Stocks have remained in green in mid-day trading, with all three major indexes near session highs. Stocks are rising on the back of reports that the International Monetary Fund (IMF) is looking to boost its lending resources.
At last check, the Dow Jones was trading 0.40% higher at 12,531.87, the S&P 500 was trading 0.52% higher at 1,300.46, and the Nasdaq was trading 0.80% higher at 2,749.83.
Technology stocks are leading the gains in the mid-day trading. At last check, Technology stocks were trading 1.10% higher. Conglomerates are also up sharply in mid-day trading. At last check, Conglomerates were trading 0.99% higher. Financials are currently trading 0.90% higher. Basic Materials stocks are up 0.82%, while Energy stocks are up 0.74%. Utilities is the only sector in red in mid-day trading. At last check, Utilities were trading 0.20% lower.
Among the major gainers in mid-day trading are Goldman Sachs Group Inc. (NYSE: GS), which is currently trading 6.26% higher at $103.79, Amphenol Corporation (NYSE: APH), which is currently trading 10.38% higher at $53.28, Linear Technology Corporation (NASDAQ: LLTC), which is currently trading 10.41% higher at $32.98, and Yahoo! Inc. (NASDAQ: YHOO), which is currently trading 2.27% higher at $15.78.
Among the major losers in mid-day trading are State Street Corporation (NYSE: STT), which is currently trading 6.50% lower at $39.97, Sunoco Inc. (NYSE: SUN), which is currently trading 11.56% lower at $37.42, and Bank of New York Mellon Corporation (NYSE: BK), which is currently trading 4.23% lower at $20.37.
Earlier today, a report released by the National Association of Home Builders showed that homebuilder confidence in the U.S. rose for the fourth straight month in January. The NAHB/Wells Fargo Housing Market Index rose to 25 in January from 21 in December. Economists were expecting the index to remain unchanged.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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