Stocks Pare Losses
Stocks have pared their loses, with the S&P 500 and the Nasdaq turning positive in late trading. Investors have been cautious in trading today as they digested French and Greek election results.
At last check, the Dow Jones was trading 0.07% lower at 13,029.26, the S&P 500 was trading 0.21% higher at 1,371.91, and the Nasdaq was trading 0.26% higher at 2,964.03.
The rebound in the S&P 500 is being led by Healthcare stocks, which are currently trading 0.68% higher. Consumer Non-Cyclical stocks are also gaining in trading today. At last check, the sector was trading 0.59% higher. Financials are currently trading 0.55% higher. Transportation stocks are up 0.48% in late trading. Technology stocks have been the worst performers in the S&P 500 in late trading. At last check, the sector was trading 0.10% lower.
Among the major gainers and losers in late trading today are Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), which is currently trading 51.83% higher at $56.80, Cognizant Technology Solutions Corp. (NASDAQ: CTSH), which is currently trading 18.96% lower at $56.45, Insmed Incorporated (NASDAQ: INSM), which is currently trading 56.29% higher at $4.22, Petmed Express Inc. (NASDAQ: PETS), which is currently trading 19.26% lower at $11.11, GTSI Corp. (NASDAQ: GTSI), which is currently trading 47.14% higher at $7.71, BroadSoft Inc. (NASDAQ: BSFT), which is currently trading 17.34% lower at $33.80, and Tyson Foods Inc. (NYSE: TSN), which is currently trading 3.66% higher at $18.70.
European markets reversed earlier losses to finish sharply higher in trading today, with the CAC 40 Index in Paris closing 1.65% higher. The EURO STOXX 50 Index finished the day 1.55% higher. Asian markets had ended mostly lower overnight.
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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. |