"There was weakness overnight in Europe, and domestic futures indicated lower prices at the open," noted Schaeffer's Senior Equity Analyst Joe Bell, CMT. "Despite a lack of major economic news, the markets slid, and had one of their biggest down days in weeks." Against this backdrop, the Dow Jones Industrial Average (DJI) suffered a triple-digit loss.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 16,441.35) faltered at the sound of the opening bell, and ended up closing 135.3 points, or 0.8%, lower on the day. The Dow's three advancers were led by Wal-Mart Stores, Inc. (NYSE:WMT) -- which gained 0.3% -- while Du Pont (NYSE:DD) and General Electric Company (NYSE:GE) led the 27 decliners with losses of 1.9% each.
The S&P 500 Index (SPX - 1,831.98) also headed south right out of the gate, and ended the session with a loss of 16.4 points, or 0.9%. Meanwhile, the Nasdaq Composite (COMP - 4,143.07) was off 33.5 points, or 0.8%, by the closing bell.
Elsewhere, the CBOE Volatility Index (VIX - 14.23) was parked in the black for the entire day, and finished 0.5 point, or 3.7%, higher.
A Trader's Take:
"Despite a ton of weakness across the board, many solar stocks had a really nice day," Bell observed. "These names were among 2013's big leaders, and it was nice to see some of the momentum continue during such a weak session."
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
Recent XIV Action May Bode Well for Bulls
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