Shortly before noon ET today, all three major US stock indexes are showing gains, with the DJIA up about 47 points at about 12,985, the Nasdaq up more than 19 points at 2,953, and the S&P 500 up more than 3 points to 1,361. After opening lower this morning, markets rebounded on expected news on US jobless claim and a greater-than-expected build in crude oil inventories. The dollar is weaker today, with the dollar index down -0.36% at 78.937. The weaker dollar is pushing some commodities up, with precious metals gaining the most.
Among the major movers at around noon today are Vivus Inc. (NASDAQ: VVUS), Onvia Inc. (NASDAQ: ONVI), Sears Holdings Corp. (NASDAQ: SHLD), HomeAway Inc. (NASDAQ: AWAY), and GrafTech International Ltd. (NYSE: GTI).
Vivus is up nearly 90% at $20.01 after posting a new 52-week high of $21.44 earlier. Volume is about 20x the daily average of about 2.4 million shares traded. The drug maker yesterday received an FDA panel approval for its obesity drug. More coverage here.
Onvia is up about 32% at $4.14. Volume is already about 70x the daily average of 6,500 shares traded. The government contractor service has rejected a buyout bid at $4.25/share, boosting hopes of a bidding war for the company.
Sears is up nearly 20% at $62.47. Volume is already about 1.5x the daily average of 2 million shares traded. The retailer reported an enormous loss, but also announced plans to pare down the company. More coverage here.
HomeAway is down nearly -17% at $21.63 after posting a new 52-week low of $21.23. Volume is about 7x the daily average of around 378,000 shares traded. The Internet vacation rental company badly missed EPS estimates in the fourth quarter.
GrafTech is down about -13% at $13.42. Volume is nearly 7x the daily average of 1 million shares traded. The industrial products company reported a big revenue miss today.
Paul Ausick
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
