TSC 21: Index Inches Higher

Level 3 runs up ahead of earnings.
Author:
Publish date:

TheStreet.com 21 Index rose for a second straight day Wednesday as winners roughly matched losers in a relatively directionless market.

The index, intended as a way to gauge economic recovery, now stands at 1008.60, up 0.3% from Tuesday's close at 1005.50, with 10 winners and 11 losers. The major indices followed suit after a rocky morning, with the

Dow Jones Industrial Average

climbing 0.39% to 9,194.24 and the

Nasdaq

adding 0.76% to 1,719.18.

Level 3

(LVLT)

, our barometer for the depressed, heavily leveraged telecom sector, won the day with a 3.49% gain, or 18 cents, to close at $5.34. The company reports earnings Thursday.

Yahoo!

(YHOO)

kept climbing for a third consecutive session, adding 2.78%, or 87 cents, to $32.12.

Comerica

(CMA) - Get Report

gained 1.41%, or 65 cents, to $46.70;

Expeditors

(EXPD) - Get Report

rose 1.34%, or 48 cents, to $36.35; and

Cisco Systems

(CSCO) - Get Report

saw its fourth winning day in a row, up 1.12%, or 21 cents, to $18.88.

On the losing end,

E*Trade

(ET) - Get Report

sank 2.32%, or 22 cents, to $9.28 despite its positive earnings announcement last week.

Belo

(BLC)

was down 2.08%, or 47 cents, to $22.17 as investors awaited its earnings announcement on Friday with little optimism about the advertising market.

Ingersoll-Rand

(IR) - Get Report

lost 1.98%, or $1.09, to run aground at $53.98.

The index as a whole inched further ahead from its starting point of 1000.

Want to know more about TSC 21? Click here for an introduction, here to view the latest stories and here to view the entire chart of TheStreet.com 21 components, including the reasons for their inclusion.

What do you think about the TheStreet.com 21 index? Email us at twocents@thestreet.com.

As originally published, this story contained an error. Please see

Corrections and Clarifications.