Shortly after noon ET today, the three major US stock indexes have reversed course from their higher openings. The DJIA up more than 15 points at around13,193, the Nasdaq down less than 1 point at 3,040, and the S&P 500 down about 1.5 points to around 1,395. Trading has not find anything to drive it either higher or lower yet today, so the indexes just muddle along. The dollar is higher today, with the dollar index up 0.44% at 80.548. Crude prices are also lower following the EIA weekly status report (more coverage here), with Brent down -0.37% and WTI down -0.78%.
Among the major movers at around noon today are Guidewire Software Inc. (NYSE: GWRE), NuPathe Inc. (NASDAQ: PATH), Federal Signal Corp. (NYSE: FSS), American Apparel Inc. (AMEX: APP), and Sterling Construction Co. Inc. (NASDAQ: STRL).
Guidewire Software is up nearly 17% at $29.97 after posting a new 52-week high of $32.79 earlier today. Volume is already above the daily average of about 400,000 shares traded. The business software company announced a new contract this morning.
NuPathe is up more than 15% at $3.77. Volume is already nearly double the daily average of about 36,000 shares traded. The biotechnology company’s transdermal patch for migraine sufferers got a strong review from a financial web site today.
Federal Signal is up nearly 15% at $5.26. Volume is already more than double the daily average of around 335,000 shares traded. The specialty truck maker posted better-than-expected revenues this morning.
American Apparel is down nearly -14% at $0.88. Volume is already more than 11x the daily average of around 52,000 shares traded. The clothing maker reported weak earnings and revenues this morning.
Sterling Construction is down more than -13% at $8.92 after posting a new 52-week low of $8.88 earlier today. Volume is already nearly 20x the daily average of around 73,000 shares traded. The construction firm posted an unexpectedly weak earnings report this morning.
Paul Ausick
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