Stocks continue to rally in midday trading as better than expected unemployment numbers overshadowed the threat of downgrades from Moody’s. Each of the major indices are up more than 1% right now. The Dow is up 123 points, the Nasdaq is up 39 points and the S&P 500 is up 14 points.
Microsoft Corporation (NASDAQ:MSFT) is up 4.68% in midday trading at $31.45. MSFT has traded 51 million shares so far today and trades 54.8 million shares a day on average. MSFT shares are up more than $5 since December. Positive jobs data has sent nearly all stocks up today. The company has a market cap of 262.55 billion.
Ford Motor Company (NYSE:F) is up 3% today at $12.75. F is up on lighter than average volume today with 32.1 million shares traded. The stock typically trades 48.38 billion shares a day. Ford has been trading between $12 and $13 for about a month now. The company has a market cap of 48.41 billion.
Citigroup, Inc. (NYSE:C) is up 1.73% today at $32.31. C has traded 32.4 million shares in midday trading and trades 52.4 million shares a day on average. Financials are largely ignoring Moody’s downgrade warnings today as they are rallying across the board. The company has a market cap of 94.47 billion.
Apple Inc. (NASDAQ:AAPL) is up 1.19% in midday trading at $503.75. AAPL has traded 25.7 million shares today, up from its daily average of 13.1 million shares. Apple announced it will start updating Mac OS X once a year starting with Mac OS X 10.8 this summer. The company has a market cap of 94.56 billion.
Oracle Corporation (NASDAQ:ORCL) is up 2.72% today at $28.74. ORCL has traded 21.8 million shares so far today and trades 32.6 million shares a day on average. The company has a market cap of 144.64 billion.
Zynga Inc. (NASDAQ:ZNGA) is up 4.37% in midday trading at $12.31. ZNGA has traded 7.2 million shares today and trades 14.5 million shares a day on average. ZNGA shares are benefiting from today’s rally after the stock dipped on earnings. The company has a market cap of 8.64 billion.
About Martin Stephenson
