Stock Market Watch

Stocks Headed for a Second Straight Higher Finish

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Stocks are headed for a second straight higher finish in trading today despite some mixed economic data released in the U.S. earlier today. Stocks are rising as worries about the euro zone debt crisis have eased a little.

At last check, the Dow Jones was trading 1.26% higher at 12,967.17, the S&P 500 was trading 1.20% higher 1,385.13, and the Nasdaq was trading 1.12% higher at 3,050.29.


All sectors in the S&P 500 are headed for a sharply higher finish in trading today. Basic Materials stocks are leading the gains in the S&P 500 in late trading today. At last check, the sector was trading 2.68% higher. Industrials are currently trading 2.31% higher. Energy stocks are up 1.95% in late trading. Financials are currently trading 1.40% higher, while Technology stocks are currently trading 1.04% higher.

Among the major gainers in late trading today are TOPS Ships Inc. (NASDAQ: TOPS), which is currently trading 18.53% higher at $2.82, Cytec Industries Inc. (NYSE: CYT), which is currently trading 11.76% higher at $64.25, China Cord Blood Corp. (NYSE: CO), which is currently trading 6.67% higher at $2.88, Fusion-IO Inc. (NYSE: FIO), which is currently trading 12.61% higher at $27.77, and Rowan Companies Inc. (NYSE: RDC), which is currently trading 9.35% higher at $33.90.

Among the major losers in trading currently are Nokia Corporation (ADR) (NYSE: NOK), which is currently trading 4.60% lower at $4.05, and Illumina Inc. (NASDAQ: ILMN), which is currently trading 5.35% lower at $49.76.

European markets ended mostly higher in trading today. The FTSE 100 Index in London ended the day 1.34% higher at 5,710.46, and the CAC 40 Index in Paris ended the day 0.99% higher at 3,269.79.

Asian markets also rose overnight, with the Nikkei 225 Index in Japan closing 0.70% 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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