Wednesday, July 28, 2010

MIDDAY LUNCH

Dow 10513.85  -23.84, Nasdaq 2273.83  -14.42, S&P 1108.66  -5.18 

Stocks have been trading in slight negative territory all day, but the Transportation Index is trading with a slight gain on some good earnings reports.

C H Robinson (CHRW) 64.75 +3.55 and Norfolk Southern (NSC) 54.90 -1.62 both beat earnings estimates, while C H Robinson was upgraded by an analyst and Norfolk Southern said it was increasing the size of its share repurchase program.

Meanwhile, the Healthcare and Technology sectors are the big losers so far today, with both sectors off -1.06%.

In economic news Durable Orders misses estimates coming in at -1.0%.  Economists were looking for a gain of +1.0%.

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