EmailStock Market Update
Market Snapshot
| Dow | 13935.65 | +53.72 | (0.39%) |
| Nasdaq | 3152.27 | -2.03 | (-0.06%) |
| SP 500 | 1504.78 | +4.60 | (0.31%) |
| 10-yr Note | -11/32 | 2.002 | |
| NYSE | Adv 1541 | Dec 1352 | Vol 269.9 mln |
| Nasdaq | Adv 1196 | Dec 1170 | Vol 860.9 mln |
Industry Watch
| Strong: Technology, Telecoms, Health Care |
| Weak: Financials, Dow Transports |
Moving the Market
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Fourth quarter advance GDP: -0.1% actual, +1.0% Briefing.com consensus Fourth quarter advance GDP chain deflator: -0.6% actual, +1.6% Briefing.com consensus January ADP Employment Change: 192K actual, 175K Briefing.com consensus Weekly MBA Mortgage Index: -8.1% actual, +7.0% prior |
Health Care and Energy Outperforming Broader Market
29-Jan-13 12:00 ET
Dow +53.72
at 13935.65,
Nasdaq -2.03
at 3152.27,
S&P +4.60
at 1504.78
[BRIEFING.COM] The S&P 500 and Dow are hovering near their recent highs. Meanwhile, the Nasdaq is seeing little change after recovering earlier losses. The tech-heavy index continues to lag as cautious guidance from Seagate (STX 34.15, -3.26) and VMware (VMW 78.36, -19.96) weighs on the sector. VMware fell hard immediately following its forecast, while Seagate has seen steady selling so far today. The two stocks are seeing respective losses of 20.6% and 8.6%.
Elsewhere, the S&P 500 is trading at its session high with energy and health care stocks in the lead. Both sectors are benefitting from upbeat quarterly results as they pace the advance. Among health care stocks, Boston Scientific (BSX 7.26, +0.39) is surging 5.7% after beating on the top line.
In the energy sector, Valero (VLO 42.02, +3.20) is soaring 8.3% after the refinery operator beat on earnings and revenue. Also of note, crude oil is adding 1.4%. The energy component is currently at $97.75.
Elsewhere, the S&P 500 is trading at its session high with energy and health care stocks in the lead. Both sectors are benefitting from upbeat quarterly results as they pace the advance. Among health care stocks, Boston Scientific (BSX 7.26, +0.39) is surging 5.7% after beating on the top line.
In the energy sector, Valero (VLO 42.02, +3.20) is soaring 8.3% after the refinery operator beat on earnings and revenue. Also of note, crude oil is adding 1.4%. The energy component is currently at $97.75.
