Stocks Slightly Higher in Mid-Day Trading
Stocks have turned positive after struggling for direction in early trading, with all three major indexes currently in green. However, the gains have been limited as investors remain cautious ahead of the Federal Reserve’s annual symposium, which will be held later this week in Jackson Hole, Wyoming.
At last check, the Dow Jones was trading 0.02% higher at 13,160.06, the S&P 500 was trading 0.29% higher at 1,415.18, and the Nasdaq was trading 0.39% higher at 3,081.66.
Technology sector is leading the gains in the S&P 500 in mid-day trading today. At last check, the sector was trading 0.58% higher. Conglomerates are also gaining in mid-day trading. At last check, the sector was trading 0.40% higher. Energy sector is currently trading 0.23% higher. Consumer Cyclical and Transportation sectors have been the worst performers in trading today. Both sectors are currently down 0.37%. Basic Materials sector is currently trading 0.17% lower.
Apple Inc. (NASDAQ: AAPL) shares are among the major gainers in trading today. Apple shares are gaining after the iPhone maker won a patent infringement case against Samsung. AAPL shares rose to an all-time high of $680.87 in trading today. At last check, the stock was up 2.07% to $676.95.
Other major gainers in trading currently are Hertz Global Holdings Inc. (NYSE: HTZ), which is currently trading 11.03% higher at $14.60, Dollar Thrifty Automotive Group Inc. (NYSE: DTG), which is currently trading 7.40% higher at $86.99, Tiffany & Co. (NYSE: TIF), which is currently trading 6.92% higher at $62.55, and Nokia Corporation (ADR) (NYSE: NOK), which is currently trading 8.60% higher at $3.35.
Among the major losers in mid-day trading are Universal Display Corporation (NASDAQ: PANL), which is currently trading 7.20% lower at $39.65, and Kayak Software Corp. (NASDAQ: KYAK), which is currently trading 5.35% lower at $27.25.
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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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