MIDDAY LUNCH

Dow 10134.91  +37.01, Nasdaq 2187.19  +8.14, S&P 1068.59  +3.71

Stocks are trading higher today after Halliburton (HAL) 28.85 +1.34, +4.87% beat their earnings estimates, which gave a boost to the energy sector.

In economic news the National Homebuilders Association Index came in below estimates at 14, economist were looking for a reading of 16.

Bank of America (BAC) 13.51 -0.46, -3.33% are lower after Goldman Sachs (GS) 146.37 +0.20, +0.07% removed the bank from their conviction buy list, but retained their buy rating.

In other banking news, reports say that Germany’s Hypo Real Estate may have failed the European stress test. Bundesbank has controlled Hypo Real Estate since 2008. Deutsche Bank (DB) 61.19 -0.04, -0.07%   and HSBC Holdings (HBC) 47.56 -0.06, -0.13% are trading slightly lower on the news.

Companies reporting earnings after the close are:

IBM (IBM) 129.46, +1.43, +1.12%, consensus EPS estimate of $2.58 versus a year-ago $2.32.

Texas Instruments (TXN) 25.31 +0.54, +2.14%, consensus EPS estimate of $0.62 versus a year-ago $0.20.

Tupperware Bands (TUP) 42.58 -0.11, -0.26%, consensus EPS estimate of $0.97 versus a year-ago $0.86.