EmailStock Market Update
Market Snapshot
| Dow | 13885.54 | +101.37 | (0.74%) |
| Nasdaq | 3126.24 | +9.99 | (0.32%) |
| SP 500 | 1494.55 | +6.70 | (0.45%) |
| 10-yr Note | -7/32 | 1.890 | |
| NYSE | Adv 1799 | Dec 1139 | Vol 400.7 mln |
| Nasdaq | Adv 1466 | Dec 963 | Vol 1.16 bln |
Industry Watch
| Strong: Consumer Discretionary, Industrials, Materials |
| Weak: Consumer Staples, Technology |
Moving the Market
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January durable goods orders: -5.2% actual, -3.5% Briefing.com consensus, +3.7% prior Durable goods ex-transportation: +1.9% actual, +0.2% Briefing.com consensus January pending home sales: +4.5% actual, +1.0% Briefing.com consensus, -4.3% prior |
Materials and Discretionary Stocks Among Afternoon Leaders
26-Feb-13 14:00 ET
Dow +101.37
at 13885.54,
Nasdaq +9.99
at 3126.24,
S&P +6.70
at 1494.55
[BRIEFING.COM] The S&P 500 is higher by 0.5% after notching a fresh afternoon high. The recent wave of buying has lifted the materials sector to its best level of the day.
Basic materials are outperforming in today's trade after displaying notable weakness dating back to last week. Due to the outsized losses seen by the sector, the space is now the weakest performer year-to-date.
In addition to materials, discretionary shares are also hovering near their session highs. Upbeat February consumer confidence as well as strong January new home sales data have provided support to discretionary stocks. The SPDR S&P Homebuilders ETF (XHB 27.76, +0.79) is higher by 2.9%.
Basic materials are outperforming in today's trade after displaying notable weakness dating back to last week. Due to the outsized losses seen by the sector, the space is now the weakest performer year-to-date.
In addition to materials, discretionary shares are also hovering near their session highs. Upbeat February consumer confidence as well as strong January new home sales data have provided support to discretionary stocks. The SPDR S&P Homebuilders ETF (XHB 27.76, +0.79) is higher by 2.9%.
