EmailStock Market Update
Market Snapshot
| Dow | 12959.50 | -7.87 | (-0.06%) |
| Nasdaq | 2980.39 | +3.61 | (0.12%) |
| SP 500 | 1407.39 | +1.10 | (0.08%) |
| 10-yr Note | +8/32 | 1.640 | |
| NYSE | Adv 1749 | Dec 1199 | Vol 268.1 mln |
| Nasdaq | Adv 1337 | Dec 1007 | Vol 799.5 mln |
Industry Watch
| Strong: Consumer Staples |
| Weak: Financials, Materials, Technology, Telecoms |
Moving the Market
 |
Weekly MBA Mortgage Index: -0.9% current, -2.2% prior October new home sales: 368K actual, 388K Briefing.com consensus, 369K prior |
Seagate Sliding on Insider Sales
27-Nov-12 12:30 ET
Dow -7.87
at 12959.50,
Nasdaq +3.61
at 2980.39,
S&P +1.10
at 1407.39
[BRIEFING.COM] The S&P 500 is adding 0.1% as cautious trade continues.
Technology stocks are performing largely in-line with the broader market. Apple (AAPL 586.86, -2.67), which has been in focus recently, is off by 0.5%.
Elsewhere, Seagate (STX 26.17, -1.17) trades lower by 4.3%. The weakness comes after company insiders exercised their options and sold stock. The news is seen as negative for the Seagate as the company was seen as a potential takeover target. Stock sales by insiders suggest that a deal is far from being completed. Western Digital (WDC 34.92, -0.89) is down 2.5% in sympathy.
Also of note, Corning (GLW 12.21, +0.85) is surging 7.5% after the company updated its forecast to reflect better-than-expected fourth quarter LCD volume.
Technology stocks are performing largely in-line with the broader market. Apple (AAPL 586.86, -2.67), which has been in focus recently, is off by 0.5%.
Elsewhere, Seagate (STX 26.17, -1.17) trades lower by 4.3%. The weakness comes after company insiders exercised their options and sold stock. The news is seen as negative for the Seagate as the company was seen as a potential takeover target. Stock sales by insiders suggest that a deal is far from being completed. Western Digital (WDC 34.92, -0.89) is down 2.5% in sympathy.
Also of note, Corning (GLW 12.21, +0.85) is surging 7.5% after the company updated its forecast to reflect better-than-expected fourth quarter LCD volume.
