{"id":47318,"date":"2013-09-18T12:05:00","date_gmt":"2013-09-18T12:05:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-turn-lower-by-mid-day-trade\/47313\/"},"modified":"2013-09-18T12:05:00","modified_gmt":"2013-09-18T12:05:00","slug":"stocks-turn-lower-by-mid-day-trade","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-turn-lower-by-mid-day-trade\/47318\/","title":{"rendered":"Stocks Turn Lower By Mid-Day Trade"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Stocks swung to negative territory by mid-day trade as market participants wait for the policy rate statement from the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>, later in the afternoon.<\/p>\n<p><span id=\"more-47318\"><\/span><\/p>\n<p>At last check, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> edged down 0.27%; the NASDAQ Composite Index fell 0.17% while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Index lost 0.19%.<\/p>\n<p>Shares of Cracker Barrel Old Country Store Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CBRL\" target=\"_blank\" rel=\"noopener\">NASDAQ: CBRL<\/a>) fell sharply on Wednesday. The Company reported better-than-expected earnings for the fiscal fourth quarter. Revenue also topped analysts\u2019 expectation. However, the Company handed downbeat outlook for the fiscal first quarter.<\/p>\n<p>Shares of Adobe Systems Incorporated (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ADBE\" target=\"_blank\" rel=\"noopener\">NASDAQ: ADBE<\/a>) rallied on Wednesday. The software maker, known for its Acrobat and Photoshop software, handed weaker-than-expected earnings for the fiscal third quarter after the market close on Tuesday. The bottom felt the pressure due to fall in revenue (which was mainly due to company\u2019s new subscription based revenue model). The outlook for the fiscal fourth quarter also fell short of estimation. However, Creative Cloud Subscriptions crossed 1 million mark in the third quarter.<\/p>\n<p>Embattled smartphone maker, Blackberry Ltd. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BBRY\" target=\"_blank\" rel=\"noopener\">NASDAQ: BBRY<\/a>) unveiled its new phone, Z30, aimed at countering competition from rival Apple\u2019s iPhone 5S and Samsung Galaxy S4. Shares edged up slightly.<\/p>\n<p>On the U.S. economic front, housing starts rose 0.9% in August to a seasonally adjusted rate of 891,000 units, according to the Commerce Department. Economists surveyed by Reuters had expected 2.1% increase. July\u2019s housing starts were downwardly revised to 883,000 unit-pace from 896,000.<\/p>\n<p>The <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>\u2019s two-day Open Market Committee Meeting (FOMC) will conclude at 2:00 p.m. EST. The Fed\u2019s Chairman, Ben Bernanke will address a press conference at 2:30 p.m. EST. It is widely anticipated that the Fed will reduce its asset purchase program by $10 billion to $15 billion.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-turn-lower-by-mid-day-trade\/47318\" data-title=\"Stocks Turn Lower By Mid-Day Trade\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130920044540js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-on-a-mixed-note-75\/47347\"><br \/>\nStocks End on a Mixed Note<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-catapult-as-fed-opts-to-not-taper-qe3-siler-prices-also-surge\/47345\"><br \/>\nGold Prices Catapult As Fed Opts To Not Taper QE3; Siler Prices Also Surge<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-shed-early-gains-3\/47342\"><br \/>\nStocks Shed Early Gains<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-gain-in-early-trade-8\/47340\"><br \/>\nStocks Gain in Early Trade<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-near-seven-month-low-yen-falls-sharply\/47337\"><br \/>\nForex Market Update: Dollar Index Near Seven Month Low, Yen Falls Sharply<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-climb-more-than-4-silver-prices-soar-as-well\/47334\"><br \/>\nGold Prices Climb More Than 4%, Silver Prices Soar As Well<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-gain-9\/47333\"><br \/>\nStock Futures Gain<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130920044540im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks swung to negative territory by mid-day trade as market participants wait for the policy rate statement from the Federal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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