TradingMarkets Mid-Day Movers
Stocks are trading slightly higher
today after Thursday’s impressive rally. The stock market took
inspiration from the bond market yesterday which surged after record foreign
buying of the
10-year T-Note auction. Foreign buying was 55.6% of the $13 Bln offering,
showing very strong foreign demand for US assets, a bullish sign for stocks.
With the bond market closed in observance of Veteran’s Day and
no economic news due today, trading is likely to remain subdued.
The US Dollar Index is trading virtually flat and Energy
prices are mixed.
For stories as they happen go to our
Breaking
News section.
Stocks On The Move
GM
(
GM |
Quote |
Chart |
News |
PowerRating) is bouncing back from 3 days of substantial declines, with a gain
of about 4% – the biggest percentage advance among the Dow components.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) and Hewlett-Packard
(
HPQ |
Quote |
Chart |
News |
PowerRating) are also lending support to
the Dow, with gains of 1.7% and 1.3%, respectively.
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) is the biggest percentage decliners among the Dow components,
falling by 1.4%. The drug giant is falling on news that a judge wants to limit
upcoming VIOXX cases to those that involve patients that used the pain killer
for more than 18 months. Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) is another drag on the Dow and is
showing a modest decline.
| Dow |
+26.01 | 10,666.11 |
| NASDAQ |
+5.50 | 2202.18 |
| S&P 500 |
+1.27 | 1232.23 |
| NYSE | NASDAQ | |
| Volume |
745,433,000 | 665,224,000 |
| Advances |
1445 | 1404 |
| Declines |
1543 | 1362 |
| Up Volume |
381 | 427 |
| Down Volume |
270 | 186 |
| New Hi’s |
103 | 125 |
| New Lo’s |
65 | 30 |
|
|
Weakest Sectors |
| Computer Hardware ( HWI | Quote | Chart | News | PowerRating) |
Utility ( UTY | Quote | Chart | News | PowerRating) |
| Internet ( GIN | Quote | Chart | News | PowerRating) |
Insurance ( IUX | Quote | Chart | News | PowerRating) |
| Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
Health Products ( RXP | Quote | Chart | News | PowerRating) |
Ashton Dorkins