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Stocks move lower for second day in a row

Closing out the day… Stocks moved lower Thursday, continuing declines that started on Wednesday after comments from the Federal Reserve. A mixed quarterly report from Walmart did little to allay investors' concerns about the economy.

Among the high-volume stocks today Google (GOOG), Walmart (WMT) and Wells Fargo (WFC) booked gains while Bank of America (BAC), Michael Kors Holdings (KORS) and Facebook (FB) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 15.27 after opening at 14.68. The Put/Call Volume Ratio is at 0.94 while the Put/Call Open Interest ratio is at 0.93. [InvestorsKeyhole, various news and data sources]

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.