Energy stocks and Materials stocks are paring their gains after pushing higher in the opening minutes of trade; the two sectors now trade with gains of 0.4% and 0.3%, respectively. Their reversal coincides with accelerated selling in oil, which now sits at $91.85 per barrel with a 0.8% loss.
Broad market action is quite choppy this morning. The struggle to find direction comes amid a lack of trading cues, given the complete absence of economic data and the dearth of corporate earnings reports from key industry players.
Although there are limited catalysts for trade today, the expiration of monthly options has sent share volume sharply higher this morning. The action among options has the potential to induce volatility, too.
YIPI - Trade Alert
Facebook Doesn’t Have a Search Engine! Could They Buy YIPI?
Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. Yippy, Inc. (OTCQX: YIPI ) reported Tuesday that the board has appointed two additional board members Mr. Morton Fink and Ms. Debbie Sharken. Mr. Fink’s distinguished career has included executive management positions in the media, broadcast, cable and electronics industries. His experience provides a unique combination of management, leadership, and entrepreneurial skills. Mr. Fink was the founding CEO of Warner Home Video; his efforts drove Warner’s dominant worldwide market share. For almost 20 years, Ms. Sharken has been an expert in consumer direct marketing, relationship marketing, and advertising. She has honed her skills at top-notch agencies like McCann Relationship Marketing, Grey Direct, and Saatchi & Saatchi Wellness. Ms. Sharken has built her career on her abilities to create strategic, customized marketing campaigns that develop lasting relationships between brands and their customers. She has extensive experience across all marketing channels and disciplines, including a deep expertise in building digital businesses. Ms. Sharken is currently the Chief Marketing Officer at the Direct Marketing Association and is helping to lead the organization and its members meet the challenges of today’s marketplace. She holds a BS in Advertising from Syracuse University.
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