Stock Market Midday, Oct. 9: Stocks Edge Higher, Humana jumps 13%
As of 11:47 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) has climbed 0.51% to 51,493, the Nasdaq Composite (NASDAQINDEX:^IXIC) is up 0.51% to 27,333, and the S&P 500 (SNPINDEX:^GSPC) is trading 0.42% higher at 7,798 as major benchmarks recover from earlier volatility.
Gold is up 1.33% to $4,190.08, and the 10-Year Treasury yield is up 2 basis points 5.26%. Energy stocks are the standout sector gainers, with technology and industrial stocks trading lower.
Humana surged 13% this morning after improving its Medicare Advantage rating and getting an analyst upgrade. Delta Air Lines slipped after a guidance cut and earnings miss. AT&T and T-Mobile US slid on competition concerns from yesterday’s SpaceX spectrum deal. Apple fell following reports that the company reduced component orders for its next iPhone series due to weak demand.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.