The Hunt for the Next 10 Bagger

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U.S. stocks end lower; S&P 500 flat on the year
NEW YORK (MarketWatch) - The U.S. stock market extended losses for the second day and finished lower Thursday, amid concerns that improving economic indicators might force the Fed to start raising rates sooner than anticipated. The fourth-quarter GDP figures were revised up, while a drop in weekly jobless claims was larger than expected. The S&P 500 (SNC:SPX) ended the day 3.52 points, or 0.2%, lower at 1,849.04, below a key support level of 1,850. Losses on the index were led by technology and financials sector stocks. The benchmark index erased gains for the year. The Nasdaq Composite (NASDAQ:COMP) finished the day 22.35 points, or 0.5%, lower at 4,151.23. The tech-heavy index turned negative for the year after heavy losses on Wednesday and is now underperforming the large-cap stocks. The Dow Jones Industrial Average (DJI:DJIA) closed 4.76 points lower at 16,264.23.