Stocks have edged higher in late trading, with all three major indexes currently in green. Stocks are gaining even as investors digested disappointing housing market data released earlier today.
Basic Materials sector is leading the gains in the S&P 500 in late trading today. At last check, the sector was trading 1.03% higher. Energy sector has also risen sharply in late trading. At last check, the sector was trading 0.46% higher. Transportation sector is up 0.60% in late trading. Utilities are currently trading 0.88% higher. Consumer Cyclical sector has been the worst performer in the S&P 500 in late trading. At last check, the sector was down 0.86%. Technology sector is also in red in late trading. At last check, the sector was down 0.06%.
The Tech sector has slipped as investors remain cautious ahead of earnings from technology giants International Business Machines Corp. (NYSE: IBM), Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL).While IBM and Google will report their quarterly results after-market close today, Apple will release its quarterly results on Thursday. At last check, IBM shares were trading 0.50% higher at $195.45, while Google shares were trading 0.11% lower at $703.71. Apple shares are currently trading 0.49% higher at $502.45.
Other major movers in late trading today are Verizon Communications Inc. (NYSE: VZ), which is currently trading 0.35% higher at $42.69, Research In Motion Limited (NASDAQ: RIMM), which is currently trading 10.29% higher at $17.47, Synovus Financial Corp. (NYSE: SNV), which is currently trading 2.21% lower at $2.65, and Arena Pharmaceuticals Inc. (NASDAQ: ARNA), which is currently trading 9.57% lower at $8.84.
More Posts by this author
- Stocks End on a Mixed Note; S&P 500 Falls for a Third Straight Session
- Gold Prices Settle Lower but Post Weekly Gains; Silver Prices Also Slip
- Stocks Float in Red territory
- Stocks Edge Lower in Early Trading
- Salesforce.com Reports a Loss in Q1 (CRM)
- Zumiez Reports Q1 Results (ZUMZ)
- Forex Market Update: Euro Gains after German Data
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.