(RTTNews) - Wall Street experienced a volatile day of trading on Monday, as stocks bounced back from early losses led by strength within the tech sector ahead of quarterly earning results from Apple (AAPL) and Texas Instruments (TXN).
Stocks fell in early trading, looking to extend substantial losses posted last Friday, as investors remained nervous about the state of economy following mixed earning results.
However, as the trading day wore on, tech stocks began to lead the markets higher, as investors put themselves in favorable positions ahead of earning results from key tech companies after the closing bell.
After opening in negative territory, the major averages were able to climb into positive territory to finish the session, ending near their intraday highs.
The Dow rose 44.95 points, or 0.33 percent, to close at 13,566.97. The Nasdaq climbed 28.77 points, or 1.06 percent, to finish at 2,753.93. The S&P 500 ended at 1,506.33, an increase of 5.70 points, or 0.38 percent.
After posting a loss of more than 100 points in early trading on Monday, the Dow was able to pare its early losses and end the session with a modest gain, breaking a five-day losing streak. Leading the way within the average was pharmaceutical company Merck (MRK).
Monthly MRK Up Since : June 30th of 2006 @ $36.50
Weekly MRK Up Since: September 19th of 2007 @ $50.94
MC Members Up : 13.7% In a little over 1 Month
MRK is one of my favorite stocks... so I thought I would share it with members in light of today's INO.com's News Headlines.
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One thought on “Tech Stocks Lead Markets Higher On Volatile Trading Day”
what about their web presence. I don't see a score for Apple (AAPL) or Texas Instruments (TXN) at http://investorawarenessindex.com/
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