Intel and Home Depot lead blue chip rally. Crude oil
futures close higher 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
D.R. Horton (DHI | Quote | Chart | News | PowerRating) Q4 Profit Plummets On
Charges, Lower Revenues (full
story). DHI shares jump over 9%.
Target (TGT | Quote | Chart | News | PowerRating) Q3 Profit Rises 16.2% On
Retail, Credit Card Operations (full
story). TGT shares rise 2.25%.
Fossil (FOSL | Quote | Chart | News | PowerRating) Reports Q3 Preliminary
Results, Said Worldwide Net Sales Rose 16.4% In Q3; Sees Net Sales Growth In Low
Double-digit Range For Q4 (full
story). FOSL shares rise nearly 2%.
Agilent (A | Quote | Chart | News | PowerRating) Q4 Profit Surges; Adj. EPS Misses
Estimate; Revenues Up 6%; Guides Q1 (full
story). A shares drop 5.7%.
Ford (F | Quote | Chart | News | PowerRating) Restates Results From 2001 Through
2005; Narrows Q3 FY06 Loss By $550 Mln (full
story). F shares fall nearly 1%.
BJ's Wholesale Club (BJ | Quote | Chart | News | PowerRating) Q3 Profit Declines
On Increased Expenses (full
story). BJ shares rise by 3.7%.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
+85.89 |
12,217.77 |
|
NASDAQ |
+24.28 |
2,430.66 |
|
S&P 500
|
+8.78 |
1,393.20 |
|
|
NYSE |
NASDAQ |
|
Volume |
2,937,746,000 |
1,879,675,000 |
|
Advances |
2379 |
1965 |
|
Declines |
899 |
1094 |
|
Up Volume |
2003 |
1259 |
|
Down Volume |
672 |
504 |
|
New Hi's |
307 |
218 |
|
New Lo's |
25 |
60 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
PHLX Semiconductor Index (SOX) |
PHLX Gold and Silver Sector Index (XAU) |
| Amex Disk Drive Index (DDX) |
Amex Gold Bugs Index (HUI) |
| GSTI Semiconductor
Index (GSM) |
S&P Chemical Index (CEX) |
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.
