TradingMarkets Mid-Day Movers
After showing a notable
decline in the first half-hour of trading, stocks are regaining
ground. The major averages have moved off the lows of the day and
are back in positive territory.
While weakness remains
visible among resource stocks, a notable decrease by the price of
oil is contributing to some strength among oil-sensitive airline
stocks. Nonetheless, a steep decline by shares of JetBlue
(
JBLU |
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PowerRating)
is helping to limit the upside for the sector.
Gold for immediate delivery is
pulling back after reaching a 7-month high in yesterday’s session.Â
Currently gold is trading down 0.6% to $666.45.
Crude for March delivery has moved
lower by 3.4% to $57.40 a barrel as warmer weather is slowing
heating-fuel usage.
Our
Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day. These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days.Â
Click here for more information on our Daily Market Bias
indicators.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com