Day Traders Diary
2/18/10U.S. stocks open mixed following a report jobless claims unexpectedly rose while inflation increased more than forecasted last month. The Dow Jones Industrial Average inched up 3 points to 10,312. Walmart is down a percent even though they beat earnings estimates. The S&P 500 Index inched up half a point to 1,099 while the Nasdaq Composite Index fell 2 points to 2,224. Plenty of earnings keep flooding in. Most of the companies continue to beat estimates, but not all stocks are trading higher. Priceline, Analog Devices, AXA, DirecTV, Salesforce.com, and Hormel Foods are all higher following earnings. Peets Coffee, Nvidia, Applied Materials, Wellcare, Noble Energy, MGM Mirage, Cabela's, Windstream, and Apache are lower following earnings. After the first hour the Dow rose 20 points thanks in part to the financials. The Nasdaq is quiet as the techs are mixed. After the first hour the averages remained in the green as it seems a number of stocks are perking up. It looks like money is coming in to the markets. Through the afternoon the averages kept improving. The Dow Jones Industrial Average finished up 83 points at 10,392. The S&P 500 Index gained 7 points to 1,106. The Nasdaq Composite Index advanced 15 points to 2,241.
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