Here is your Mid-day Market Update for August 21. Stocks trading mixed Tuesday on optimism of the euro zone taking steps to quell the ongoing debt crisis. European stocks rose today on talks of bond rescue plans and further economic stimulus. Mining companies led the gains as well as an increase of Glencore and Xstrata stock over merger news.Oil and Gold trading higher so far today. Oil is up just over $97 a barrel while Gold is soaring up $17 so far to $1,640 an ounce.A big winner so far in today’s session is Urban Outfitters (NYSE:URBN). Its stock is up over 18% due to its positive quarterly results. One of the biggest losers is Raven Industries (NASDAQ:RAVN). Its shares are down over 5% after missing the street’s estimate on earnings.Taking a look at the market so far today, the Dow is down over 3 points to 13,268. The S&P is up two points and the Nasdaq is up over two and a half points so far today.For more market updates and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com
