Stocks have remained lower in mid-day trading on concerns about a recession in the euro. Some weak earnings reports have also weighed down investors’ sentiment.
At last check, the Dow Jones was trading 0.31% lower at 12,925.92, the S&P 500 was trading 0.41% lower at 1,356.67, and the Nasdaq was trading 0.50% lower at 2,933.81.
Financials are leading the losses in the S&P 500 in mid-day trading. At last check, Financials were trading 0.81% lower. Basic Materials stocks are also down sharply in mid-day trading on global growth worries. At last check, Basic Materials stocks were trading 0.53% lower. Industrials are down 0.48% currently, while Conglomerates are down 0.56% currently. Energy stocks have been the best performers in the S&P 500 in mid-day trading, up 0.27% currently.
Among the major losers in mid-day trading are Dollar Tree Inc. (NASDAQ: DLTR), which is currently trading 2.85% lower at $85.50, Dell Inc. (NASDAQ: DELL), which is currently trading 6.48% lower at $17.03, The TJX Companies Inc. (NYSE: TJX), which is currently trading 1.76% lower at $34.60, and Toll Brothers Inc. (NYSE: TOL), which is currently trading 5.27% lower at $22.45.
Among the major gainers in mid-day trading are Garmin Ltd. (NASDAQ: GRMN), which is currently trading 8.53% higher at $48.50, Chico’s FAS Inc. (NYSE: CHS), which is currently trading 16% higher at $14.86, and SourceFire Inc. (NASDAQ: FIRE), which is currently trading 22.84% higher at $44.
On the economic front, a report released by the National Association of Realtors showed that existing home sales in the U.S. rose 4.3% in the month January to an annual rate of 4.57 million units.
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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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