Dow 10587.51 +13.83, Nasdaq 2293.74 -7.35 S&P 1138.87 +1.73
The markets are mixed today and volume has been good. Strength in the market is coming from the Financials, while there is weakness in the Tech area.
Financials are posting a +1.9% gain with nice gains in the Banking group (+3.6%) and Regional Lenders (+5.6%)
For the second straight session tech stocks have weighed on the broader market. Tech is currently down -0.7%. Losses among large-cap tech issues like Google (GOOG) 599.51, -8.75, Microsoft (MSFT) 30.27, -0.50, and Intel (INTC) 20.36, -0.44 are the sector's primary laggards.
A batch of generally encouraging December same-store sales reports from the retailers provided a supportive influence ahead of the claims report. Macy's (M), TJX Cos. (TJX), Limited (LTD), American Eagle (AEO), and Gymboree (GYMB) all increased their earnings guidance in conjunction with their same-store sales updates.
Barclays Capital reiterated their overweight rating on Apple (AAPL) 210.29 -0.69 and changed their target price from $235 to $260
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