Stock Market Watch

Stocks Mixed in Early Trading

by ·



Stocks are mixed in early trading today as investors remain cautious after Thursday’s huge sell-off. On Thursday, equity markets across the global fell sharply on rising worries about a global recession. A statement issued by G20 late Thursday has eased the worries slightly; however, investors are expected to remain cautious.

In early trading, the Dow Jones is down 0.24% to 10,708.36, the S&P 500 is up 0.25% to 1,132.35, and the Nasdaq is up 0.42% to 2,465.87.


Consumer Cyclical stocks are leading the gains in the S&P 500 in early trading today. At last check, Consumer Cyclical stocks were trading 0.90% higher. Industrials are also rebounding after posting sharp losses on Thursday. At last check, Industrials were trading 0.79% higher. Energy stocks are marginally higher in early trading. At last check, Energy stocks were trading 0.17% higher. Basic Materials stocks, which were the worst performers in the S&P 500 on Thursday, are currently trading 0.46% lower.

Among the major gainers and losers in early trading today are Nike Inc. (NYSE: NKE), which is currently trading 5.75% higher at $89.02, Hewlett-Packard Company (NYSE: HPQ), which is currently trading 4.25% lower at $21.83, Tibco Software Inc. (NASDAQ: TIBX), which is currently trading 2.81% higher at $21.56, Richmont Mines Inc. (AMEX: RIC), which is currently trading 5.80% lower at $11.05, SIGA Technologies Inc. (NASDAQ: SIGA), which is currently trading 15.24% higher at $3.10, The Finish Line Inc. (NASDAQ: FINL), which is currently trading 8.57% higher at $20.01, and FedEx Corporation (NYSE: FDX), which is currently trading 1.22% higher at $67.39.

European markets, which had opened higher earlier today following the G20 statement, have shed their gains and are currently in red. At last check, the FTSE 100 Index in London was trading 0.25% lower, while the CAC 40 Index in Paris was trading 0.57% lower.

 

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.


Tags:

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.

You may also like...