Goldman Sachs Moving Higher, Could Signal Afternoon Rally (GS)

Shares of Goldman Sachs Group GS are 0.60% higher on the day at $139.88. The stock opened higher, was dragged down into negative territory in the first hour of trading, and has been moving up steadily since then. Many traders have been watching Goldman (GS) closely in trying to determine the overall direction of the market. It has been a fairly good indicator. Although the Dow is around 78 points lower, the action in GS may be indicating that the stock market will close Thursday's session strongly.