Right now its 2:05 PM ET, so this is one of my mid-day wrap ups of the stock market. Today the entire stock market has been very depressing. All the sectors except Consumer Cyclical Sector are down today, along with Dow Jones, Nasdaq, and S&P 500. I guess today is a very bad day for all stock market lovers.
Consumer Cyclical Sector which is the only sector that has a positive change is up 0.18%, while the biggest drops include Transportation Sector(Transportation Sector was also down yesterday), Health-care, and Conglomerates are some of the mentionable drops. Dow Jones is down 9.62 points, while Nasdaq is down 3.17 points. S&P 500 on the other hand saw a drop of 2.89 points.
Biggest positive gainers in Consumer Cyclical Industry include Mohawk Industries, which witnessed a whopping rise in its share price of $7.17 dollars, an 8.47% increase, while other notable increases in the sector were quite insignificant. Visteon Corporation saw its stock rise by 5.33%, a $0.45. DaimlerChrysler, as you may know has a rumor going on that it may be sold, so their stock is up by $3.17.
Hittite Microwave, United Stationers, Onyx Pharmaceuticals, Mohawk Industries, and Bright Horizons Family were the biggest gainers in the stock market, with Hitite Microwave's stock rising by 15.28%.
Career Education Corp, Navigant Consulting, The Mills Corporation, Corpbanca, and SGL Carbon were the worst performers, with Career Education losing 8.47% of its stock price value.
As I have said before there have been rumors that Chryser was going to be bought, and it seems that GM is in talks with DaimlerChrysler to buy the company. DaimlerChrysler Stock is currently trading at $73.42, up $3.17 over its opening trade.
As noted yesterday, Micorsoft executive said that Vista sales forecasts by analysts were too aggressive, and that the company might miss those forecasts. As usual, upon hearing of this news Microsoft shares fell. Microsoft was trading at $28.80 at 2 PM ET, down $0.66 or 2.24%.
On our soup news, Campbell Soup Company announced that its second quarter earnings were up by 12%, the news led to a surge in Campbell Soup stock by $2.38, or a healthy 6.01%. The stock is currently trading at $41.96 as of 2 PM ET.
Yesterday's Stock Market Digest
Nike Financial Analysis
Energy Sector Rising
Stock Dividends
Sphere: Related Content
Leave a comment