TradingMarkets Mid-Day Movers
Stocks have come under
pressure in recent trading, with the Nasdaq joining the Dow in
negative territory after remaining positive for much of the
morning. The major averages have all pulled back to new lows for
the session.
The pullback by the
tech-heavy Nasdaq is partly due to weakness that has emerged in
the disk drive and computer hardware sectors. Housing and retail
stocks are also moving lower in late morning trading.
Crude for April delivery is trading
higher by 0.4%
to $60.28 after Energy Department reports showed that U.S.
inventories of heating oil, gasoline, and diesel moved
substantially lower. Gold for April
delivery is trading lower by 0.3% to $682.10 an
ounce.
Asian markets finished mostly higher in
Thursday’s session with Hong Kong’s Hang Seng Index, Tokyo’s
Nikkei, and Taiwan’s Composite all up nearly 1%.
The weakness that we have been anticipating in our PowerRatings
Heat Maps*
is continuing to play out. Some of the lowest ranked sectors
from Wednesday’s close continue to be electronics, metals and
mining, and health services.Â
Click here for a free trial to PowerRatings
Heat Maps*,
so that you can quickly gauge overall market direction and go deeper into
individual sectors.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com