Major indices trade lower after slew of data. Crude oil futures
rise in morning trading by 1.7% to $59.55.
Monday's
market action created a 10-day intraday high as on the the Nasdaq
(explanations below), which is a bearish signals. It will be interesting to see if we get more
bearish signals next week and if any trigger on the SPX, which is nearing its
52-week high level (click
here for more info).
Stocks on the
Move
Sales Growth Drives Wal-Mart's (WMT | Quote | Chart | News | PowerRating) Q3
Profit Up 12%; EPS Beats Estimate; Cuts FY07 View (full
story). WMT shares rise by 2%.
Home Depot (HD | Quote | Chart | News | PowerRating) Q3 Profit Drops 3%; EPS Up,
Misses Consensus; Revenues Rise 11%, Comps. Drop; Trims FY06 Growth View (full
story). HD shares trade lower by 0.7%.
Staples (SPLS | Quote | Chart | News | PowerRating) Q3 Profit Rises 29%,
Revenues Up 12%, Guides Q4, Sees FY06 EPS To Exceed Its Earlier Target (full
story). SPLS shares fall by 2.25%.
Express Scripts (ESRX | Quote | Chart | News | PowerRating) Sees 2007 EPS Of
$3.90 To $4.02, Analysts Expect $3.84 (full
story). ESRX shares rise by over 3%.
American
Eagle Outfitters, Inc. (AEOS | Quote | Chart | News | PowerRating) reported third quarter EPS of $0.66,
compared to $0.47 last year (full
story). AEOS shares rise by 1.2%.
China Medical Technologies Inc. (CMED | Quote | Chart | News | PowerRating)
Confirms Q3 Targets (full
story). CMED shares fall by nearly 4%.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
-39.86 |
12,092.02 |
|
NASDAQ |
-6.69 |
2,399.69 |
|
S&P 500
|
-3.98 |
1,380.48 |
|
|
NYSE |
NASDAQ |
|
Volume |
1,287,006,000 |
772,322,000 |
|
Advances |
1579 |
1154 |
|
Declines |
1498 |
1725 |
|
Up Volume |
611 |
294 |
|
Down Volume |
561 |
411 |
|
New Hi's |
186 |
118 |
|
New Lo's |
17 |
48 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
PHLX Oil Services
Sector Index (OSX) |
PHLX Gold and Silver Sector Index (XAU) |
| Amex Disk Drive Index (DDX) |
Amex Gold Bugs Index (HUI) |
| Computer Hardware
Index (HWI) |
Amex Airline Index (XAL) |
Economic
News
Producer prices fell 1.6% in October matching a 5 year low.
Retail sales fell 0.2%.
Business inventories rose 0.4% in September vs. 0.6% expected
increase.
Darren Wong
darrenw@tradingmarkets.com
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
