Stock Market Watch

Stocks Higher in Mid-Day Trading; Dollar Slides

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The U.S. equity market is up in mid-day trading, with all three major indexes currently in green. Stocks have extended their gains in mid-day trading, after opening slightly higher today.

The Dow Jones is currently trading 0.26% higher at 11,605. 51, the S&P 500 is currently trading 0.24% higher at 1,261.50 and the Nasdaq is currently trading 0.24% higher at 2,669.27. Energy stocks are leading gains in mid-day trading, followed by Basic Materials stocks.

Energy stocks are up more than 1% in mid-day trading. Among the major gainers in the Energy sector are Noble Energy Inc. (NYSE: NBL), which is currently trading 3.08% higher at $87.60, Chevron Corporation (NYSE: CVX), which is currently trading 0.87% higher at $91.98, Schlumberger Limited (NYSE: SLB), which is currently trading 1.87% higher at $83.75, and ATP Oil & Gas Corporation (NASDAQ: ATPG), which is currently trading 5.29% higher at $16.73.

Among other major gainers in mid-day trading are BJ’s Wholesale Club Inc. (NYSE: BJ), which is currently trading 6.45% higher at $47.34, RightNow Technologies (NASDAQ: RNOW), which is currently trading 14.50% higher at $22.66, and Marina Biotech Inc. (NASDAQ: MRNA), which is currently trading 5.91% higher at $1.65.

In the currency market, the dollar was trading lower across the board. The Dollar Index is currently down 0.2%. However, the weaker dollar is pushing stocks higher in mid-day trading.

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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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