After an early slip the stock market attempted to recover to the neutral line, but it was met with resistance there. The early gyrations have made for a rather choppy start.
The stock market's underlying action remains generally mixed, but materials stocks have made a nice move higher. The sector, which slipped to an early loss of 0.2%, has since swung to a 0.4% gain. Dow Chemical (DOW 35.12, +0.44) and Monsanto (MON 71.95, +2.82) are leaders in the group. Monsanto posted this morning better-than-expected earnings and reaffirmed its outlook for fiscal 2011.
Advancing Sectors: Materials (+0.4%), Health Care (+0.3%), Tech (+0.3%), Industrials (+0.1%)
Declining Sectors: Energy (-0.4%), Energy (-0.4%), Utilities (-0.3%), Consumer Staples (-0.2%), Financials (-0.1%)
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