Wednesday, August 18, 2010

MIDDAY LUNCH

Dow 10401.31  -4.54, Nasdaq 2217.63  +7.92, S&P 1092.85  +0.31 

The S&P 500 is now in positive territory, led by technology stocks which are up +0.4% and consumer discretionary stocks which are up +1.0%.

Oil stocks are down today as oil is down -1.2% to $74.85 per barrel.

Retailers trading higher today are Polo Ralph Lauren (RL) 83.56 +1.10, +1.33%, Jo-Ann Stores (JAS) 39.12 +0.94, +2.46% and Nike (NKE) 72.48 +0.77, +1.07%.

Deere (DE) 66.44 -0.99, -1.47% reported an upside earnings surprise and issued strong future guidance, but its shares are trading lower today.

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