A combination of disappointing earnings and a contraction in China’s manufacturing sector sent U.S. market sliding Thursday. The Dow Jones Industrial Average was down over 200 points before settling to close at 16,197.35, down 175.99 points or 1.07 percent for the day. The HSBC flash Purchasing Managers Index declined to 49.6 in January, down from 50.5 in December and the lowest reading since July. "This is the first time in many weeks that we've seen this kind of across-the-board volatility," said Adam Grimes, chief investment officer at Waverly Advisors. "There is a clear theme here, that the market doesn't like risk today." Here is how some companies in the S&P 500 Index reacted Thursday:
Discover Financial Services (NYSE: DFS) shares traded in the range of $51.78 to $53.42 Thursday before settling to close at $52.40, a decrease of 2.35 percent. The stock appears to be facing some resistance at the $52.71 and $53.41 levels with some support at $51.50. Shares of Discover Financial Services have gained approximately 35.0 percent in the past year.
More information on Discover Financial Services and access to the free equity report can be found at: www.WallStreetFundamentals.com/DFS
E TRADE Financial Corporation (NASDAQ: ETFC) shares traded in the range of $20.54 to $21.47 Thursday before settling to close at $21.04, a decrease of 2.19 percent. The stock appears to be facing some resistance at the $21.25 and $21.76 levels with some support at $20.86. Shares of E TRADE Financial have gained over 100.0 percent in the past year.
More information on E TRADE Financial and access to the free equity report can be found at: www.WallStreetFundamentals.com/ETFC
F5 Networks, Inc. (NASDAQ: FFIV) shares traded in the range of $102.39 to $109.00 Thursday before settling to close at $102.49, an increase of 5.14 percent. The stock appears to have some support at $102.39, $98.78 and $97.68. Shares of F5 Networks have gained approximately 5.0 percent in the past year.
More information on F5 Networks and access to the free equity report can be found at: www.WallStreetFundamentals.com/FFIV
Raymond James Financial, Inc. (NYSE: RJF) shares traded in the range of $52.83 to $56.31 Thursday before settling to close at $53.24, a decrease of 1.19 percent. The stock appears to be facing some resistance at the $53.37 and $54.71 levels with some support at $51.55. Shares of Raymond James Financial have gained approximately 25.0 percent in the past year.
More information on Raymond James Financial and access to the free equity report can be found at: www.WallStreetFundamentals.com/RJF
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