Stocks posted their biggest one-day decline since August 1
today. But that was after the S&P 500 reached a new four-year
The benchmark U.S. index topped 1,420 in mid-day trading
before pulling back in the final few hours. It was the highest
S&P 500 stocks have touched since May 2008 - a new
post-recession era high.
The index finished the day down 0.3% - only the second down
day of any substance for the S&P this month. The Dow Jones
Industrial Average dropped a bit further, falling a full
half-percent. The Nasdaq declined 0.35%.
Though stocks were down, several small- and mid-caps posted
big gains. Here are three that stood out:
Urban Outfitters (
The trendy clothing retailer is trending upward after its
second-quarter earnings were better than expected. URBN shares
gained more than 18% after reporting that net income was up 8%
last quarter. The stock closed at $37 a share - its highest
level in nearly 18 months.
Green Mountain Coffee Roasters (
The Vermont-based coffee company has
from its six-month slumber. Shares of the beaten-down stock - a
neighbor - were up more than 6% today. The stock has now gained
32% since bottoming out at $17 in late July. Don't expect the
rally to last too much longer, however. Patents on the coffee
maker's signature K-Cup packets are set to expire next
U.S. Airways (
Comments from a
executive pushed shares of this small-cap airliner up 8% today.
U.S. Air is vying to merge with American Airlines, which
recently declared bankruptcy, and JetBlue CEO Dave Barger's
claim that his company is not interested in merging with
American means there is now one less airline for U.S. Air to
compete with for American's attention.