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The Dow surged 135 points to close above the historic 13,000 mark today. Blue chip leaders today included Alcoa (AA | Quote | Chart | News | PowerRating) and IBM (IBM | Quote | Chart | News | PowerRating) with gains of 5% and 3% respectively.
June crude futures rose 1.9% to $65.81 a barrel, after EIA data showed that U.S. gasoline inventories fell to the lowest levels in 18 months. June gold futures were fractionally lower to $687.30 an ounce.
The major European indices finished with nice gains across the board. France's CAC 40 Index and Germany's DAX both added 1%. Britain's FTSE 100 Index rose 0.5%.
Today's
PowerRatings
Heat
Map
continues to show slight weakness in several sectors- Energy,
Electronics, Transportation, and Computer Hardware. The Drug sector
continues to show divergence, which
continues to show a divergence between high PowerRatings stocks
and low PowerRatings stocks. This gives traders an
opportunity to trade this sector to the long side and to the short
side.
Click here for a free trial to our PowerRatings Heat Maps.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com
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