Results for Tuesday, March 11
● Standard & Poor’s 500: -0.08 percent to 1,875.61
● Dow Jones Industrial Average: -0.07 percent to 16,406.69
● NASDAQ Exchange: +0.10 percent to 4,338.66
Stocks struggled throughout Tuesday’s trading session as concerns about the Chinese economy take on a more serious tone, especially in the wake of the country’s first ever bond default, a fact that was revealed the week before. The benchmark S&P 500 and Dow Industrials ended the day slightly lower once again, though the NASDAQ Exchange managed to reach positive territory by the closing bell, as the street attempts to make sense of not only the Chinese economy, but also ongoing events in Ukraine, and Treasury spending that most expect will continue to be curtailed in the wake of new signs that the US economy is continuing its recovery.
Our Top Stories
● Equities.com Senior Editor Joel Anderson is currently covering the 26th annual ROTH Conference. You won’t want to miss his coverage of the panel discussion on the Affordable Care Act, and especially his write-up on the cybersecurity panel.
● Senior Editor Jacob Harper discusses five tech stocks that the market might be overlooking right now.
● Andrew Klips on the SEC’s halting of trading of a number of stocks, including George Foreman Enterprises Inc. (GFME) .
● Benjamin Cox of Oreninc Research gives his assessment of the scene in Toronto last week at the Prospectors & Developers Association of Canada’s annual conference.
● Equities.com’s conversation with 420Investor.com-founder Alan Brochstein on the future of marijuana stocks.
● The Energy Report sat down with Justin Anderson of Salman Partners to talk oil and gas stocks.
● Meanwhile, Loewen Ondaatje McCutcheon senior mining analyst Michael Fowler spoke with The Gold Report about some compelling mid-tier gold plays.
● Don’t miss Guild Investment Management’s piece on what to expect from pension funds in near the future.
● Senior Editor Michael Teague takes a look at five materials plays that institutions have been buying a lot more of lately.
Plug Power Inc (PLUG) saw shares off by 41 percent at the closing bell, and on the heaviest trading of the day after well-known short-seller Citron Research took the stock to task in a report released early in the day.
Tech stocks overall took the highest-volume losses overall, with Facebook (FB) , Verizon Communications (VZ) , and Cisco Systems (CSCO) among the stocks that ended the day lower. US automobile manufacturers also had a rough day, with losses for both Ford Motors (F) and General Motors (GM) , but turnaround retailer J.C. Penney (JCP) along with steel giant Alcoa (AA) rose 3 and 2 percent respectively. Microturbine manufacturer Capstone Turbine Corp. (CPST) jumped over 11 percent, extending yet again a rally that began in February and has fed off of the green energy frenzy ignited by Plug Power.
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