Stock Market Watch

Stocks higher in Early Trading

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Stocks are climbing in early trading today following some positive news from the euro zone and better than expected ADP data. European finance ministers have shown willingness to prop up the region’s bank, easing concerns that the debt crisis will turn into a banking crisis.

Meanwhile, a better than expected ADP jobs report has also boosted investors’ confidence. The figures released by ADP showed that the U.S. private sector added 91,000 jobs in the month of September, beating economists’ forecast. Investors are now awaiting the important non-farm payroll numbers due to be released later in week.


All three major indexes are climbing in early trading. At last check, the Dow Jones was trading 0.42% higher at 10,854.81, the S&P 500 is currently trading 0.53% higher at 1,129.95, and the Nasdaq is currently trading 0.55% higher at 2,418.17.

On Monday, all three major indexes had rallied in the last few minutes to finish the day higher, with the Dow Jones gaining more than 150 points.

Among the major gainers and losers in early trading today are Research In Motion Limited (NASDAQ: RIMM), which is currently trading 11.91% higher at $23.50, Intel Corporation (NASDAQ: INTC), which is currently trading 1.27% higher at $21.49, Apple Inc. (NASDAQ: AAPL), which is currently trading 1.44% lower at $367.13, Acme Packet Inc. (NASDAQ: APKT), which is currently trading 11.18% lower at $38.04, Bank of America Corporation (NYSE: BAC), which is currently trading 1.39% lower at $5.68, General Electric Company (NYSE: GE), which is currently trading 1.55% higher at $15.09, and Ford Motor Company (NYSE: F), which is currently trading 0.40% higher at $10.12.

In Europe, equity markets are higher across the board following reports that policymakers are looking to prop up the banking sector. At last check, the FTSE 100 Index in London was trading 2.78% higher at 5,081.81.

 

edliston
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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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.

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