Stocks Headed for a Higher Finish
Stocks are headed for a higher finish today, with all three major indexes in green in late trading. Stocks are gaining on the back of some robust earnings reports and better than expected U.S. trade data.
Technology sector is leading the gains in the S&P 500 in trading currently. At last check, the sector was trading 0.81% higher. Healthcare sector has also risen sharply in trading today. At last check, the sector was up 0.63%. Financials are currently trading 0.48% higher. Energy sector is up 0.36% in late trading. Consumer Non-Cyclical and Utilities are the only sectors in the S&P 500 in red in trading currently. At last check, Consumer Non-Cyclical sector was trading 0.16% lower, and the Utilities sector was trading 0.03% lower.
LinkedIn Corp. (NYSE: LNKD) shares have been amongst the biggest gainers in trading today. Shares of the professional networking site are soaring after it reported better than expected fourth-quarter earnings. LinkedIn shares rose to an all-time high of $151.89 earlier today, and at last check, the stock was trading 21.71% higher at $151.03.
Other major movers in late trading include Caesars Entertainment Corp. (NASDAQ: CZR), which is currently trading 38.37% higher at $13.93, Riverbed Technology Inc. (NASDAQ: RVBD), which is currently trading 18.01% lower at $16.48, Zynga Inc. (NASDAQ: ZNGA), which is currently trading 12.29% higher at $3.47, and Facebook Inc. (NASDAQ: FB), which is currently trading 0.17% lower at $28.60.
European markets ended mostly higher earlier today, with the FTSE 100 Index in London closing 0.57% higher, and the CAC 40 Index in Paris closing 1.35% higher. Asian markets ended on a mixed note overnight.