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Stocks Rise Despite Fed Concerns

By Darren Wong | TradingMarkets.com
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Airline sector rallies on US Airways $8 billion bid for Delta Airlines. Crude oil futures closed higher up $0.48 to $58.76.

Stocks on the Move

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.

Market Snapshot

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

Strongest/Weakest Sectors

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)

Economic News

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

Use our most popular trading tool to find out how your stocks will move in the next 5 days.


 

 


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