Monday, August 02, 2010

MIDDAY LUNCH

Dow 10635.89  +169.95, Nasdaq 2290.04  +35.34,S&P 1121.53  +19.93 

All 10 major sectors are trading in positive territory with gains of at least +1%, and seven of them are up by +2% or more.

Wal-Mart (WMT) 51.10 -0.09, -0.18% is the only Dow component trading to the down side and Coca-Cola (KO) 53.46 +1.25, +2.27% shares are strong after a upgrade at JPMorgan Chase.

Shares of Visa (V) 71.61 -1.74, -2.39% and Mastercard (MA) 202.62 -7.42, -3.53% are being hurt after news that Verizon (ZV) 29.45, +0.39, +1.34% and AT&T (T) 26.58, +0.64, +2.47% are working on allowing cell phone users to make purchases using their cell phones instead of debit and credit cards.

Commodities are also stronger today, with the CRB Index up +1.05%.

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