Wednesday's S&P Sector Recap 6/22/11 - Agilent Technologies (NYSE:A), Adobe (NASDAQ:ADBE)

The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session is as follows:

The Consumer Services Sector was the weakest area of the market in Wednesday's session, losing 0.84% on the day. The worst performing stocks in the S&P 500 Consumer Services Sector in today's action were:

1) Gannet

GCI

: Shares of Gannet closed down 3.9% from yesterday's close to $13.61. 2) Gamestop

GME

: Shares of Gamestop closed down 3.5% from yesterday's close to $26.54. 3) Sears Holdings

SHLD

: Shares of Sears Holdings closed down 3.4% from yesterday's close to $71.01.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Carmax

KMX

: Shares of Carmax closed up 7% from yesterday's close to 32.66. 2) Starbucks

SBUX

: Shares of Starbucks closed up 1.5% from yesterday's close to $37.28.

The Technology Sector was one of the weakest areas of the market in Wednesday's session, losing 0.82% on the day. The worst performing stocks in the S&P 500 Technology Sector in today's action were:

1) Adobe Systems

ADBE

: Shares of Adobe closed down 6.25% from yesterday's close to $30.01. 2) LSI

LSI

: Shares of LSI closed down 2.7% from yesterday's close to $6.80. 3) Juniper Networks

JNRP

: Shares of Juniper Networks closed down 2.4% from yesterday's close to $29.53.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Tellabs

TLAB

: Shares of Tellabs closed up 2.3% from yesterday's close to $4.41. 2) F5 Networks

FFIV

: Shares of F5 Networks closed up 1.8% from yesterday's close to $104.81.

The Utilities Sector lost 0.7% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Utilities sector in today's action were:

1) NRG Energy

NRG

: Shares of Energy closed down 1.3% from yesterday's close to $23.40. 2) Ameren

AEE

: Shares of Ameren closed down 1.3% from yesterday's close to $28.49. 3) The AES

AES

: Shares of AES closed down 1.2% from yesterday's close to $12.34.

The Financials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Financials Sector in today's action were:

1) Federated Investors

FII

: Shares of Federated Investors closed down 3.1% from yesterday's close to $24.08. 2) Janus Capital

JNS

: Shares of Janus Capital closed down 3.1% from yesterday's close to $9.15. 3) CB Richard Ellis Group

CBG

: Shares of CB Richard Ellis closed down 2.8% from yesterday's close to $24.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall sector weakness:

1) Kimco Realty

KIM

: Shares of Kimco Realty closed up 0.6% from yesterday's close to $18.27. 2) American Express

AXP

: Shares of American Express closed up 0.6% from yesterday's close to $49.85.

The Consumer Goods Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Consumer Goods sector in today's action were:

1) Nike

NKE

: Shares of Nike closed down 3% from yesterday's close to $81.95. 2) Philip Morris International

: Shares of Philip Morris closed down 2% from yesterday's close to $6.65. 3) Leggett And Platt

LEG

: Shares of Leggett And Platt closed down 1.9% from yesterday's close to $23. 27.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Conagra Foods

CAG

: Shares of Conagra Foods closed up 2% from yesterday's close to $25.42. 2) Lennar

LEN

: Shares of Lennar closed up 1.5% from yesterday's close to $18.10.

The Industrials Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Industrials Sector in today's action were:

1) Boeing

: Shares of Boeing closed down 2.5% from yesterday's close to $72.12. 2) Agilent Technologies

: Shares of Agilent Technologies closed down 1.8% from yesterday's close to $48.95. 3) Cummins

CMI

: Shares of Cummins closed down 1.4% from yesterday's close to $96.08.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's trading session, despite overall Sector weakness:

1) L 3 Communications

LLL

: Shares of L 3 Communications closed up 4.6% from yesterday's close to 86.21. 2) Jabil Circuit

JBL

: Shares of Jabil Circuit closed up 3.2% from yesterday's close to $19.45.

The Health Care Sector lost 0.6% in Wednesday's trading session. The weakest performing stocks in the S&P 500 Health Care Sector in today's action were:

1) Medco Health Solutions

MHS

: Shares of Medco Health closed down 2.6% from yesterday's close to $54.81. 2) Zimmer Holdings

ZMH

: Shares of Zimmer closed down 2.1% from yesterday's close to $62.15. 3) St. Jude Medical

STJ

: Shares of St. Jude Medical closed down 1.9% from yesterday's close to $48.67.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Boston Scientific

BSX

: Shares of Boston Scientific closed up 2% from yesterday's close to $7.06. 2) DENTSPLY International

XRAY

: Shares of DENTSPLY International closed up 1.9% from yesterday's close to $38.32.

The Telecomm Sector lost 0.54% in Wednesday's session. The weakest performing stocks in the S&P 500 Telecomm Sector in today's action were:

1) Sprint Nextel

: Shares of Sprint Nextel closed down 2.3% from yesterday's close to $5.12. 2) Leucadia National

LUK

: Shares of Leucadia National closed down 2% from yesterday's close to $32.74. 3) AT&T

: Shares of AT&T closed down 0.7% from yesterday's close to $30.88.

The Oil & Gas Sector lost 0.4% in Wednesday's session. The weakest performing stocks in the S&P 500 Oil & Gas Sector in today's action were:

1) Occidental Petroleum

OXY

: Shares of Occidental Petroleum closed down 1.4% from yesterday's close to $100.93. 2) Denbury Resources

DNR

: Shares of Denbury Resources closed down 1% from yesterday's close to $19.40. 3) Exxon Mobil

XOM

: Shares of Exxon Mobil closed down 0.9% from yesterday's close to $79.82.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector weakness:

1) Marathon Oil

MRO

: Shares of Marathon Oil closed up 1.2% from yesterday's close to $52.79. 2) Diamond Offshore Drilling

: Shares of Diamond Offshore drilling closed up 1% from yesterday's close to $68.70.

The Basic Materials Sector was the strongest performing area in Wednesday's session, but still lost 0.3% on the day. The weakest stocks in the S&P 500 Basic Materials Sector in today's action were:

1) CF Industries

: Shares of CF Industries closed down 2.8% from yesterday's close to $142.75. 2) Allegheny Technologies

ATI

: Shares of Allegheny Technologies closed down 2.5% from yesterday's close to $59.91. 3) Avery Dennison

AVY

: Shares of Avery Dennison closed down 0.9% from yesterday's close to $37.05.

Strength in the Sector: The following stocks showed signs of strength in Wednesday's session, despite overall Sector Weakness:

1) Alpha Natural Resources

ANR

: Shares of Alpha Natural Resources closed up 1.8% from yesterday's close to $43.61. 2) Newmont Mining

NEM

: Shares of Newmont Mining closed up 1.5% from yesterday's close to $54.09. 3) United States Steel

: Shares of United States Steel closed up 1.1% from yesterday's close to $42.60.

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