Stocks Hold on to Gains in Late Trading


Stocks are holding on to their gains in late trading, with all three major indexes currently in green. However, the gains have been limited as investors remain worried about the euro zone.

At last check, the Dow Jones was trading 0.36% higher at 12,881.64, the S&P 500 was trading 0.49% higher at 1,361.23, and the Nasdaq was trading 0.16% higher at 2,939.50.


Utilities are leading the gains in the S&P 500 in late trading. At last check, the sector was trading 0.93% higher. Financials are also up sharply in late trading. At last check, the sector was trading 0.88% higher. Energy stocks are currently trading 0.85% higher, while Basic Materials stocks are currently trading 0.46% higher. Conglomerates are up 0.77% in late trading. Technology stocks have been the worst performers in the S&P 500 today. At last check, the sector was trading 0.60% lower.

Technology sector has been dragged lower by Cisco Systems (NASDAQ: CSCO). Shares of the San Jose, California-based company have tumbled in trading today as it gave a disappointing outlook. At last check, Cisco shares were trading 10.04% lower at $16.90.

Other major movers in late trading today are InfoSpace Inc. (NASDAQ: INSP), which is currently trading 23.32% higher at $13.54, Copano Energy LLC (NASDAQ: CPNO), which is currently trading 11.82% lower at $30.72, and StarTek Inc. (NYSE: SRT), which is currently trading 43.41% higher at $2.61.

On the economic front, the Labor Department today reported that initial jobless claims fell by 1,000 last week. Meanwhile, a report from the Commerce Department showed that the U.S. trade deficit widened more than forecast in March.

European markets ended mostly higher in trading today, with all major indexes in the region closing in green. Asian markets finished on a mixed note overnight.

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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.


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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