JC Penney & Urban Outfitters Rally; AT&T and Verizon Weigh on Dow - Video - TheStreet

JC Penney & Urban Outfitters Rally; AT&T and Verizon Weigh on Dow

U.S. stocks were mostly higher on confidence in the global economy in Monday's midday trading.
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U.S. stocks were mostly higher on confidence in the global economy in Monday's midday trading. Investors are cheering supportive actions from central banks in China and Europe. The consumer services sector is currently the best performing in the session. Even recent laggards like JC Penney (JCP) and Urban Outfitters (URBN) are up more than 5%. The U.S. services sector grew slower than expected in November. Markit's Purchasing Managers Index came in below expectations and at its lowest reading since April. Telecoms are having a rough trading day. AT&T (T) and Verizon (VZ) are the Dow component's biggest decliners. Apple (AAPL) got its price target raised at Susquehanna to $135. The tech giant is up about 1%.