Banking Stocks Advance Amid M&A Rumors

Banking stocks have helped to lead the markets higher on Wednesday, with prospective merger and acquisition activity sparking buying interest in the sector.

The strength in the banking sector is reflected by the 2.9 percent gain currently being shown by the Kbw Bank Index. With the gain, the index is adding to its recent gains and has risen to its best intraday level in sixteen months.

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Airline Stocks Advancing After Upbeat United Airlines Traffic Report

Airline stocks are moving notably higher during trading on Tuesday, led by United Airlines parent UAL Corp. (UAUA), which is advancing amid news of a pickup in traffic.

The strength in the airline sector is reflected by the 3.7 percent gain currently being shown by the NYSE Arca Airline Index. With the gain, the index is recovering from its recent pullback, looking to close at a fresh two-year high.

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Brokerage Stocks Helping To Fuel Friday’s Rally

While biotechnology stocks are turning in the market’s best performances in late-morning trading on Friday, notable strength is also visible among brokerage stocks. The sector has jumped in today’s session following a recent steady advance.

The strength in the brokerage sector is reflected by 1.7 percent gain currently being shown by the NYSE Arca Securities Broker/Dealer Index.

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Networking Stocks Headed Lower As Ciena’s Results Disappoint

After moving higher for the most of the past month, networking stocks are giving back some ground during trading on Thursday. Disappointing earnings and guidance from Ciena Corp. (CIEN) have contributed to the selling pressure.

The weakness in the sector is reflected by the 1 percent loss currently being shown by the NYSE Arca Networking Index. With the loss, the index is pulling back off of the twenty-one month closing high set in the previous session.

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Oil Service Stocks Advance As Oil Rises Above $80 A Barrel

Oil service stocks are seeing considerable strength during trading on Wednesday, benefiting from a notable increase by the price of oil. The move comes as the day’s inventory data showed a significant increase in refinery demand even though overall oil inventories rose.

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Gold Stocks Advancing As Gold Prices Continue Rebound

After a strong start to the session, gold stocks remain notably higher in late morning trading on Tuesday. The sector is benefiting from a continued recovery in gold prices.

The advance by gold stocks has resulted in a 2.9 percent gain by the NYSE Arca Gold Bugs Index. With the gain, the index is extending a recent upward move, climbing to its best intraday high in well over a month.

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Electronic Storage Stocks Boosting Tech Sector

Electronic storage stocks are recovering from their recent losses in morning trading on Monday, as the Semiconductor Industry Association reported a substantial pick-up in chip sales, boosting buying interest in tech stocks. Notably, SanDisk (SNDK) is leading storage stocks higher following an upgrade.

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Healthcare Sector Sees Buying Interest Following Reform Summit

Healthcare-related stocks are seeing notable gains during late-morning trading on Friday, with the advance coming on the heels of yesterday’s healthcare reform summit in Washington.

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Slide In Computer Hardware Stocks Led By Palm

Computer hardware stocks are moving notably lower during trading on Thursday after smartphone maker Palm Inc. (PALM) cut its quarterly and yearly guidance.

The weakness in the hardware sector is reflected by the 2.6 percent loss currently being shown by the NYSE Arca Computer Hardware Index. The index is moving lower for a fifth straight session and hit a nearly one-month intraday low in earlier dealing.

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Biotechnology Stocks Posting Strong Gains

After showing a strong upward move at the open, biotechnology stocks continue to see notable strength in late morning trading on Wednesday. Sequenom (SQNM), Millipore (MIL) and OSI Pharmaceuticals (OSIP) are helping to lead the sector higher.

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