Trading With Best Buy And FedEx On The Move

Coming down the home stretch... Stocks pared their losses in afternoon trading as traders pushed the Dow back over the 11,000 mark after the index spent most of the morning below that key threshold. Heading into the final hour, the Dow and Nasdaq are each down 0.5% while the S&P 500 is down 0.3%. Both the Dow and S&P 500 approached new one-month lows earlier in today's session, but both have since rallied, suggesting that investors might not be as concerned about European debt problems as initially thought. We could see stocks further pare their losses in the final hour as investors continue to digest the mostly positive reports of the weekend's holiday shopping season kickoff. Best Buy (BBY) and Symantec (SYMC) are down 3%. Hewlett Packard (HPQ) and Macy's (M) are down 2%. American Express (AXP) and Freeport McMoran (FCX) are up 2%. FedEx (FDX) is up 4%. The Put/Call Volume Ratio is at 1.06 while the Put/Call Open Interest Ratio is at 0.89. [InvestorsKeyhole, various news and data sources]