The major averages built on earlier gains in late-afternoon trading Thursday as investors cheered better-than-expected jobs and manufacturing data.
The Nasdaq and the S&P 500 were each up 1.2%, with the S&P rising above 1700 for the first time ever. The Dow Jones industrial average gained 0.9%. Volume was running 13% higher on the NYSE and was up 1% on the Nasdaq compared with the same time Wednesday.
The stock market today jumped at the open after initial jobless claims unexpectedly fell last week and the Institute for Supply Management's manufacturing index rose much more than expected in July.
Ocwen Financial (OCN) jumped 7% to a new high after its quarterly earnings report. Volume was heavy as the stock continued to rise above its 10-week line, putting it 20% past a 42.17 buy point.
Ocwen's Q2 profit rose 66% to 53 cents a share, a healthy gain that nevertheless trailed analysts' expectations. But revenue soared 151%, easily beating views, and the company said it may buy back shares.
Software developer Tangoe (TNGO) rose 5% in above-average turnover. It's risen beyond a buying range after breaking out from a base within larger correction. But it's still 13% off its high.
Meanwhile, Facebook (FB) rebounded from Wednesday's 2% loss by climbing 3% to a new high in almost double its average daily volume. The stock was aiming to close above its IPO price of 38 for the first time since debuting in May 2012.
On the downside, Hertz Global (HTZ) slumped 3.5%, dropping back below its 50-day line, in volume that was running more than three times its daily average. And camera-chip designer Ambarella (AMBA) gave up 4% in heavy turnover. It's lost support at its 10-week line for the first time since March.
Source: http://news.investors.com/investing-stock-market-today/080113-666036-stocks-up-volume-higher.htm
michael jordan stephen colbert Exodus International John McAfee publix North West James Gandolfini
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.