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A Troubling Large Number of New Lows

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!
Symbol
Price
 
Change
%Change
CSBF
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NOVU
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BBT
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ORLOVS1
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CME
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DELL
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GPS
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HPQ
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KBH
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LLL
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NWY
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ODP
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OSK
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RTN
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RYL
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SCHW
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SPLS
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STX
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TOL
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WDC
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WFC
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AABA
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