The market is trading lower in the afternoon today. Even thought the price of oil is falling again, it turned up briefly but it went the opposite direction in the afternoon. The weakness is probably due to the weakness in the economy. This morning, the ISM manufacturing index has shown that it dipped to 52.9% in September from 54.5% in August, the lowest since May 2005 and below estimates of 53.5%.
There were also concerns about a potential weak reading in the ISM index when the Philadelphia Fed's survey of manufacturing activity recently dropped to a reading of -0.4 from 18.5 in August. It was the first negative reading since April 2003.
The biggest losers today are: (CRYP), US banned internet gaming. (LCAV), earning misses.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(RSTI) 61.73 +0.96 +246
(IIVI) 25.60 +0.68 +195
(SPI) 49.91 +1.35 +155
(TNL) 30.92 +1.07 +83
(PNK) 29.70 +1.58 +83
Stocks Down:
(CRYP) 17.95 -4.09 +2,855
(LCAV) 30.81 -10.50 +1,457
(FLS) 48.84 -1.75 +558
(IYE) 92.10 -0.65 +546
(FRC) 38.91 -3.65 +449
Tags: stocks midday
No comments:
Post a Comment