Join        Login             Stock Quote

Indices Roll Over

 December 08, 2011 07:22 PM

The stock market indices had a very difficult session today, opening lower, and then stair-stepping their way down most of the day. In the last hour they rallied back sharply, but rolled over on some negative news from Europe, and closed near the lows for the day going away. In the last couple minutes they bounced off the spike lows that kept them from closing at the exact lows of the day.

Net on the day, the Dow closed just under 12,000 at 11,997.70, down 198.67, about 30 points off the low. The S&P 500 was down 26.66 at 1234.35, about 3 points off its low, and the Nasdaq 100 was down 37.95 at 2282.59, 4 points off its low.

Advance-declines were about 26 to 4 negative on the New York Stock Exchange, and 21 1/2 to 3 1/2 on Nasdaq. Those were very wide ratios. Up/down volume on New York was horrendous, with 900 million down and only 7 million up. Nasdaq had 1.56 billion down and 240 million up, and a 7 to 1 negative volume ratio.

[Related -Gold hasn’t lost its allure in my portfolio]

It was a very, very negative day on Wall Street. However, in spite of such a down day, Apple Inc. (AAPL) was up 1.57 to 390.66 today.

TheTechTrader.com board, as a result, had quite a few losers, but there were some gainers today. On the plus side Affymax, Inc. (AFFY) had a big day, up 2.12 to 7.98, or 36%, on 21 million shares. That's enormous volume for that stock. E-Commerce China Dangdang Inc. (DANG) jumped 92 cents to 5.57, or 20%, and Central European Distribution Corp. (CEDC) was up 96 cents to 6.07, or 19%.

[Related -Netflix, Inc. (NFLX) Q4 Earnings Preview: What To Watch?]

In addition, G-III Apparel Group, Ltd. (GIII) jumped 3.66 to 24.02, Coinstar Inc. (CSTR) was up 3.45 to 47.45, Spreadtrum Communications Inc. (SPRD) 1.89 to 22.61, Groupon, Inc. (GRPN) 1.12 to 22.27, and SodaStream International Ltd. (SODA) 83 cents to 35.96.

The ultra-shorts had a very good day.

Next Page >>12
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at 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.