Worries about the economy and another poor round of economic data (this time July existing home sales) continue to weigh on the markets today. The Dow & S&P are now down 4 straight days, and they are hovering at their lowest levels since the beginning of July.
Quite noticeable today is a troubling spike in new lows at the NYSE. 148 NYSE-listed companies are hitting new lows today – the greatest number since the markets closed at multi-year lows back on March 9, 2009. Over at the NASDAQ, over 200 stocks are seeing new lows today – the highest since July 1 of this year. Meanwhile, 8% of the S&P 500 is hitting new lows today.
Here’s a selection of some of the more notable individual names hitting new lows today:
- 2 Dow components, Bank of America and Hewlett-Packard, continue to fall to new lows.
- Retail new lows: New York & Co., Best Buy, Office Depot, Staples, Gap, Gymboree.
- Homebuilder new lows: KB Home, Toll Brothers, Pulte Homes, Ryland.
- Industrials new lows: Oshkosh, L3 Communications, Raytheon.
- Financials: Wells Fargo, BB&T, Bank of New York, CME Group, Charles Schwab
- Techs: Dell, Seagate, Western Digital, Applied Materials, Yahoo!
