Mid-Afternoon Market Update: Markets on the Rise as Chico's Continues to Tumble on its Fourth Quarter Report

Toward the end of trading Thursday, the Dow traded up 0.41 percent to 16,263.46 while the NASDAQ surged 0.57 percent to 4,316.65. The S&P also rose, gaining 0.44 percent to 1,853.36. Leading and Lagging Sectors Thursday morning, the basic materials sector proved to be a source of strength for the market. Basic