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
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:
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:
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:
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:
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