Stock Market Watch

Stocks in Red in Mid-Day Trading

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Stocks are down sharply in mid-day trading today, with all three major indexes currently in red. Stocks slipped in trading today even as investors digested some robust economic data.

At last check, the Dow Jones was trading 0.35% lower at 13,057.25, the S&P 500 was trading 0.52% lower at 1,405.67, and the Nasdaq was trading 0.71% lower at 2,964.70.

All sectors in the S&P 500 are currently in red. Consumer Cyclical sector is leading the losses in the S&P 500 in mid-day trading today. At last check, the sector was down 1.33%. Energy sector is currently trading 0.48% lower, while Basic Materials sector is currently trading 0.64% lower. Financials are down 0.91% in mid-day trading. Healthcare sector is currently trading 0.64% lower.

Among the major gainers and losers in trading currently are Amazon.com Inc. (NASDAQ: AMZN), which is currently trading 3.28% higher at $230.22, Apple Inc. (NASDAQ: AAPL), which is currently trading 2.71% lower at $593.15, Comcast Corp. (NASDAQ: CMCSA), which is currently trading 2.15% higher at $37.14, Citigroup Inc. (NYSE: C), which is currently trading 2.17% lower at $36.60, DeVry Inc. (NYSE: DV), which is currently trading 22.53% higher at $25.51, Verisign Inc. (NASDAQ: VRSN), which is currently trading 18.69% lower at $37.89, and NetSuite Inc. (NYSE: N), which is currently trading 14.44% higher at $65.13.

On the economic front, a report released by the Commerce Department showed that the U.S. economy grew at a 2% annual rate in the third quarter of 2012, beating economists’ forecast of a 1.9% annual growth rate. Meanwhile, consumer sentiment climbed to 82.6 in the month of October, according to the final reading on the Thomson Reuters/University of Michigan’s consumer sentiment index. This is the highest level in five years. The reading, however, fell below economists’ forecast of 83.

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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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