Stocks remained mixed late Tuesday afternoon as investors await President Obama's speech to Congress.
The Dow Jones industrial average led with a 0.4% gain and the S&P 500 rose 0.2%. Meanwhile, the Nasdaq was down 0.1%. Turnover was tracking higher in the stock market today.
Open Table (OPEN), which offers a computerized reservation system for restaurants, jumped 4% in double its average daily volume. The stock is extended 8% past a 50.59 cup-with-handle buy point.
Terex (TEX) jumped 5% to its highest level in nearly two years, putting it 16% past a 30.10 buy point from a three-weeks-tight pattern. Terex cleared a deep cup-with-handle base in December. On Monday, the company announced that it would divest some of its road-building assets and operations.
Trimble Navigation (TRMB) rose 2% and regained its 50-day moving average. The GPS device maker has headed south recently due to a mixed outlook for the current quarter. Trimble's rebound is its first test of the 50-day line since clearing a cup-with-handle base in November.
On the downside, Valspar (VAL) gapped below its 50-day moving average and tumbled 8% after missing views. Before the open, the paint maker delivered fiscal Q1 earnings of 60 cents a share, down 3% from a year ago and 7 cents below views. Sales slipped 1% to $875.2 million, missing views of about $922 million.
President Obama is due to address a joint session of Congress Wednesday evening. Investors are awaiting details on any plan to avert automatic spending cuts slated to take effect March 1.
miramonte elementary school mark jenkins super bowl commercials 2012 mia amar e stoudemire m.i.a. adrianne curry
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.