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Dow Moves Closer to 14,000 Level
By Darren Wong | TradingMarkets.com | July 16, 2007
Stocks RSS

Continuing mergers and takeovers pushed the Dow to a new record close of 13,950. The Dow added 0.3%, while the S&P and Nasdaq both fell 0.2% and 0.4% respectively.

Crude oil futures for August delivery rose fractionally to finish at $74.15 a barrel.  Gold futures for August delivery fell 0.2% to $666.30 an ounce. To read today's futures market recap, click here.

Around Europe, Germany's DAX index rose 0.16% to 8,105.69, France's CAC 40 index rose 0.1% to 6,125.60, and Britain's FTSE 100 index remained unchanged at 6,697.70.

TradingMarkets subscribers have access to 16 quantitative stock indicators and another 17 quantitative market bias indicators. These indicators are derived from our proprietary database that includes millions of trades, and designed to give you a short-term trading edge.

Each day, we provide free open access to one of these proprietary stock indicators. If you would like to access all 16 stock indicators, 17 market bias indicators, along with many other tools, click here for a free 7-day TradingMarkets trial.

Stocks in Motion
IHOP (IHP | Quote | Chart | News | PowerRating) To Buy Applebee's (APPB | Quote | Chart | News | PowerRating) For $2.1 Bln (full story). IHP shares gained 8.9%, while APPB shares rose 2%.

Con-way (CNW | Quote | Chart | News | PowerRating) Agrees To Acquire Contract Freighters For $750 Mln (full story). CNW shares added 5.6%.

Eaton (ETN | Quote | Chart | News | PowerRating) Q2 Profit Dips 3% On Charges; Boosts FY07 EPS View (full story). ETN shares rose 3.7%.

Blackstone (BX | Quote | Chart | News | PowerRating) Slams Times Article On Firm's Tax Strategy (full story). BX shares fell 0.4%.

For more stories as they happen, go to our Breaking News section.

 


Market Snapshot

Dow

+43.73 13,950.98

NASDAQ

-9.67 2,697.33

S&P 500

-2.98 1,549.52

 

NYSE NASDAQ

Volume

2,652,681,000 1,738,797,000

Advances

1042 1007

Declines

2175 2001

Up Volume

861 618

Down Volume

1572 900

New Highs

260 235

New Lows

107 88


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Airline Index (XAL) Gold Bugs Index (HUI)
CBOE Technology Index (TXX) Deutsche Bank Energy Index (DXE)
CBOE Dow Ten Index (MUT) CBOE Internet Index (INX)

 

Economic News
NY Empire State Index 26.5 vs 17.0 consensus, prior 25.8

Darren Wong
Associate Editor
darrenw@tradingmarkets.com


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