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Take a look at some of Thursday's midday movers:
Gold stocks fell, including Goldcorp,Yamana Gold,Barrick Gold and SPDRGold Shares as gold prices retreated from its recent run-up.
But energy stocks rose, despite oil prices turning negative on Fed Chief’s Bernanke’s Capitol Hill testimony. Exxon Mobil,Chevron, Peabody Energy and AnadarkoPetroleum all moved higher.
Material stocks also gained ground on news that China cut its interest rates. US Steel,Cliffs Natural Resources,International Paper and Allegheny Technologies all to the plus side.
Best Buy lost ground after the company’s founder, Richard Schulze, said he was resigning as chairman, and exploring all options for his 20 percent stake in the electronics retailer.
Investors cast a pall on Pall Corp after the diversified manufacturer reported a lower than expected quarterly profit as a supply chain disruption delayed shipments to Europe.
Titan Machinery was hit hard after the farm equipment retailer, while reporting higher first quarter profits, warned that growth in same store sales would slow.
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