So you finally get to see some growth figures from the ISM and then the market sells off again. We have enjoyed a heck of a run-up and now trading desks are lightening up to boot as we get closer to the 3-day weekend. Today was such a poor result on the market internals that even all the defensive stocks were dropping. Even inverse-leverage ETF's were getting traction again. Bill Gross's bleak outlook probably only added insult to injury today. Here are today's unofficial closing bell levels:
Dow 9,310.60 -185.68 (-1.96%)
S&P 500 998.04 -22.58 (-2.21%)
Nasdaq 1,968.89 -40.17 (-2.00%)
Top Analyst Upgrades
Top Analyst Downgrades
Top Trader Stocks
American International Group, Inc. (NYSE: AIG) saw a day-two dump. This was on the heels of a Bernstein downgrade with a $10 stock target still intact. AIG shares were down another 20% at $36.11 right before the close. That marks almost a $20 pullback from Friday morning's highs.
Ford Motor Company (NYSE: F) posted a 21% gain in auto sales for August, yet Ford shares were down almost 5% at $7.23 ahead of the closing bell.
The Mosaic Company (NYSE: MOS) was one of the few materials stocks that traded higher. The fertilizer and potash player was seeing unusual call options activity today and shares were up 2% at $49.45 right before the closing bell.
Research In Motion Ltd. (NASDAQ: RIMM) was one of the few technology winners as it was given a nice analyst upgrade today. Shares were up almost 1% at $73.77 right before the close.
Wal-Mart Stores Inc. (NYSE: WMT) was the only one of the 30 DJIA components which was still higher right before the close. Shares were up 0.2% at $51.00 in today's final minutes.
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