TradingMarkets Mid-Day Movers
After an initial drop at the start of
trading stocks have spent most of the morning trading slightly higher.
The EIA released its weekly Petroleum Status Report; Crude Oil
inventories were up 4.4 Mln barrels and Gasoline inventories were up 200,000
barrels. Energy futures are trading higher, adding to yesterday’s sharp rally.
The US Dollar Index is trading higher, treasuries are trading lower.
Stocks On The Move
Ignoring disappointing guidance, traders sent shares of DuPont
(
DD |
Quote |
Chart |
News |
PowerRating) higher during Tuesday’s session on news of earnings and a $5 billion
stock buyback plan. The stock, which is the best performing Dow component, is
extending its advance today, climbing 2.7%. Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating), which sank
last Friday on earnings news, is coming back a bit, climbing by 1.7%. Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating)Â
and JP Morgan
(
JPM |
Quote |
Chart |
News |
PowerRating) are also strong, with gains of 1.8% and 1.2%,
respectively.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) dropped off at the start of trading on
quarterly results that included a worse-than-expected revenue figure. The stock
is currently down 3%, dropping to its lowest level in nearly a month. Johnson &
Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) is also weak, falling by 1.1%.
| Dow |
+18.73 | 10,396.60 |
| NASDAQ |
+3.41 | 2112.86 |
| S&P 500 |
+2.41 | 1198.95 |
| NYSE | NASDAQ | |
| Volume |
1,075,082,000 | 877,728,000 |
| Advances |
1635 | 1597 |
| Declines |
1470 | 1207 |
| Up Volume |
556 | 463 |
| Down Volume |
405 | 347 |
| New Hi’s |
55 | 67 |
| New Lo’s |
101 | 40 |
|
|
Weakest Sectors |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Chemical ( CEX | Quote | Chart | News | PowerRating) |
Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
| Oil Index ( XOI | Quote | Chart | News | PowerRating) |
Healthcare Provider ( RXH | Quote | Chart | News | PowerRating) |
Ashton Dorkins