Stock Market Watch

Stocks Headed for a Third Straight Higher Finish

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Stocks are headed for a third straight day of gains, with all three major indexes holding on to their gains in late trading. Stocks have remained in green even though comments from Federal Reserve Chairman Ben Bernanke dashed hopes of further monetary easing.

At last check, the Dow Jones was trading 0.90% higher at 12,526.80, the S&P 500 was trading 0.58% higher at 1,322.77, and the Nasdaq was trading 0.19% higher at 2,850.16.


All sectors in the S&P 500 are currently in green. Conglomerates are leading the gains in the S&P 500 in late trading. At last check, the sector was trading 1.45% higher. Industrials have also risen sharply in late trading. At last check, the sector was trading 1.37% higher. Basic Materials sector is currently up 0.83%, while Energy sector is currently up 0.94%. Financials are up 0.79% in late trading.

Among the major gainers and losers in late trading today are McDermott International (NYSE: MDR), which is currently trading 11.07% higher at $10.84, Men’s Wearhouse Inc. (NYSE: MW), which is currently trading 18.16% lower at $29.11, Select Comfort Corp. (NASDAQ: SCSS), which is currently trading 7.13% higher at $22.08, Centene Corp. (NYSE: CNC), which is currently trading 12.78% lower at $32.56, and CACI International Inc. (NYSE: CACI), which is currently trading 10.98% higher at $49.94.

European markets ended mostly higher in trading today, with the FTSE 100 Index in London closing 1.18% higher, and the CAC 40 Index in Paris closing 0.42% higher. Earlier, Asian markets also ended mostly higher, with the Nikkei 225 Index in Japan closing 1.24% higher.








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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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