Stocks Gain Ground As Harley Davidson (HOG) and Morgan Stanley (MS) Lead Gainers
Posted: Friday, September 03, 2010 2:54 PM EDT
By: Market Intelligence Center Staff
Coming down the home stretch... Stocks approached new intraday highs in afternoon trading on light volume ahead of the holiday weekend. Heading into the final hour all three indices are up over 1% for the day. With volume slowing ahead of a three day weekend, we could see some surprising market shifts in the final hour of trading. However, with traders clearly elated that this morning's unemployment report did not confirm their worse fears, the odds of today's gains giving way to losses appear slim. Harley Davidson (HOG) and Morgan Stanley (MS) are up 4%. Caterpillar (CAT) and Prudential Financial (PRU) are up 3%. Family Dollar Stores (FDO) is down 2%. Campbell Soup (CPB) is down 3%. The Put/Call Volume Ratio is at 0.87, while the Put/Call Open Interest Ratio is at 0.91. [InvestorsKeyhole, various news and data sources]
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