Jan 7, 2013 – Stocks declined today as we head into earnings seasons.  Looks like investors are taking a breather from last week’s gains when stocks reached highs not seen since December 2007. Earnings season kicks off tomorrow and Alcoa will be the first company to report revenue.

Major averages are down across the board
MarketUpdaate - Indexes - 1.7

Most Active Stocks – Top Losers By Percentage (NYSE & NASDAQ)Losers - 1.7

  • ITT Educational Services (ESI): ITT’s stock was the biggest NYSE loser today, ending down -19.28%. ITT announced that it will be paying $46 million to settle a loan agreement litigation case that Sallie Mae had brought against it.
  • Ferro Corp. (FOE) was the next biggest decliner on the NYSE. The stock, FOE, plunged -15.32%. Note, however, that the stock has risen a whopping 82.07% in just the last two months.

Most Active Stocks – Top Gainers By Percentage (NYSE & NASDAQ)
Top Gainers

  • Medical Action Industries (MDCI), a company that manufactures and supplies disposable medical products was the highest gaining stock on the Nasdaq today. The stock rose 25.73% to close at $4.74. In the last three months, MDCI stock had declined -22.70%