-0.01%) to 12,213

-S&P 500 down 1.80 (-0.1%) to 1,320

-Nasdaq down 14.05 (-0.5%) to 2,752


Hang Seng up 0.42%

Nikkei up 0.61%

FTSE down 0.63%


(-) RIG gets favorable analyst coverage.

(+) COOL continues evening gain that followed results.

(+) AVAV continues evening gain that followed results.

(+) CRDN boosts guidance.

(+) BLT beats with Q4 results.

(-) VELT gets favorable analyst coverage.

(+) AEZS inks Japan deal.

(+) HERO beats with results.

(+) STP continues gain Tuesday that followed improved quarter.

(+) AEO results top year-ago period; CEO to retire.

(+) PLCE issues mixed results, guides below Street, sets buyback.


(-) FNSR warns for Q4.

(-) JDSU follows FNSR after warning.

(-) ALU follows FNSR after warning.

(-) OCLR follows FNSR after warning.

(-) CIEN follows FNSR after warning, own results Tuesday.

(-) EPB selling shares.

(-) DYN warns of possible bankruptcy.

(-) POT downgraded.


Stocks closed just in the negative following a mixed session. Investors gauged continuing conflict in the Middle East and North Africa along with worrisome outlooks from the tech sector and data that showed a rise in wholesale inventories that topped expectations.

Crude oil futures closed lower after a government report showed a larger-than-expected 2.5 million-barrel increase in weekly U.S. oil inventories. April crude fell 64 cents to end at $104.38 a barrel on the New York Mercantile Exchange.

Still, gasoline futures finished higher as the data also revealed a 5.5 million-barrel decline in supplies of the fuel. April gasoline tacked on 8 cents, or 2.7%, to close at $3.027 a gallon.

Libyan forces loyal to Muammar Gaddafi surrounded rebels in the western city of Zawiyah with tanks and snipers in the main square, witnesses said, according to news reports.

Adding to concerns about the global economy, the Portuguese government's two-year cost of borrowing hit the highest level since it joined the euro in a bond auction on Wednesday, and an official said yields were unsustainable in the long run without Europe-wide action, the AP reported.

A report showed U.S. wholesale inventories increased more-than-expected, rising 1.1% to a seasonally-adjusted $436.88 billion in January. That is the highest level since November 2008. Economists had expected a 0.9% increase.

Next Page >>123
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageAvoid Amazon Before It Disappoints Again

Heading into the 2013 holiday season, the Amazon.com, Inc. (Nasdaq: AMZN) juggernaut could not be read on...

article image4 Most Hated Dividend Stocks You Should Know Before You Invest

Shorting stocks is always risky for investors. But it can be a sure way to avoid burning cash when a read on...

article imageAnother Long Uptrend in Stocks is Unlikely to Occur in the Near Future

The last golden cross in S&P 500 occurred on January 31, 2012. The 50-dma has stayed above the 200-dma for read on...

article imageThe $7 Billion Reason To Short Retail

After nine months of fruitless negotiations, the International Longshore and Warehouse Union and the read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.