TradingMarkets Mid-Day Movers
Stocks started the week on a positive note with all the major
indices opening higher. Hurricane Wilma made landfall as a category-2 storm. Oil
and gas installations in the Gulf of Mexico were spared but as the storm moves
through Florida the main concern is centered on possible damage to orange
growers.
In the past few minutes President Bush named Ben Bernanke as
the new chairman of the Federal Reserve. Stocks extended their gains immediately
after the news broke. The US Dollar Index is trading lower, along with with
treasuries. Energy futures are trading lower.
Stocks On The Move
Shares of Indian online information provider Rediff.com
(
REDF |
Quote |
Chart |
News |
PowerRating)
are among the best performers in the early going, climbing 22%, after reporting
a profit for the second quarter compared to a loss in the same period last year.
Earnings news is having the opposite impact on construction
equipment maker Gehl
(
GEHL |
Quote |
Chart |
News |
PowerRating), which released earnings and guidance before
the start of trading. The stock is currently one of the morning’s worst
performers, falling by 19%.
Dow |
+93.91 | 10,309.13 |
NASDAQ |
+13.29 | 2095.50 |
S&P 500 |
+10.92 | 1190.51 |
NYSE | NASDAQ | |
Volume |
855,073,000 | 606,347,000 |
Advances |
2233 | 1818 |
Declines |
832 | 955 |
Up Volume |
587 | 364 |
Down Volume |
163 | 175 |
New Hi’s |
44 | 61 |
New Lo’s |
54 | 40 |
|
Weakest Sectors |
Oil ( XOI | Quote | Chart | News | PowerRating) |
Healthcare Provider ( RXH | Quote | Chart | News | PowerRating) |
Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Ashton Dorkins