Technology Stocks Led The Broader
Posted on December 18th, 2009 in battery grip, battery tips, digital camera battery, laptop battery, news of batteries | No Comments »
Technology Stocks Led The Broader
After posting a 45-point decline at its morning low, the Dow Jones Industrial Average has hovered near the flatline throughout the afternoon. It was recently off just nine points, trading at 10299.19 for laptop batteries. The tech-heavy Nasdaq Composite Index posted the strongest performance of the major indexes, up 1.1%, boosted by an 11% rise in Research In Motion and a 5.9% gain in Oracle.The S&P 500 was recently up 0.3%, led by a 1.2% gain in its technology sector. The only categories in the broad index posting declines recently were consumer staples, off 0.7%, and industrials, off 0.2%.
Traders said there were a flurry of trades related to the expiration of options and futures contracts scheduled at the closing bell. Moves by traders to obtain shares to deliver against those contracts began on Thursday, driving stock-market volume well above the 2009 daily average of 5.7 billion shares for Sony-VGP-BPS5. That process has continued Friday, with key volume yardsticks again on track to come in strong.
Investors have taken a break from making big bets on fundamentals following a 133-point slide in the Dow in the previous session like GK479 . But traders said the going could again become rocky once money managers begin to make bets for 2010, which is likely to include a sluggish economic recovery in the U.S.
“The Nasdaq index is the only place where where we’re seeing any real action today,” said Peter Cardillo, chief market economist at Avalon Partners in New York. “But I think we’re going to see through the last few trading sessions of the year that the market will continue to have an upward bias, barring any truly surprising developments on the economy like Presario R3000 Battery.”Composite trading in New York Stock Exchange-listed companies recently hit 4.4 billion shares. The number of advancers and decliners was nearly even.
Citigroup, which took a drubbing following a weakly bid secondary offering on Thursday, staged a rebound and generated a big chunk of the market’s overall volume for a second straight day like VGP-BPS8 . The bank’s shares were recently up 3.3% at $3.31 on volume of 1.1 billion shares.The Chicago Board Options Exchange’s Volatility Index, which measures investor nervousness about upcoming market moves, also staged a turnaround Friday, off 1.4% on the heels of the previous session’s surge of more than 10%.
The move in the index has largely been related to the options expiration, though trends in contracts linked to the VIX itself suggest that investors are likely to remain nervous early next year like PA3399U-1BRS. Many of the VIX options unwound this week have been for December expiration, but investors seem to be clinging to January and February contracts, said Randy Frederick, director of derivatives at Charles Schwab & Co.
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