Stocks Trade Higher at Midday, Hot Stocks to Watch

Wall StreetStocks are moving into positive territory in midday trading as banks push the overall market higher. Many analysts are starting to wonder if a pull back is imminent. The Dow has jumped close to 2,000 points since late November and has yet to see a meaningful pull back. We have seen some speed bumps along the way, the most recent being a 200 point drop in early March.

As long as economic data stays positive, we should see the current rally continue. If a negative jobs report comes out or some other troubling economic data though, a market pull back could occur.

Taking a peek at the stock indexes at midday show the Dow up 23 points, the Nasdaq up 24 points and the S&P 500 up 7 points. [Read more...]

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