TradingMarkets Mid-Day Movers
Early gains in the Dow and S&P 500
were erased by the negative sentiment being generated in technology.
The NASDAQ opened lower after disappointing third quarter guidance from Dell
(
DELL |
Quote |
Chart |
News |
PowerRating)
after the close last night. Dell is currently trading lower by almost 8%,
setting a new 52-week low in the process.
Trading is somewhat subdued with traders reluctant to make big
bets due to today’s FOMC meeting. The FED is expected to raise interest rates
25bp for the 12th consecutive meeting, the announcement is expected at 2:15 PM
Eastern Time.
In today’s economic news; the ISM Manufacturing Index fell to
59.0 in October from 59.4 in September (report).
The Commerce Department reported that Construction Spending rose 0.5% in
September to a new all-time high (report).
The US Dollar Index is virtually unchanged, Treasuries are
slightly lower and Energy prices are mixed.
Stocks On The Move
BKF Capital Group
(
BKF |
Quote |
Chart |
News |
PowerRating), which dropped
sharply a couple weeks ago on a planned restatement, is one of the biggest
percentage gainers in the early going on news that billionaire investor Carl
Icahn has a nearly 15.6% stake in the company. BKF is currently up 21%.
Meanwhile, John B. Sanfilippo & Son
(
JBSS |
Quote |
Chart |
News |
PowerRating) is among morning’s worst
performers after it reported a loss for the first quarter compared to a profit
in the same period last year. JBSS is currently down 22%.
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| Dow |
-7.52 | 10,432.55 |
| NASDAQ |
-5.62 | 2114.68 |
| S&P 500 |
-3.26 | 1203.75 |
| NYSE | NASDAQ | |
| Volume |
1,005,086,000 | 870,323,000 |
| Advances |
1326 | 1081 |
| Declines |
1732 | 1734 |
| Up Volume |
355 | 348 |
| Down Volume |
544 | 462 |
| New Hi’s |
69 | 64 |
| New Lo’s |
78 | 56 |
|
|
Weakest Sectors |
| Internet ( INX | Quote | Chart | News | PowerRating) |
Utility ( UTY | Quote | Chart | News | PowerRating) |
| Healthcare ( HMO | Quote | Chart | News | PowerRating) |
Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Computer hardware ( HWI | Quote | Chart | News | PowerRating) |
Ashton Dorkins