TradingMarkets Mid-Day Movers
Stocks started the day slightly
higher, before embarking on an impressive morning rally, led by the NASDAQ
indexes. The advance halted in the past hour but the major averages
are still posting good gains and holding near their intraday highs.
On the economic front, The Mortgage Bankers Association’s
Weekly Market Index fell 4.8%, the Purchase Index dropped 6.2% and the Refi
Index declined 2.8% (report).
The EIA reported that Crude Oil Inventories rose 2.7 Mln.
barrels and Gasoline Inventories rose 1 Mln. barrels last week (report).
Energy prices are lower across the board with Heating Oil and Unleaded Gasoline
leading the decline.
The US Dollar Index is trading lower, along with Treasuries.
Stocks On The Move
Benthos
(
BTHS |
Quote |
Chart |
News |
PowerRating) is one of the biggest
percentage gainers in the early going after it agreed to be acquired by Teledyne
(
TDY |
Quote |
Chart |
News |
PowerRating) for $41 million. The stock is currently up 35%.
Interlink Electronics
(
LINK |
Quote |
Chart |
News |
PowerRating) is one of the morning’s worst performers after
it predicted a significant third-quarter loss and announced a restatement of
prior financial results. The company also revealed a plan to restructure its
business communications segment. The stock is currently down 43%.
| Dow |
+61.09 | 10,467.86 |
| NASDAQ |
+22.29 | 2136.34 |
| S&P 500 |
+8.65 | 1211.41 |
| NYSE | NASDAQ | |
| Volume |
1,341,253,000 | 1,171,426,000 |
| Advances |
2140 | 1919 |
| Declines |
999 | 983 |
| Up Volume |
901 | 710 |
| Down Volume |
355 | 370 |
| New Hi’s |
134 | 113 |
| New Lo’s |
67 | 44 |
|
|
Weakest Sectors |
| Airline ( XAL | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Gold Bug ( HUI | Quote | Chart | News | PowerRating) |
Internet ( INX | Quote | Chart | News | PowerRating) |
| Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Utility [UTY|UTY} |
Ashton Dorkins