The market had a nice move this morning, but is failing to hold onto its gains.
The broad market still remains in positive territory, but “quality” seems to be dragging down the DOW JONES.
Laggards include: AIG, BAC, DIS, GM, HD, JNJ, KO, MCD, PG, UTX, VZ, WMT, and XOM.
1:30
Pelosi and Geitner are meeting:
Geitner: “Passing a plan that addresses the scale of the problems”
“We must get credit flowing”
and “We must address foreclosures.”
2:05 pm Unusual Volume as market slides
NASDAQ Stocks Up on Unusual Volume
As of 2/4/2009 1:40:00 PM
Symbol Last Sale Price Change Net / % Share
Volume Volume % Change
APA
* Real-time Quote
* Stock News
* Stock Chart
* Pre-Market Quote
* After Hours Quote
* Company Financials
Apache Corporation
$ 77.69 2.16 2.86% 3,457,525 1289%
NNDS
* Real-time Quote
* Stock News
* Stock Chart
* Pre-Market Quote
* After Hours Quote
* Company Financials
NDS Group plc.
$ 62.91 .90 1.45% 931,331 1082%
ILMN
* Real-time Quote
* Stock News
* Stock Chart
* Pre-Market Quote
* After Hours Quote
* Company Financials
Illumina, Inc.
$ 34 6.01 21.47% 9,783,778 548%
NETL
* Real-time Quote
* Stock News
* Stock Chart
* Pre-Market Quote
* After Hours Quote
* Company Financials
NetLogic Microsystems, Inc.
$ 23.53 2.95 14.33% 2,644,334 407%
RVBD
* Real-time Quote
* Stock News
* Stock Chart
* Pre-Market Quote
* After Hours Quote
* Company Financials
Riverbed Technology, Inc.
$ 10.71 .95 9.73% 3,953,692 340%