Stocks Reverse Lower; Fed Delays Rate Hike; Gibraltar Rises

Gibraltar Industries, a maker of mailboxes and various other items, is up 24% so far this year, trouncing the major stock indexes. (© Andrey Popov/stock.adobe.com)

Sellers came into the stock market in the last hour of trading Wednesday, but there wasn't much conviction behind the selling as volume faded from the previous session.

The Nasdaq, S&P 500 and Dow Jones industrial average each lost 0.2%, falling for the fifth straight session. The small-cap Russell 2000 advanced 0.1%. Volume was below average on the Nasdaq for the 10th session in a row in the stock market today .

The Nasdaq seesawed in a moderate mode, keeping to a range between a loss of 0.2% and a gain of 0.5%. The Federal Reserve's stand-pat stance on interest rates didn't move the market dramatically down or up.

Few top-rated stocks were making much of a splash. Gibraltar Industries (ROCK), which makes mailboxes and other diversified products, popped nearly 3% in heavy volume. The small-cap firm has stepped up earnings and revenue via organic growth and acquisitions. The most recent acquisition was grabbing Rough Brothers Manufacturing in June 2015.

Gibraltar hit a new 52-week high Wednesday.

Blue chips were mostly up. Home Depot (HD) scored the biggest gain in the Dow, adding 1%. The biggest loser was Intel (INTC), down about 1.7%.

Among IBD's 197 industry groups, mining and steel producers led the upside. The downside belonged to generic drugs and utilities.