The market is trading slightly lower to flat today. Again, like the previous trading days, the DOW is attempting to break the old all-time high record, but it came back down from its high. Volume has been slowed today. Again big and mid cap stocks are taking the leads, (RIMM) is a prime example. It is a 20 billion cap company which announced better than expected earning report last night.
In economic news, personal spending dipped 0.1% in August, the first decline since September 2005 and below estimate of a 0.2% rise. Personal income rose 0.3% same as estimate, but it is the smallest gain in nine months. The core personal consumption expenditure index, another Fed's preferred inflation indicator, climbed 0.2% in August. Also, the Chicago purchasing managers' index jumped to 62.1% in September from 57.1% in August. It was the highest number in a year and above estimate of 56%.
The ever popular (GROW) is still tanking probably due to the fact that oil and gold prices are falling recently. It is in the commodity fund management business. I guess the performance of those funds are sinking will cause investors to flee the funds.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(CTCM) 21.05 +0.91 +266
(RYAAY) 63.54 +1.87 +232
(DOX) 39.91 +0.71 +160
(FMCN) 57.25 +1.99 +151
(AP) 31.78 +0.51 +125
Stocks Down:
(CHE) 31.87 -7.07 +1,392
(ESIO) 20.95 -1.39 +589
(CIG) 39.35 -0.65 +401
(TKR) 30.50 -2.31 +401
(EWBC 39.50 -0.70 +253
Tags: stocks midday
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