Stock Market Watch

Stocks Flat as Initial Enthusiasm Over Greek Deal Fades

by ·


Stocks are struggling for direction in trading currently as initial enthusiasm over Greek deal faded.  Earlier, all three major indexes had opened higher on reports that Greek political leaders agreed on key austerity measures, which are needed to secure the next round of bailout funds.

At last check, the Dow Jones was trading 0.02% lower at 12,881.15, the S&P 500 was trading 0.11% lower at 1,348.53, and the Nasdaq was trading 0.08% higher at 2,918.16.


Basic Materials stocks are leading the losses in the S&P 500 in trading currently. At last check, Basic Materials stocks were trading 0.40% lower. Healthcare stocks are also down in trading currently. At last check, Healthcare stocks were trading 0.27% lower. Financials are currently trading 0.21% lower. Technology stocks have been the best performers in the S&P 500 in trading today. At last check, Technology stocks were trading 0.36% higher.

Among the major gainers and losers in trading currently are Taleo Corp. (NASDAQ: TLEO), which is currently trading 17.17% higher at $45.63, PepsiCo Inc. (NYSE: PEP), which is currently trading 3.87% lower at $64.16, Teradata Corporation (NYSE: TDC), which is currently trading 8.25% higher at $62.83, Diamond Foods Inc. (NASDAQ: DMND), which is currently trading 36.66% lower at $23.22, Akamai Technologies Inc. (NASDAQ: AKAM), which is currently trading 9.67% higher at $37.77, Groupon Inc. (NASDAQ: GRPN), which is currently trading 11.68% lower at $21.71, and Bunge Limited (NYSE: BG), which is currently trading 5.41% higher at $62.97.

On the economic front, a report released earlier today showed that U.S. wholesale inventories rose more than forecast in December. Inventories rose 1% from the previous month to a seasonally adjusted $473.17 billion. Economists had forecast an increase of 0.5% in inventories for the month of December.

More Posts by this author

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.


Tags:

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.

You may also like...