Stock Market Watch

Stocks Extend Gains as Solid U.S. Economic Data Overshadows Greek Worries

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Stocks have extended their gains, with all three major indexes currently near session highs. Stocks are rising on the back of some solid U.S. economic data, which has overshadowed concerns about Greece.

Earlier today, the Labor Department reported that initial jobless claims fell unexpectedly last week, while the Commerce Department reported that housing starts rose more than forecast in the month of January.


At last check, the Dow Jones was trading 0.45% higher at 12,838.31, the S&P 500 was trading 0.31% higher at 1,347.39, and the Nasdaq was trading 0.29% higher at 2,924.28.

All sectors in the S&P 500 are up sharply in trading currently. Consumer Cyclical stocks are leading the gains in the S&P 500 today. At last check, Consumer Cyclical stocks were trading 0.86% higher. Consumer Non-Cyclical stocks are also gaining in trading today. At last check, Consumer Non-Cyclical stocks were trading 0.63% higher. Industrials are also gaining today. At last check, Industrials were trading 0.28% higher. Financials are up 0.34% despite a warning from Moody’s that it may downgrade credit rating of 17 global financial institutions.

Among the major gainers and losers in trading currently are Advance America, Cash Advance Centers (NYSE: AEA), which is currently trading 31.86% higher at $10.43, General Motors Company (NYSE: GM), which is currently trading 5.42% higher at $26.28, Blue Nile Inc. (NASDAQ: NILE), which is currently trading 9.78% lower at $37.74, J.M. Smucker Company (NYSE: SJM), which is currently trading 7.82% lower at $72.04, Cabela’s Incorporated (NYSE: CAB), which is currently trading 4.23% higher at $29.60, Discovery Communications Inc. (NASDAQ: DISCA), which is currently trading 2.15% lower at $44.75, and NetApp Inc. (NASDAQ: NTAP), which is currently trading 5.74% higher at $42.17.

 

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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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