Stock Market Watch

Stocks Firmly in Red as Italian Debt Worries Mount

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Stocks are down sharply in mid-day trading as worries about Italy’s debt problems continue to mount. The 10-year Italian bond yields today surged to a euro-era high on worries about the country’s ability to deal with its debt problems. Meanwhile, Italian Prime Minister, Silvio Berlusconi, who has been under pressure due to the debt crisis, has denied any plans to step down.

As the euro zone debt crisis deepens, stocks are falling in trading today. At last check, the Dow Jones was trading 0.76% lower at 11,892.01, the S&P 500 was trading 0.89% lower at 1,242.04, and the Nasdaq was trading 1.38% lower at 2,649.19.

All sectors in the S&P 500 have slipped into red in mid-day trading. Industrials are leading the losses in the S&P 500 in mid-day trading. At last check, Industrials were trading 1.53% lower. Conglomerates have also fallen sharply in mid-day trading. At last check, Conglomerates were trading 1.50% lower. Technology stocks are currently trading 1.27% lower.


BroadSoft Inc. (NASDAQ: BSFT) shares have been among the major losers in mid-day trading. BroadSoft shares are falling even as the company reported record third-quarter financial results. BroadSoft shares fell to an intra-day low of $32.12 today and are currently down 8.45% to $33.33.

Other major losers in mid-day trading are Moog Inc. (NYSE: MOG.A), which is currently trading 0.99% lower at $37.91, Best Buy Co. Inc. (NYSE: BBY), which is currently trading 3.33% lower at $26.40, and Ceragon Networks Ltd. (NASDAQ: CRNT), which is currently trading 14.59% lower at $8.84.

Among the major gainers in mid-day trading are American Dental Partners Inc. (NASDAQ: ADPI), which is currently trading 78.90% higher at $18.57, Force Protection Inc. (NASDAQ: FRPT), which is currently trading 30.64% higher at $5.50, and DISH Network Corp. (NASDAQ: DISH), which is currently trading 4.56% higher at $24.55.

 

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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