Stock Market Watch

Stocks Extend Gains in Mid-Day Trading

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Stocks have extended their gains in mid-day trading, with all three major indexes near session highs. Stocks are rising on the back of a better than expected ADP jobs report released earlier today.

According to ADP, the private sector added 216,000 jobs in the month of February, indicating that the labor market continues to improve.


All three major indexes have rebounded after Tuesday’s sell-off. At last check, the Dow Jones was trading 0.53% higher at 12,827.34, the S&P 500 was trading 0.60% higher at 1,351.38, and the Nasdaq was trading 0.89% higher at 2,936.23.

All sectors in the S&P 500 are up sharply in trading today. Conglomerates are leading the gains in the S&P 500 in mid-day trading. At last check, Conglomerates were trading 1.40% higher. Industrials are currently trading 1.02% higher. Consumer Cyclical stocks are also sharply higher in mid-day trading. At last check, Consumer Cyclical stocks were trading 1.17% higher. Financials are currently trading 0.86% higher. Energy stocks are up 0.83% in mid-day trading, while Basic Materials stocks are up 0.45% in mid-day trading.

Among the major gainers in mid-day trading are Transcend Services Inc. (NASDAQ: TRCR), which is currently trading 39.48% higher at $29.25, American Eagle Outfitters (NYSE: AEO), which is currently trading 5.09% higher at $15.37, Bon-Ton Stores Inc. (NASDAQ: BONT), which is currently trading 30.48% higher at $6.85, Ciena Corporation (NASDAQ: CIEN), which is currently trading 6.99% higher at $14.38, and Express Inc. (NYSE: EXPR), which is currently trading 1.52% higher at $24.75.

Among the major losers in mid-day trading are Pandora Media Inc. (NYSE: P), which is currently trading 23.62% lower at $10.90, and Children’s Place Retail Stores Inc. (NASDAQ: PLCE), which is currently trading 2.82% lower at $50.95.

 

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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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