Mixed Action Extends into Final Hour
July 5th, 201106-Jul-11 15:00 ET Dow +56.04 at 12625.91, Nasdaq +5.81 at 2831.58, S&P +0.89 at 1338.77
The S&P 500 remains mired near the neutral line as it plods into the final hour of today’s trade. Although they are off of their session low, financials (-0.6%) continue to be a source of weakness. Energy stocks (-0.5%) have hampered action, too. In contrast, tech stocks (+0.4%) and industrials (+0.7%) have provided support.
The Dow has managed to hold on to a solid gain, however. Its relative strength comes as 3M (MMM 97.43, +1.29), Caterpillar (CAT 109.74, +1.31), and Boeing (BA 74.97, +0.82) put together the best gains among blue chips.