Labor and Productivity Data Move Markets Higher
Bulls continue to push the indices to record
levels. The S&P 500 is trading above the 1,500 level
for the first time. Leading the S&P to the upside are
Unum Group
(
UNM |
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PowerRating) and Symantec
(
SYMC |
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PowerRating) with
gains of 9.5% and 8%.
June crude futures are down
this morning by 0.9% to $63.11 after a strike was averted at
refineries in Belgium.Â
June gold futures are up 0.2% to $674.75.
Around Asia, Hong Kong’s Hang Seng
Index added 1.4% to close at 20,681.58 and Tokyo’s Nikkei rose
0.7% to 17,394.92.
Today‘s
PowerRatings Heat Map is neutral across most sectors, suggesting possible
consolidation over the next few sessions. The sector with the highest amount of high
and low PowerRatings stocks is the Energy sector. It will be interesting
to see which way the sector moves in today’s session.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com