The Midday S&P 500 Is Up After a Wave of Upgrades
By Anthony Shields Dec 11, 2012 3:00 pm
However, discount retailers Family Dollar Stores and Dollar General are down.
MINYANVILLE ORIGINAL The S&P 500 (INDEXSP:INX) is up .90% to 1431.34 points as of 2:25 p.m. EST today. Leading the rise is TripAdvisor (NASDAQ:TRIP), which gained 8.70% to $41.73 per share after being upgraded by several firms. Also up is Urban Outfitters (NASDAQ:URBN), which rose 5.43% to $39.41 per share after the retailer stated that fourth-quarter comparable sales are up in the high-single-digit percentage so far. On the other hand, Family Dollar Stores (NYSE:FDO) is down 8.52% to $64.57 per share. An article from Barron's speculates that the company is falling alongside its rival, Dollar General (NYSE:DG), which is down 7.30% to $43.15 per share because of poor third-quarter results.
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