Market news
01.07.2011, 16:08

Dow +110.99 at 12525.33, Nasdaq +22.05 at 2795.57, S&P +9.80 at 1330.44

The major market averages are resting on solid gains. For the second straight session, industrials are among the best performers. As a group, industrial plays are up 1.2%.
Consumer discretionary stocks are also in strong shape this session. Their 1.1% gain has been led by Darden Restaurants (DRI 51.68, +1.92) and Apollo Group (APOL 46.98, +3.30). Shares of DRI are up in the wake of news that the company posted in-line earnings and hiked its dividend 34% to $0.43 per share. As for APOL, its shares are up sharply in response to news of a better-than-expected bottom line for the latest quarter.

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