Stock Market Watch

Stocks Struggle for Direction in Mid-Day Trading

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Stocks are struggling for direction in mid-day trading today as investors remain cautious ahead of crucial Spanish and Italian bond auctions, which will take place on Thursday and Friday.

Investors are also worried about growth in the euro zone. Earlier today, Germany, the largest and the strongest euro zone economy, reported that its economy contracted 0.25% in the fourth quarter of 2011. The German GDP data suggests that the euro zone is headed into a recession in the first half of 2012.


At last check, the Dow Jones was trading 0.35% lower at 12,418.35, the S&P 500 was trading 0.22% lower at 1,289.26, and the Nasdaq was trading 0.10% higher at 2,705.24.

Consumer Non-Cyclical and Energy stocks are leading the losses in the S&P 500 in mid-day trading. At last check, Consumer Cyclical stocks were trading 1.10% lower, while Energy stocks were trading 1.30% lower. Utilities are also down sharply in mid-day trading. At last check, Utilities were trading 0.50% lower. Basic Materials stocks have been the best performers in the S&P 500 in mid-day trading. However, their gains are marginal. At last check, Basic Materials stocks were trading 0.23% higher. Financials are currently trading 0.10% higher.

Among the major gainers and losers in mid-day trading are SUPERVALU Inc. (NYSE: SVU), which is currently trading 11.68% lower at $7.41, Crocs Inc. (NASDAQ: CROX), which is currently trading 14.98% higher at $18.34, Urban Outfitters Inc. (NASDAQ: URBN), which is currently trading 16.70% lower at $24.50, Textron Inc. (NYSE: TXT), which is currently trading 6.20% higher at $21.42, Hecla Mining Company (NYSE: HL), which is currently trading 23.12% lower at $4.49, Masco Corporation (NYSE: MAS), which is currently trading 6.46% higher at $12.20, and SYNNEX Corporation (NYSE: SNX), which is currently trading 5.48% higher at $33.85.

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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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