The Midday S&P 500 Is Flat Despite Massive Monster Rally
MINYANVILLE ORIGINAL Today the S&P 500 (INDEXSP:.INX) was up .06% to 1 407.60 as of 2:20 p.m. EST. Leading the movement upward was Monster Beverage (NASDAQ:MNST) which rallied a massive 10.23% to $50.97 per share after reports that the company was seriously undervalued. Also up today was Corning Inc. (NYSE:GLW) which gained 7.72% to $12.17 in response to rising demand for its glass unit LCD sales. On the other side of the spectrum Seagate Technology (NASDAQ:STX) fell 4.77% to $26.04 per share despite news that Cequel data centers will help sell and promote its Evault back-up and recovery services.