Services Sector Wrap

Markets FOXBusiness

The Services sector (IYC) held steady during a trading day that saw the S&P 500 grow 2%.

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Dolby Laboratories (DLB) was one of the sector's big losers, as its price dropped 14.3% (-$5.13) to close at $30.67. 3.5 million shares of the stock moved. The stock traded in a range of $30.27 to $33.11. The stock has fallen over the last three months, dropping $14.07 (-31.4%) from $44.74 on May 8, 2012.

Stantec (STN) was a major gainer in the sector, rising 11.3% (+$3.18) to close at $31.35 with 24,560 shares moving. The stock traded in a range of $28 to $32. The stock has seen some positive movement recently as shares are up $3.68 (13.3%) from a price of $27.67 on July 27, 2012. Ascent Capital Group (ASCMA) also gained today, climbing $3.71 (+7.6%) to close at $52.21.

eLong (LONG) fell 9.5% to close at $12.35, crossing its 50-day moving average of $12.09.

United Rentals (URI) rose 7.7% to close at $30.23, approaching its 50-day moving average of $31.69. It has also moved closer to its 200-day moving average of $36.26.

CBS (CBS) hit a new 52-week high today, reaching $35.18 to top the previous high of $35.

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Body Central (BODY) hit a new 52-week low today, hitting $7.71 to fall below the previous low of $8.07.