Stock Market Watch

Stocks Marginally Higher in Early Trading Despite Italian Debt Concerns

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Stocks are marginally higher in early trading despite mounting worries about Italy’s debt problems. Earlier today, yields on 10-year Italian debt rose to their highest level since the launch of the euro as investors became worried about Italy’s ability to deal with its debt problems.

The concerns about Italy’s debt problems have shifted focus away from Greece, where George Papandreou agreed to step down from the post of Prime Minister and form a new unity government.


All three major indexes are marginally higher in early trading despite the escalating euro zone debt crisis. At last check, the Dow Jones was trading 0.19% higher at 12,006.1, the S&P 500 was trading 0.425% higher at 1,258.560, and the Nasdaq was trading 0.20% higher at 2,691.67.

Energy stocks are leading the gains in the S&P 500 in early trading. At last check, Energy stocks were trading 0.91% higher. Basic Materials stocks are also higher at the start of trading today. At last check, Basic Material stocks were trading 0.35% higher. Conglomerates have been the worst performers in early trading today, down 0.27% currently. Technology stocks are also marginally lower in early trading.

Among the major gainers in early trading today are Force Protection Inc. (NASDAQ: FRPT), which is currently trading 30.17% higher at $5.48, DISH Network Corp. (NASDAQ: DISH), which is currently trading 6.01% higher at $24.89, Tekelec (NASDAQ: TKLC), which is currently trading 11.72% higher at $11.06, and American Dental Partners Inc. (NASDAQ: ADPI), which is currently trading 79.38% higher at $18.62.

Among the major losers in early trading today are BroadSoft Inc. (NASDAQ: BSFT), which is currently trading 5.16% lower at $34.53, SYSCO Corporation (NYSE: SYY), which is currently trading 0.43% lower at $27.68, and Echostar Corporation (NASDAQ: SATS), which is currently trading 6.85% lower at $24.63.

 

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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