EmailStock Market Update
Market Snapshot
| Dow | 13327.82 | +223.68 | (1.71%) |
| Nasdaq | 3089.36 | +69.85 | (2.31%) |
| SP 500 | 1450.94 | +24.75 | (1.74%) |
| 10-yr Note | -23/32 | 1.841 | |
| NYSE | Adv 2757 | Dec 322 | Vol 433.9 mln |
| Nasdaq | Adv 2200 | Dec 325 | Vol 1.28 bln |
Industry Watch
| Strong: Materials, Industrials, Consumer Discretionary |
| Weak: Telecoms, Consumer Staples |
Moving the Market
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Weekly MBA Mortgage Applications: -10.4% actual, +11.2% prior December Challenger Job Cuts: -22.1% actual, -34.4% prior December ADP Employment: +215K actual, +140K Briefing.com consensus Weekly initial claims: 372,000 actual, 365,000 Briefing.com consensus, 362,000 prior. Continuing claims rose to 3.245 million from 3.201 million |
Tech Outperforming Broader Market
02-Jan-13 14:00 ET
Dow +223.68
at 13327.82,
Nasdaq +69.85
at 3089.36,
S&P +24.75
at 1450.94
[BRIEFING.COM] Quiet afternoon trade continues and the S&P 500 is rising by 1.7%.
Technology stocks are among today's top performers, and the SPDR Technology Select Sector ETF (XLK 29.53, +0.68) is higher by 2.4%. Apple (AAPL 544.74, +12.57) is adding 2.4% as the largest tech company trades in-line with the remainder of the sector.
Elsewhere, semiconductor manufacturers are outperforming the broader market and the PHLX Semiconductor Average is up 2.9%. All 30 names which comprise the complex are advancing, and today's strength has lifted the average to its best level since late September. Among individual producers, Taiwan Semiconductor (TSM 18.02, +0.86) and Veeco Instruments (VECO 30.99, +1.50) are both up near 5.0%.
Technology stocks are among today's top performers, and the SPDR Technology Select Sector ETF (XLK 29.53, +0.68) is higher by 2.4%. Apple (AAPL 544.74, +12.57) is adding 2.4% as the largest tech company trades in-line with the remainder of the sector.
Elsewhere, semiconductor manufacturers are outperforming the broader market and the PHLX Semiconductor Average is up 2.9%. All 30 names which comprise the complex are advancing, and today's strength has lifted the average to its best level since late September. Among individual producers, Taiwan Semiconductor (TSM 18.02, +0.86) and Veeco Instruments (VECO 30.99, +1.50) are both up near 5.0%.
