Stocks Move Back Into the Green
The major indices traded sideways
through most of the session and have moved into positive territory
near the close. The markets lack a catalyst now as there are
few economic reports this week.
Notable gainers in the Nasdaq 100
include Nvidia
(
NVDA |
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PowerRating) and Amazon.com
(
AMZN |
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Chart |
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PowerRating),
each gaining over 3% today. Major decliners in the Nasdaq
100 include Akamai Technologies
(
AKAM |
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PowerRating) and XM
Satellite Radio
(
XMSR |
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Chart |
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PowerRating). AKAM shares finished lower
by nearly 5%, while XMSR shares are off by 2.75%.
The price of oil ended Tuesday’s trading in
positive territory despite being well off its highest levels of
the day. After reaching a high of
$59.99 a barrel, crude for
March delivery closed up $0.14 at $58.88 a barrel. Gold for
April delivery closed up $2.60 at $658.70 an ounce.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com