Volatility abound as stocks finish higher


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After Friday's huge losses in the stock market, the equity markets were able to finish slightly higher today. The major indices all opened lower and were lower by almost 1% early this morning before flip flopping numerous times during the day, only to finish the day higher. The Dow gained 45 points or .33%. The Nasdaq showed some nice relative strength, gaining 29 points, or 1.06%. The S&P 500 rose by just less than 6 points, or 0.38%.wall%20st.jpg

Technology stocks did lead the way higher today. NVIDIA Corporation (Nasdaq:NVDA) gained 4.73% today, finishing just off its 52 week high. Garmin Limited (Nasdaq:GRMN) shares jumped 4.61% today as the stock continues to be boosted by rumors of it being acquired. Xerox Corporation (NYSE:XRX) shares rose by 3.06% after reporting impressive earnings and subsequently being upgraded. Seagate Technology (NYSE:STX) rose by 3.35% on some nice volume today.

Retailers that have been hurt in recent trading saw a nice rebound today. Macy's Inc. (NYSE:M) gained 2.35% today to lead the department stores higher. Kohl's Corporation (NYSE:KSS) shares rose by 1.91%. Sears Holdings Corporation (Nasdaq:SHLD) was the major standout today, gaining 4.13% on nearly double its average volume. A couple of specialty retailers that have recently traded near their 52 week lows were very strong today. Aeropostale Inc. (NYSE:ARO) shot higher by 7.3%, while Chico's FAS Inc. (NYSE:CHS) jumped by 9.35%.

The basic material sector was the weakest today, trading to the downside rather significantly. The Mosaic Company (NYSE:MOS) fell by 3.86%, trading to the downside today after extreme strength in the past few months. Gold stocks were weak today as the commodity itself lost significant ground. Goldcorp Inc. (NYSE:GG) lost 3.1%, and Barrick Gold Corporation (NYSE:ABX) fell 3.05%.

Energy stocks were also rather weak today as oil prices fell below $88 a barrel on economic worries. Schlumberger Limited (NYSE:SLB) continued its massive decline from Friday, losing another 4.01% today. Ultra Petroleum Corporation (NYSE:UPL) fell by 4.03% on heavy volume today.


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