TradingMarkets Mid-Day Movers
The major averages are
currently turning in a mixed performance, with the Dow posting a
modest gain while the
Nasdaq and the S&P 500 are below
the unchanged line. Top blue chip gainers include
Hewlett-Packard
(
HPQ |
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PowerRating) and Walmart
(
WMT |
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PowerRating) each
gaining over 1% through the morning.Â
Indecision seems to be the major
theme over the last few days as evidenced by our
PowerRatings
Heat Maps*,
which is showing a majority of sectors as neutral to bearish.Â
Traders should exercise caution or consider scaling back/taking
profits in the energy and electronics sectors.
Crude continues to rise as
continued cold weather increases demand. Crude for March
delivery is up 0.6%. to $59.35 a barrel in morning trading.Â
Gold is also being pushed higher as a result of the rise in crude.Â
Gold futures for April delivery rose 0.5% to $654.60 an ounce.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com