One out of four stocks on the S&P 500 Thursday are firmly in correction territory, or down 20% or more off their 52-week highs. At last count, 133 stocks on the index are bearish, according to FactSet data, paced by Freeport-McMoran Inc. , Chesapeake Energy Corp. , and Consol Energy Inc. , which are all down more than 70% from their 52-week highs. Other notable stocks down 50% or more from their 52-week highs include Keurig Green Mountain Inc. , Micron Technology Inc. , and Wynn Resorts Inc. . Notable stocks that just slipped 20% or more below their 52-week highs on Thursday include Monsanto Co. , Dow Chemical Co. , General Motors Co. , and Texas Instruments Inc. . On the Dow Jones Industrial Average , nearly one third of components are bearish, with Chevron Corp. , DuPont , and Caterpillar Inc. leading laggards off their 52-week highs.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News