Stock Market Watch

Stocks in Green in Late Trading

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Stocks have bounced back sharply, with all three major indexes in green in late trading. Stocks are rising despite weaker than expected new home sales data for February.

At last check, the Dow Jones was trading 0.36% higher at 13,092.72, the S&P 500 was trading 0.39% higher at 1,398.22, and the Nasdaq was trading 0.16% higher at 3,068.27.


Basic Materials stocks are leading the gains in the S&P 500 in late trading. At last check, Basic Materials stocks were trading 1.01% higher. Energy stocks are also up sharply in late trading. At last check, Energy stocks were trading 0.99% higher. Financials are currently trading 0.64% higher. Industrials are up 0.56% in late trading. Consumer Cyclical and Transportation are the only sectors in red in late trading. At last check, Consumer Cyclical stocks were trading 0.46% lower, while Transportation stocks were trading 0.03% lower.

Among the major gainers and losers in late trading today are McEwen Mining Inc. (NYSE: MUX), which is currently trading 10.70% higher at $4.14, Convergys Corporation (NYSE: CVG), which is currently trading 3.57% lower at $13.52, Esterline Technologies Corporation (NYSE: ESL), which is currently trading 8.04% higher at $73.76, Weight Watchers International Inc. (NYSE: WTW), which is currently trading 4.27% lower at $78.50, Glu Mobile Inc. (NASDAQ: GLUU), which is currently trading 16.50% higher at $4.66, MTG Capital Investments Inc. (AMEX: MGT),which is currently trading 6.67% lower at $1.40, and Nike Inc. (NYSE: NKE), which is currently trading 3.40% lower at $107.22.

European markets ended on a mixed note earlier today, with the FTSE 100 Index closing 0.16% higher, the EURO STOXX 50 Index closing 0.19% lower, and the CAC 40 Index closing 0.11% lower. Earlier, Asian markets had ended mostly lower, with the Nikkei 225 Index closing 1.14% lower, and the Hang Seng Index closing 1.11% lower.

 

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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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