Editor's note: A previous version of this article incorrectly identified Merge Healthcare CFO Justin Dearborn as resigning, when in fact he changed roles to head the newly created Merge DNA. The Fool regrets the error.
European market troubles set off a broad market slide that bottomed out late morning, while the bulls came out to play in the afternoon, helping pare the day's losses. The seemingly never-ending concern from the eurozone re-emerged, as elections have brought new leaders that may shake up the status quo and balk at further austerity measures. Apparently, the only thing investors hate more than a bad plan is uncertainty.
With that in mind, let's take a closer look at how the major indexes fared and drill down on a few stocks that got crushed in today's action.
Index |
Gain / Loss |
Gain / Loss % |
Ending Value |
---|---|---|---|
Dow Jones Industrial Average |
(76.44) | (0.59%) | 12,932.09 |
Nasdaq |
(11.49) | (0.39%) | 2,946.27 |
S&P 500 | (5.86) | (0.43%) | 1,363.72 |
Source: Yahoo! Finance.
The Dow fared worse than the other two major indexes, as all but four components closed in negative territory. This marks the fifth straight decline for the index, as it has firmly retreated beneath 13,000. Hewlett-Packard, Bank of America, and McDonald's were the index's largest decliners, all off more than 2%. However, the following three stocks fared even worse.
The Nasdaq's biggest plunge goes to Fossil
Jaguar Mining
Finally, Merge Healthcare
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