Friday, August 13, 2010

MIDDAY LUNCH

Dow 10329.03  +9.08, Nasdaq 2183.94  -6.33, S&P 1083.20  -0.41 

Stocks have been trading around the neutral line for most of the day.  The NASDAQ is currently trailing due to weakness in large cap tech stocks.  Apple (AAPL) 250.13 -1.66, -0.66%, Google (GOOG) 487.97 -4.04,-0.82%, and Oracle (ORCL)22.72 -0.22, -0.96%.

Shares of retailers are also weak after the retails sales numbers for July missed expectations.  Shares of Nordstrom (JWN) 31.15 -2.29, -6.85% are under heavy selling pressure.

Eli Lilly (LLY) 35.70 -0.90, -2.46% are trading lower after the company reduced revenue forecast,  the company is now forecasting growth in the low- to mid-single digits replacing thier mid-single digit growth forecast previously issued. 

No comments: