The rally is over. The markets took a fairly large dive with massive selloffs sending the major indices to close down around 3% on average. Not even news of last night's stimulus pass in the House could keep the financials afloat Thursday. The sector was down more than 5% on the day.
Here are Thursday’s winners and losers:
Winners
Symantec Corp. (SYMC)
Despite a more than $6 billion quarterly loss and continuing lack in demand for software, shares were up more than 5.5% on Thursday. The stock closed at $15.46, a gain of 83 cents.
AutoNation Inc. (AN)
After reporting better than expected earnings in the fourth quarter, the stock gained 4.7%. It closed the session at $9.67, up 43 cents.
SLM Corp. (SLM)
Sallie Mae announces a preferred dividend of 87 cents per share, helping the stock finish up 48 cents, or 4.5%. It last traded at $11.21.
Boston Scientific Corp. (BSX)
News that the company may beat Wall Street’s 2009 expectations helped the stock end the session up 3%. It ended trading at $8.76 a gain of 26 cents.
American Electric Power Co. Inc. (AEP)
The cold winter has to be helping AEP out -- after reporting a loss in the fourth quarter, the stock still traded up 94 cents, or 3%, on the day to close at $32.70.
Losers
Textron Inc. (TXT)
The aerospace company tumbled after it reported a loss for the fourth quarter and gave a weak 2009 outlook. Shares fell $4.21, or 32%, to close at $9.09.
Eastman Kodak Co. (EK)
The photography giant was feeling the pain as shares dropped $2.08, or 30%, to finish the trading session at $4.99.
American Capital Ltd. (ACAS)
Following sector and market trends, shares fell nearly 24% on the day. It last traded at $3.14, down 98 cents.
The Black & Decker Corporation (BDK)
Shares of BDK were more like Black & Bluer -- after reporting earning that were less than enjoyable, shares plummeted nearly 21%. It finished at $30.65, down $8.09.
Allstate Corp. (ALL)
The insurer decline a day after reporting fourth-quarter earnings. Shares fell $23.50, or 21%, Thursday to close at $6.14.
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