New book by Larry Connors Click here Improve your trading - See how
| TradingMarkets.com
Stocks have pulled back from their intraday highs on the first trading day of the week. Up more than 2% in the first hour of trading, the Nasdaq has since dipped into the red, although the index is back in the green as of midday. The Dow remains up by more than 150 points halfway through Monday's trading.
Buying and short-covering in the financial stocks is the major source of bullishness on Monday, with Bank of America (BAC | Quote | Chart | News | PowerRating) up more than 4% and Wachovia (WB | Quote | Chart | News | PowerRating) up more than 5%. Also higher were home improvement retailers Lowe's (LOW | Quote | Chart | News | PowerRating) and Home Depot (HD | Quote | Chart | News | PowerRating). Both stocks were up more than 5% in the first half of trading on Monday.
Among today's biggest movers was UAL Corporation (UAUA | Quote | Chart | News | PowerRating), which lost more than 20% by midday on Monday as bankruptcy rumors forced a temporary suspension of trading in the stock.
Here is a list of stocks that have gained 20% or more so far in trading today.
| Name | Symbol | % Up |
|---|---|---|
| Gehl Company | GEHL | +116.03 |
| Zoom Technologies Inc. | ZOOM | +46.97 |
| Nevada Chemicals Inc. | NCEM | +34.59 |
| Wegener Corporation | WGNR | +28.30 |
| Neonode Inc. | NEON | +23.75 |
| Biopure Corporation | BPUR | +23.21 |
Here is a list of stocks that have lost 20% or more so far in trading today.
| Name | Symbol | % Down |
|---|---|---|
| Silver State Bancorp | SSBX | -85.71 |
| Biodel Inc. | BIOD | -67.08 |
| Authentec Inc. | AUTH | -55.87 |
| Midwest Banc Holdings Inc. | MBHI | -28.16 |
| UAL Corporation | UAUA | -27.07 |
| Gateway Financial Holdings Inc. | GBTS | -26.06 |
| Triad Guaranty Inc. | TGIC | -22.16 |
| Imperial Industries Inc. | IPII | -21.20 |
Source: MarketWatch
For a list of today's top-rated stocks, click here.
David Penn is Editor-in-Chief at TradingMarkets.com.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
