US midday; Wall Street maintains gains
Sep 08, 2010
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Wall Street got off to a strong start today and it is hanging onto its gains as worries about the financial stability of European banks start to ease as the Portuguese government completed a successful debt offer.
Banks, such as JPMorgan Chase and Bank of America, are recovering and a lower dollar is helping resources companies.
The Dow Jones is 75 ahead at 10,416, the S&P 500 is 10 higher at 1,102 and the Nasdaq is up 26 at 2,235. The Nasdaq has been the strongest index in the latter part of the morning and it has been adding to its early gains.
Oil giant BP blames partners Halliburton and Transocean for contributing to the oil spill in the Gulf of Mexico earlier this year. The share prices of all three companies are rising.
Hewlett-Packard has slapped a lawsuit on Oracle in order to stop it employing Mark Hurd, HP's former chief executive. However, a downgrade by UBS from neutral to buy is uppermost in the minds of investors.
Goldman Sachs has raised office supplies retailer Staples from neutral to buy.
Rising steel prices are helping US Steel.
JA Solar has announced supply agreements totalling 500MW of solar cells.
S&P 500 - Risers
Symantec Corp. (SYMC) $14.88 +6.48%
Huntington Bancshares Inc. (HBAN) $5.80 +5.84%
AK Steel Holding Corp. (AKS) $14.61 +4.95%
Regions Financial Corp. (RF) $6.89 +4.87%
NetApp Inc. (NTAP) $46.95 +4.85%
Keycorp (KEY) $8.08 +4.66%
JDS Uniphase Corp. (JDSU) $10.62 +4.42%
Genworth Financial Inc. (GNW) $11.87 +4.40%
Priceline.Com Inc. (PCLN) $324.58 +4.18%
Carmax Inc. (KMX) $22.16 +4.14%
S&P 500 - Fallers
Visa Inc. (V) $68.76 -3.83%
Teradyne Inc. (TER) $9.31 -3.37%
Baxter International Inc. (BAX) $42.98 -3.16%
Hewlett-Packard Co. (HPQ) $38.69 -3.08%
NiSource Inc. (NI) $17.12 -2.78%
Limited Brands Inc. (LTD) $25.23 -2.55%
Applied Materials Inc. (AMAT) $10.58 -2.22%
Mastercard Inc. (MA) $196.15 -2.18%
Micron Technology Inc. (MU) $6.62 -1.90%
Reynolds American Inc. (RAI) $56.49 -1.79%
Dow Jones I.A - Risers
JP Morgan Chase & Co. (JPM) $39.32 +2.72%
Alcoa Inc. (AA) $11.15 +2.67%
Caterpillar Inc. (CAT) $71.29 +2.28%
Boeing Co. (BA) $64.70 +2.02%
Bank of America Corp. (BAC) $13.45 +1.82%
General Electric Co. (GE) $15.70 +1.69%
Pfizer Inc. (PFE) $16.58 +1.50%
Merck & Co. Inc. (MRK) $35.96 +1.41%
Cisco Systems Inc. (CSCO) $20.85 +1.30%
E.I. du Pont de Nemours and Co. (DD) $42.55 +1.30%
Dow Jones I.A - Fallers
Hewlett-Packard Co. (HPQ) $38.69 -3.08%
Intel Corp. (INTC) $17.81 -1.70%
Wal-Mart Stores Inc. (WMT) $51.56 -0.58%
Travelers Company Inc. (TRV) $50.06 -0.14%
American Express Co. (AXP) $40.07 -0.05%
Nasdaq 100 - Risers
Symantec Corp. (SYMC) $14.88 +6.48%
Joy Global Inc. (JOYG) $65.24 +5.24%
NetApp Inc. (NTAP) $46.95 +4.85%
Priceline.Com Inc. (PCLN) $324.58 +4.18%
eBay Inc. (EBAY) $24.39 +3.65%
Hologic Inc. (HOLX) $15.18 +3.05%
Cerner Corp. (CERN) $78.59 +2.88%
Wynn Resorts Ltd. (WYNN) $89.10 +2.80%
First Solar Inc. (FSLR) $138.47 +2.73%
Sandisk Corp. (SNDK) $37.59 +2.68%
Nasdaq 100 - Fallers
Applied Materials Inc. (AMAT) $10.58 -2.22%
Intel Corp. (INTC) $17.81 -1.70%
Oracle Corp. (ORCL) $24.09 -0.72%
Genzyme Corp. (GENZ) $70.52 -0.69%
Warner Chilcott Plc (WCRX) $29.29 -0.68%
Seagate Technology Plc (STX) $10.77 -0.65%
Maxim Integrated Products Inc. (MXIM) $16.49 -0.53%
FLIR Systems Inc. (FLIR) $26.51 -0.19%
Virgin Media Inc. (VMED) $21.30 -0.14%
Microchip Technology Inc. (MCHP) $28.69 -0.11%
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