Stocks remained mixed late Tuesday afternoon as investors await President Obama's speech to Congress.
The Dow Jones industrial average led with a 0.4% gain and the S&P 500 rose 0.2%. Meanwhile, the Nasdaq was down 0.1%. Turnover was tracking higher in the stock market today.
Open Table (OPEN), which offers a computerized reservation system for restaurants, jumped 4% in double its average daily volume. The stock is extended 8% past a 50.59 cup-with-handle buy point.
Terex (TEX) jumped 5% to its highest level in nearly two years, putting it 16% past a 30.10 buy point from a three-weeks-tight pattern. Terex cleared a deep cup-with-handle base in December. On Monday, the company announced that it would divest some of its road-building assets and operations.
Trimble Navigation (TRMB) rose 2% and regained its 50-day moving average. The GPS device maker has headed south recently due to a mixed outlook for the current quarter. Trimble's rebound is its first test of the 50-day line since clearing a cup-with-handle base in November.
On the downside, Valspar (VAL) gapped below its 50-day moving average and tumbled 8% after missing views. Before the open, the paint maker delivered fiscal Q1 earnings of 60 cents a share, down 3% from a year ago and 7 cents below views. Sales slipped 1% to $875.2 million, missing views of about $922 million.
President Obama is due to address a joint session of Congress Wednesday evening. Investors are awaiting details on any plan to avert automatic spending cuts slated to take effect March 1.
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