Videos - Sector Updates

  •      02:38 PM Sector Update: Financial

    Financial shares are lower in mid-day trading, while Citigroup (C) is also pointing to the downside, despite plans to change the way it clears customer checks. In an internal memo, the bank said it will process checks starting with the smallest amounts first as of July 25, according to AP. Most...

  • 02:15 PM Sector Update: Technology

    Technology shares are down in mid-day trading following disappointing news from a key industry trade group. Earlier, the Semiconductor Industry Association reported chip sales fell 1.1% in February. That sent chip issues lower. Intel is down 1.5% while Advanced Micro Devices (AMD) is down 2.4%....

  • 02:13 PM Sector Update: Health Care

    Health care shares are trending higher, while Abbott Laboratories (ABT) is seeing solid gains after reporting study results. In sector news, Abbott Laboratories (ABT) today announced that data from its Endovascular Valve Edge-to-Edge Repair Study, or Everest II, showed that treatment with the...

  • 03:13 PM Sector Update: Consumer Shares Keeping Gains

    Consumer shares are higher in mid-day trading,while American Apparel (APP) may have to file for bankruptcy protection.

    In consumer sector ETFs, the SPDR S&P Retail (XRT) is up 1.0%.

    In mid-day news, shares of American Apparel are down after the Los Angeles-based clothing...

  • 03:23 PM Commodities Report: Gold Hits Record High; Crude Tops $106 a Barrel

    Commodities rallied to finish higher Thursday as both crude oil and gold futures surged as the first quarter came to a close.

    Light, sweet crude oil for April delivery finished up 2.4% to $106.72 a barrel. In other energy futures, heating oil was up 1.7% to $3.09 a gallon while natural...

  • 01:20 PM Financial Sector Update

    Financial shares are higher in mid-day trading, and Bank of America (BAC) is hit by a downgrade, sending shares lower through the first half of the day. In mid-day financial news, shares of Bank of America (BAC) are down after being reportedly downgraded by FBR Capital to Market Perform from...

  • 01:14 PM Technology Sector Update

    Technology shares are sharply higher in mid-session trading, and Apple's (AAPL) growth is seen continuing due to rising demand for devices like its iPad tablet, an analyst says. Shares of the company are higher after closing yesterday's regular session lower. The computer giant could continue...

  • 01:12 PM Health Care Sector Update

    Health care shares are higher in mid-day trading and Amgen (AMGN) is seen introducing its first dividend. Bloomberg reports that the biotech company may introduce its first dividend next month as investors seek value from the $17.4 billion in cash the company has socked away. Meanwhile, Boston...

  • 03:26 PM Financial Sector Update:March 23, 2011

    Financial shares are lower while Bank of America (BAC) is down on reports that regulators rejected the bank's plans to raise its dividend. The bank said it still hopes to raise its shareholder payout in the second half of the year, and plans to submit a revised proposal to regulators at the...

  • 03:19 PM Healthcare Sector Update: March 23, 2011

    Health care shares are lower in mid-session trading while Xoma (XOMA) tumbles after disappointing results from a clinical trial. The company is down nearly 30% in early trading, after it said late Tuesday its Phase 2b trial of XOMA 052 in Type 2 diabetes patients did not achieve the primary...