Stocks Hold on to Gains in Mid-Day Trading
Stocks are holding on to their gains in mid-day trading today, with all three major indexes currently in green. The gains, however, have been limited as investors remain cautious ahead of the crucial European Central Bank (ECB) meeting, which is scheduled to take place on Thursday.
At last check, the Dow Jones was trading 0.24% higher at 13,067.17, the S&P 500 was trading 0.07% higher at 1,405.94, and the Nasdaq was trading 0.10% higher at 3,078.19.
Healthcare sector is leading the gains in the S&P 500 in mid-day trading today. At last check, the sector was trading 0.30% higher. Basic Materials sector is also gaining in trading today. At last check, the sector was trading 0.25% higher. Transportation sector has fallen sharply in mid-day trading today. At last check, the sector was down 0.81%. Energy sector is currently trading 0.39% lower.
Among the major gainers and losers in mid-day trading today are Heckmann Corporation (NYSE: HEK), which is currently trading 5.93% higher at $3.93, Guidewire Software Inc. (NYSE: GWRE), which is currently trading 10.05% higher at $32.30, FedEx Corporation (NYSE: FDX), which is currently trading 1.25% lower at $86.45, Yelp Inc. (NYSE: YELP), which is currently trading 6.47% higher at $25.82, AuRico Gold Inc. (NYSE: AUQ), which is currently trading 18.88% lower at $5.67, Conn’s Inc. (NASDAQ: CONN), which is currently trading 6.93% higher at $25.61, and Facebook Inc. (NASDAQ: FB), which is currently trading 4.80% higher at $18.58.
On the economic front, a report released earlier today showed that productivity rose at a higher pace than previously estimated in the second quarter. According to figures released by the Labor Department, productivity rose at a 2.2% annual rate in the second quarter. Economists were expecting productivity to rise 1.8% in the second quarter.
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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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