LONDON, June 20, 2013 /PRNewswire/ --
The U.S. equity market saw a sharp decline on Wednesday, June 19, 2013, as market participants
digested comments from Federal Reserve Chairman Ben Bernanke following the release of the Fed's
latest monetary policy statement. Although the Fed maintained its
$85 billion a month bond buying
program for now, commentary from Bernanke suggest that the central
bank might start easing its bond purchases towards the end of this
year if the economy continues to improve. The S&P 500 fell
1.39% yesterday, and the financial sector was one of the worst
performers in the S&P 500. The major movers in the sector
included Hudson City Bancorp Inc. (NASDAQ: HCBK), First Niagara
Financial Group Inc. (NASDAQ: FNFG), People's United Financial Inc.
(NASDAQ: PBCT), and Capitol Federal Financial Inc. (NASDAQ: CFFN).
AAAResearchReports.com has released free charting and technical
research on these aforementioned companies. Register to read these
reports at
http://www.aaaresearchreports.com/register/
Shares in Hudson City Bancorp Inc. fell yesterday, reversing
some of their gains for the week. The company's shares traded
between $8.47 and $8.59 before
closing the day 1.05% lower at $8.48.
A total of 2.50 million shares were exchanged which is below the
daily average volume of 4.23 million. Hudson City Bancorp's shares
are now up 2.29% for this week. The stock is trading near its
52-week high of $8.81. Further,
shares of the company are trading below their 50-day and 200-day
moving averages. Sign up for free report on HCBK at:
http://www.AAAResearchReports.com/HCBK062013.pdf
First Niagara Financial Group Inc.'s stock saw a sharp decline
on Wednesday, tracking losses in the broader market. The company's
shares ended the day 1.50% lower at $9.86 after trading between $9.80 and $10.06. A total of 5.59 million shares
were exchanged during the session which is below the daily average
volume of 2.99 million. However, despite yesterday's pullback, the
company's shares are still trading near their 52-week high. So far
this week, the stock has risen by over 0.80%. The free technical
report on FNFG can be accessed by signing up at:
http://www.AAAResearchReports.com/FNFG062013.pdf
Shares in People's United Financial Inc. slipped on Wednesday as
the broader market struggled. The company's shares traded between
$14.11 and $14.35 before finishing
the day at $14.14, down 1.05%. A
total of 4.15 million shares were traded which is below the daily
average volume of 3.59 million. However, despite the pullback,
People's United Financial shares have risen nearly 2.80% in the
last three market sessions. A free report on PBCT can be accessed
by registering at:
http://www.AAAResearchReports.com/PBCT062013.pdf
Capitol Federal Financial Inc.'s stock moved lower on Wednesday,
reversing most of its gains for this week. The company's shares
ended the day 0.83% lower at $11.89
after trading between $11.85 and
$12.01. A total of 448,392 shares were traded which is
slightly below the daily average volume of 454,347. Capitol Federal
Financial shares are up 0.08% for this week. Additionally, the
stock is currently trading near its 52-week high of $12.29. In the last three months, the stock has
fallen 0.92%, thus underperforming the S&P 500. Register with
AAA Research Reports and download research on CFFN for free at:
http://www.AAAResearchReports.com/CFFN062013.pdf
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