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US stocks traded near the flatline today afternoon amidst lingering trepidation about the economy. Latest data revealed a slight weekly decline in the US jobless claims, but filings are still higher on a long-term basis. By 3:08 pm, the Dow Jones Industrial Average was down 47.23 points or 0.43%, to 10,895.70, while the broader Standard & Poor's 500 index had lost 6.55 points or 7.29%. The Nasdaq composite index had also slipped 17.96 points or 0.75%. Some of the narrow based indices that are helping the market are the Chinese Agriculture Stocks, which have gained 5.7%, the Airplane Leasing Stocks, up 3.9%, and the Chinese Travel Stocks, moving 3.1% higher as a group.
In Tickerspy's
Chinese Agriculture complex, China Agritech Inc
CAGC had surged 9.6% by 2:16 pm. CAGC’s net revenue for Q1 jumped 109% year-over-year to $15.3 million.
The best performing Tickerspy
Airplane Leasing stock has been AeroCentury Corp
ACY, which was up 9.7%. ACY’s EPS for the March quarter beat expectations by 41.20%.
7 Days Group Holdings Ltd
SVN is today’s leading Tickerspy's
Chinese Travel stock, gaining 7.7% by 2:16 pm. Roth Capital initiated coverage of SVN with a “buy” rating.
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from Benzinga's Markets.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: EarningsNewsInitiationIntraday UpdateMarketsAnalyst RatingsMoversAerospace & DefenseIndustrialsRoth Capitaltop Narrow Based Indexes
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