Stock Market Today
I am writing this at 9 PM EST, so the market wrap I have done is going to reflect that time. First I am going to cover some major business news that transpired today. Daimler Chrysler announced today it was going to cut 13,000 jobs or 16% of its workforce as a part of its restructuring plans. On the technology side, Dell announced that it was creating a new global operations group to reduce product costs.
For the sector wrap up, all sectors have been up today. Consumer Cyclical and Transportation sector were the top 2 sectors with Consumer Cyclical sector being 1.89% up, and Transportation being 1.59% up. Technology Sector was closely trailing transportation sector at 1.54%.
Stock Market Today Wrapup
In Transportation Sector, Marten Transport Ltd, CSX Corporation, Vitran Corp, Hub Group, and Old Dominion were the top gainers. Marten Transport gained 15.68%, while CSX Corporation saw a rise of 6.93%.
In Consumer Cyclical Sector, major gainers include Daimler Chrysler, Aftermarket Tech, Sony Corporation, Golfsmith Intl Hldgs, and Paccar Inc. Major Losers include Maidenform Brands, Aldila Inc, Eastern Company, Lithia Motors, and the Hallwood Group Inc. Daimler Chrysler rose a whopping $5.33 or 8.27%, while Maidenforms Brands saw its stock fall by $0.99, 4.81%.
Major gainers in the overall stock market are First Solar Inc, Dollar Thrifty, Millicom Intl Cellular, Employers Holdings, and Invitrogen Corporation. Major losers on the other hand included Daktronics Inc, Carters Inc, Watts Water Tech, Choices Hotels, and Weight Watchers International.
Previous Market Roundups:
Focus on Stock Market
Before Market Closes Roundup
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