Stocks Extend Gains in Mid-Day Trading

Stocks have extended their gains in mid-day trading, with all three major indexes currently sharply higher. Stocks are bouncing back after three straight days of losses on speculation that President Obama will launch a $300 billion package to support jobs growth. A German court’s decision to reject a case seeking to block the country’s participation in bailouts of euro zone countries also boosted global equity markets today.

At last check, the Dow Jones was trading 1.84% higher at 11,343.95, the S&P 500 was trading 2.30% higher at 1,192.08, and the Nasdaq was trading 2.34% higher at 2,531.69.

All sectors in the S&P 500 are up sharply in mid-day trading. Industrials and Conglomerates are leading the gains in the S&P 500 in mid-day trading. At last check, Industrials were trading 2.69% higher, while Conglomerates were trading 2.49% higher.

Energy stocks have also bounced back sharply after Tuesday’s losses. At last check, Energy stocks were trading 2.65% higher. Among the major gainers in the Energy sector in mid-day trading are Exxon Mobil Corporation (NYSE: XOM), which is currently trading 2.29% higher at $72.78, Chevron Corporation (NYSE: CVX), which is currently trading 3.18% higher at $98.65, Schlumberger Limited (NYSE: SLB), which is currently trading 3.04% higher at $76.58, and Halliburton Company (NYSE: HAL), which is currently trading 2.74% higher at $41.99.

Other major gainers in mid-day trading are MELA Sciences Inc. (NASDAQ: MELA), which is currently trading 66.52% higher at $3.73, FuelCell Energy Inc. (NASDAQ: FCEL), which is currently trading 20.39% higher at $1.24, CONN’s Inc. (NASDAQ: CONN), which is currently trading 34.01% higher at $7.29, and VeriFone Systems Inc. (NYSE: PAY), which is currently trading 2.91% higher at $36.09.

Among the major losers in mid-day trading are Navistar International Corporation (NYSE: NAV), which is currently trading 0.26% lower at $38.70, National Retail Properties Inc. (NYSE: NNN), which is currently trading 1.73% lower at $26.14, and Royal Gold Inc. (NASDAQ: RGLD), which is currently trading 2.33% lower at $78.82.