Stock Market Watch

Stocks in Green in Mid-Day Trading

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Stocks are holding on to their gains in mid-day trading, with all three major indexes currently in green. Stocks have been pushed higher by better than expected retail sales data for the month of September. Strong third-quarter earnings from Google Inc. (NASDAQ: GOOG) also lifted investors’ sentiment.

At last check, the Dow Jones was trading 0.77% higher at 11,566.87, the S&P 500 was trading 0.91% higher at 1,214.58, and the Nasdaq was trading 0.83% higher at 2,641.94.

Google shares are continuing to rally after the Mountain View, California-based company reported better than expected third-quarter earnings after market close on Thursday. The stock rose to an intra-day high of $599.60, and at last check, it was up 5.39% to $589.12.


Other major gainers in trading currently are J.B. Hunt Transport Services Inc. (NASDAQ:JBHT), which is currently trading 7.66% higher at $41.87, Navistar International Corporation (NYSE: NAV), which is currently trading 5.95% higher at $40.98, and MicroStrategy Incorporated (NASDAQ: MSTR), which is currently trading 5.12% higher at $135.63.

Mattel Inc. (NASDAQ: MAT) shares are falling in trading today despite a rally in the broad market. The stock is falling after the toy manufacturer reported its quarterly results. At last check, Mattel shares were trading 1.44% lower at $27.38.

Other major losers in mid-day trading are VistaPrint Limited (NASDAQ: VPRT), which is currently trading 5.52% lower at $28.94, and Fairchild Semiconductor International (NYSE: FCS), which is currently trading 5.11% lower at $12.80.

Earlier today, the Commerce Department reported a 1.1% increase in retail sales for the month of September. Economists were expecting retail sales to rise 0.7% in September.

Meanwhile, the Thomson Reuters/University of Michigan’s consumer sentiment index fell to 57.5 in the month of October from 59.4 in the month of September. Economists were expecting the index to rise to 60.2 in October.

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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