Airline sector rallies on US Airways $8 billion bid for Delta Airlines. Crude oil futures closed higher up $0.48 to $58.76.
US Airways (LCC | Quote | Chart | News | PowerRating) Offers To Buy Delta Air Lines (DALRQ | Quote | Chart | News | PowerRating) For $8 Bln Cash And Stock; Deal To Be Accretive To Earnings In First Full Year (full story). LCC shares and DALRQ shares jump 16% and 3%, respectively.
Goldman Sachs upgrades Altria (MO | Quote | Chart | News | PowerRating) from neutral to buy. MO shares rise by 1.4%.
Charming Shoppes (CHRS | Quote | Chart | News | PowerRating) Q3 EPS Surges, Tops Consensus; Reiterates Q4 Guidance, Lifts FY07 Outlook (full story). CHRS shares fall by over 3%.
Logitech International (LOGI | Quote | Chart | News | PowerRating) Has Climbed To A New High For The Year (full story). LOGI shares rise by 1%.
Illinois Tool Works (ITW | Quote | Chart | News | PowerRating) 3 Months Operating Revenue Up 10%; Backs Q4, FY06 Outlook (full story). ITW shares finish higher by 0.5%.
Trimeris (TRMS | Quote | Chart | News | PowerRating) To Focus On Roche Collaboration On AIDS Drug Fuzeon; To Slash Workforce; CEO Steven Skolsky To Resign (full story). TRMS shares jump over 21%.
Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) Q3 Profit Rises As Revenue Increases (full story). ANF shares drop 6% in today's session.
For more stories as they happen, go to our Breaking News section.
|
Dow |
+33.70 |
12,251.71 |
|
NASDAQ |
+12.09 |
2,442.75 |
|
S&P 500 |
+3.35 | 1,396.57 |
|
NYSE |
NASDAQ | |
|
Volume |
2,824,681,000 |
2,085,213,000 |
|
Advances |
1974 |
1855 |
|
Declines |
1272 |
1205 |
|
Up Volume |
1775 |
1308 |
|
Down Volume |
862 |
680 |
|
New Hi's |
360 |
316 |
|
New Lo's |
15 |
49 |
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Strongest Sectors |
Weakest Sectors |
|
PHLX Oil Services Sector Index (OSX) |
PHLX Utilies Sector Index (UTY) |
| Amex Airline Index (DDX) | S&P Banking Index (BIX) |
| Amex Natural Gas Index (XNG) | PHLX/KBW Bank Sector Index (BKX) |
Federal Reserve Members Concerned About The Outlook For Inflation (full story).
Crude inventories drop for 6th straight week down 3.6 million barrels
NY Empire State Index moves to a 5 month high at 26.7
Darren Wong
darrenw@tradingmarkets.com
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