In the news:
- Verizon vows to avoid mass discounts as profit misses expectations11:04 AM ET | Reuters
- Lorillard, Inc. Reports First Quarter Results11:00 AM ET | PR
- Big riders mean big horses on Western trails10:59 AM ET | AP
- Technology group to decide Cover Oregon's future10:58 AM ET | AP
- Singer Marc Anthony to produce album in English10:58 AM ET | AP
- Nasdaq OMX reports soaring profits in 1Q10:58 AM ET | AP
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STOCKS IN PLAYData provided by: Briefing.com
- 10:40 ET Varian Medical enters exclusive agreement to equip UnityPoint Health with radiotherapy and radiosurgery technology for cancer treatments
- 10:33 ET Stock indices extend push off morning pullback lows -- Nasdaq Comp +10, S&P +1.6, Dow -5
- 10:31 ET May natural gas initially slips on inventory data but quickly recovers; now up 0.7% at $4.76
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[BRIEFING.COM] The major averages hover near their respective flat lines after slumping from their opening highs.
The technology sector (+0.8%) continues trading well ahead of the remaining groups, but the earnings-driven strength of the sector has not translated into buying interest in other areas of the market. Outside of technology, only consumer staples (+0.2%), and utilities (+0.6%) trade in the green.
On the downside, the health care sector (-0.5%) lags amid renewed ... More
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