Wedbush Securities Inc.: Michael James

Michael James: The Nasdaq Composite Index gained 0.3 percent, erasing an earlier drop of 1.9 percent after nearing its average price in the past 200 days. Coca-Cola gained 3.7 percent as global volume sales increased. Johnson a Johnson climbed 2.1 percent as the company raised its forecast for the year, according to Bloomberg. Stocks are having meaningful moves in both directions because people are nervous on both sides, Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said in a phone interview. Subjectivity plays such a pivotal role, and emotions, in whats been going on in this market that its hard to pinpoint what causes a turn in the direction and U.S. stocks rose a second day, after equities posted the worst week since 2012, as earnings from Coca-Cola Co. and Johnson a Johnson overwhelmed concerns that tensions in Ukraine are worsening. The Standard a Poors 500 Index climbed 0.7 percent 1,842.98 at 4 p.m. in New York, reversing a loss of 0.8 percent. The Dow Jones Industrial Average gained 89.32 points, or 0.6 percent, to 16,262.05. About 7.7 billion shares changed hands on U.S. exchanges, 10 percent above the three-month average. (news.financializer.com). As reported in the news.