Stock Market Watch

Stocks in Red in Mid-Day Trading

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Stocks have slipped in mid-day trading, with all three major indexes currently in red. Stocks are falling after a downward revision of third-quarter U.S. GDP growth. Investors’ sentiment has also been weighed down on ongoing worries about the sovereign debt crisis.

At last check, the Dow Jones was trading 0.52% lower at 11,486.84, the S&P 500 was trading 0.22% lower at 1,190.39, and the Nasdaq was trading 0.22% lower at 2,517.54.


Conglomerates are leading the losses in the S&P 500 in mid-day trading. At last check, Conglomerates were trading 1.26% lower. Among the major losers in the sector in mid-day trading are General Electric Company (NYSE: GE), which is currently trading 0.85% lower at $15.11, United Technologies Corporation (NYSE: UTX), which is currently trading 1.15% lower at $73.22, Emerson Electric Co. (NYSE: EMR), which is currently trading 0.78% lower at $48.52, and Tyco International Ltd. (NYSE: TYC), which is currently trading 1.65% lower at $45.44.

Energy stocks are also down sharply in mid-day trading. At last check, Energy stocks were trading 0.65% lower. Among the major losers in the Energy sector in mid-day trading are Halliburton Company (NYSE: HAL), which is currently trading 2.32% lower at $34.05, Brigham Exploration Company (NASDAQ: BEXP), which is currently trading 0.16% lower at $36.36, and Apache Corporation (NYSE: APA), which is currently trading 4.66% lower at $90.96.

Among the major gainers in mid-day trading are Focus Media Holding Limited (ADR) (NASDAQ: FMCN), which is currently trading 9.05% higher at $16.83, Medtronic Inc. (NYSE: MDT), which is currently trading 4.72% higher at $34.84, The Valspar Corporation (NYSE: VAL), which is currently trading 8.24% higher at $36.50, and Brocade Communications Systems Inc. (NASDAQ: BRCD), which us currently trading 12.39% higher at $5.03.

Earlier today, the Commerce Department revised third-quarter U.S. GDP growth downwards to 2%.

 

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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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