Analytics, News, and Forecasts for CFD Markets: stock news — 10-02-2011.

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10.02.2011

19:49

Dow -25.09 at 12214.80, Nasdaq -1.64 at 2787.43, S&P -0.83 at 1320.05

The stock market continues to trade in a relatively tight range just below the neutral line, where it has been for the past three hours. The stock market's inability to push into positive territory stems from a lack of follow through after rallying from a steep loss in the early going. Although stocks are up nicely from their session lows, there really hasn't been any kind of leader to take stocks another leg higher. Telecom, up 0.6%, is in the best shape of any major sector, but the sector is among the smallest by market weight. In contrast, tech, which is the largest sector by market weight, is in the worst shape with its 0.5% loss following downside guidance from Akamai Tech (AKAM 40.92, -7.07) and Cisco Systems (CSCO 19.04, -3.01).

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