Stock Market Watch

Stocks Remain in Red in Mid-Day Trading

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Stocks have remained in red in mid-day trading. All three major indexes have been pushed lower by some weak euro zone and U.S. economic data.

At last check, the Dow Jones was trading 0.72% lower at 11,073.19, the S&P 500 was trading 1.30% lower at 1,145.26, and the Nasdaq was trading 1.52% lower at 2,443.13.

The losses in the S&P 500 are being led by Conglomerates, which are currently trading 2.50% lower. Industrials are also down sharply in mid-day trading. At last check, Industrials were trading 1.75% lower. Financials are currently trading 1.60% lower. Transportation stocks are currently down 1.94%. Healthcare stocks have been the best performers in the S&P 500 in mid-day trading. At last check, the Healthcare stocks were trading 0.27% higher.


Among the major losers in trading currently are Ingersoll-Rand Plc (NYSE: IR), which is currently trading 13.20% lower at $27.74, Wynn Resorts Limited (NASDAQ: WYNN), which is currently trading 6.37% lower at $117.54, Focus Media Holding Limited (ADR) (NASDAQ: FMCN), which is currently trading 8.40% lower at $18.65, and Micron Technology Inc. (NASDAQ: MU), which is currently trading 13.06% lower at $5.10.

Among the major gainers in trading currently are Pharmasset Inc. (NASDAQ: VRUS), which is currently trading 5.77% higher at $81.76, Seattle Genetics Inc. (NASDAQ: SGEN), which is currently trading 3.67% higher at $19.23, and Salix Pharmaceuticals Ltd. (NASDAQ: SLXP), which is currently trading 3.89% higher at $30.21.

Earlier in the day, a report showed that U.S. personal income fell for the first time in two years, while consumer spending also slowed down, in the month of August. The figures released by the Commerce Department showed that personal income fell 0.1% in August, while spending increased only 0.2% in August. Consumer spending had risen 0.7% in the month of July.

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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