Stock Market Watch

Stock Headed for a Mixed Finish

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Stocks are continuing to struggle for direction in late trading and are headed for a mixed finish. Investors have remained cautious in trading today after the huge rally on Wednesday. Investors are now focused on the all-important November jobs report, which will be released by the Labor Department on Friday. Economists expect unemployment rate in the U.S. to remain at 9%.

At last check, the Dow Jones was trading 0.09% lower at 12,034.90, the S&P 500 was trading 0.07% lower at 1,246.10, and the Nasdaq was trading 0.42% higher at 2,631.28.


Financials, which rose sharply on Wednesday, have been the worst performers in the S&P 500 in trading today. At last check, Financials were trading 0.45% lower. Basic Materials stocks are currently trading 0.28% lower, while Energy stocks are currently trading 0.23% lower. Technology stocks have been the best performers in the S&P 500 in trading today. At last check, Technology stocks were trading 0.44% higher.

Among the major gainers and losers in late trading are Texas Industries Inc. (NYSE: TXI), which is currently trading 9.44% higher at $27.72, Movado Group Inc. (NYSE: MOV), which is currently trading 14.88% higher at $18.07, Charming Shoppes Inc. (NASDAQ: CHRS), which is currently trading 11.86% higher at $4.34, Yahoo! Inc. (NASDAQ: YHOO), which is currently trading 3.18% higher at $16.21, Lululemon Athletica Inc. (NASDAQ: LULU), which is currently trading 4.85% lower at $47.29, Gildan Activewear Inc. (NYSE: GIL), which is currently trading 30.61% lower at $16.57, and Bank of America Corporation (NYSE: BAC), which is currently trading 1.75% higher at $5.53.

Earlier today, a report showed that manufacturing activity in the U.S. rose at the fastest pace in five months in the month of November. Meanwhile, the Labor Department reported that initial jobless claims rose to 402,000 last week.

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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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