The stock markets are trading drasticly lower at 2:15 pm EST. The blame for the down drift are the price of oil is higher than $70 per barrel and gold price is marching above $600 per oz. The price of oil will have the biggest impact on the economy which translates into lower earnings from companies. This will be getting worse as summer driving season is coming. As I have mentioned last week, the stock market will go in sync with the price of oil, oil up, stocks down. I would be careful when I place my stock bets right now.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(JOBS) 21.45 +2.37 +857
(LFC) 53.49 +1.53 +268
(GDI) 70.92 +6.82 +233
(ACO) 29.83 +0.65 +232
(ASPV) 29.53 +1.58 +174
Stocks Down:
(IVGN) 63.87 -3.54 +393
(NNI) 39.32 -1.17 +333
(NOIZ) 18.35 -1.84 +311
(UTI) 22.91 -0.97 +249
(FRO) 29.50 -0.84 +210
Tags: stocks midday
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