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Stocks sold off for a third consecutive day on Tuesday, with the Nasdaq leading the markets lower.
The Dow ended the day lower by 130.84. The Nasdaq Composite lost 32.62. And the S&P 500 closed down 11.91.
Here are 7 Stocks You Need to Know for Wednesday.
Energy stocks were among the most impressive performers to the upside on Tuesday, with Peabody Energy Corporation (BTU | Quote | Chart | News | PowerRating) and Massey Energy Company (MEE | Quote | Chart | News | PowerRating) both climbing by more than 7%.
Among the biggest decliners in the Dow industrials was American International Group (AIG | Quote | Chart | News | PowerRating), which lost nearly 6% on Tuesday.
Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) beat analysts' earning estimates by three cents in its report Tuesday after the markets closed.
A settlement with U.S. prosecutors in a Medicaid fraud case sent shares of WellCare Health Plans (WCG | Quote | Chart | News | PowerRating) soaring by more than 10%.
BJ's Wholesale (BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the bell. Analysts are expecting EPS of $0.57.
Shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) fell more than 12%, rapidly closing in on the historic, multi-year July lows.
Do you think Lehman Brothers will be Up or Down on Thursday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!
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