The market is rebounding with about 30 minutes left in the trading day after being down earlier today. Europe continues to hang over the market as traders take a wait and see approach. The upcoming Fed meeting this week also has traders hesitating to take positions before they hear what the Fed has to say. The Dow is trading flat right now, the Nasdaq is down 3 points and the S&P 500 is up about a point.
Let’s take a look at the most heavily traded stocks today.
Bank of America Corporation (NYSE:BAC) is up 2.83% today at $7.28. BAC is up on above average volume this afternoon with 307 million shares traded, well above its daily average of 270 million shares. Brian Moynihan, chief executive for the company, told BofA workers that an additional $3 billion in expense cuts its coming. BAC shares have jumped up more than $2 a share over the past month. The company has a market cap of 76.54 billion.
Microsoft Corporation (NASDAQ:MSFT) is trading flat today at $29.75. MSFT has traded nearly 69 million shares today, well above its daily average of 55.7 million shares. MSFT shares have jumped more than $1 a share since Friday as investors reacted positively to the company’s quarterly results. The company has a market cap of 249.12 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) is down 0.5% in late day trading at $19.82. CSCO has traded 44.6 million shares so far today and averages 47.7 million shares a day. CSCO shares are up about $1.20 since the start of new year. The company has a market cap of 106.47 billion.
Nokia Corporation (NYSE:NOK) is up 2.23% today at $5.7393. NOK has traded 25.6 million shares so far today and trades 29.9 million shares a day on average. NOK shares have jumped about $0.50 a share since the beginning of January. The company has a market cap of 21.31 billion.
Hewlett-Packard Company (NYSE:HPQ) is up 1.92% today at $28.67. HPQ is up on above average volume today with 20 million shares traded, 3 million more than its daily average. HPQ shares are up $2 a share on the year. The company has a market cap of 56.82 billion.
Micron Technology, Inc. (NASDAQ:MU) is up 1.55% today at $7.89. MU is trading average volume today with 31.7 million shares traded, the stock typically trades 32.3 million shares a day. MU shares have jumped $1 a share since the start of January. The company has a market cap of 7.79 billion.