Bulls In Control As Stocks Close Up For Fifth Consecutive Day


Markets show resilience
coming back to close in green for fifth consecutive day; major indices
fractionally higher.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move

Dell
(
DELL |
Quote |
Chart |
News |
PowerRating)

Q2 Earnings Drop 51%; Reveals SEC Probe (full
story
).  DELL shares fall by nearly 3% in today’s session.

FDA Asks Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating)
To Provide Addl. Data For Arxxant Drug (full
story
).  LLY shares down nearly 2%.

Altria Group
(
MO |
Quote |
Chart |
News |
PowerRating)

is trading at 52-week highs after federal judge found the company guilty of
lying about smoking risks, but did not not impose monetary penalties (full
story
).  MO shares rise by nearly 4%.

Ann Taylor
(
ANN |
Quote |
Chart |
News |
PowerRating)

Q2 Profit Rises Six-fold On Strong Full-price Sales, Margin Expansion; Raises
FY06 EPS View; Authorizes $125 Mln Buy-back (full
story
).  ANN shares fall slightly by 0.5%.

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)

Reveals Preliminary Results Of Its Modified “Dutch Auction” Tender Offer;
Increases Ongoing Share Buyback Plan By About $16.2Bln (full
story
).  MSFT shares trade up by over 4%.

Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)

Loses One More Vioxx Case, Asked To Pay $51 Mln; Previous Victory Overturned;
Stock Plunges (full
story
).  MRK shares close higher by nearly 2%.

Crude oil futures are trading higher by 0.5% to
$70.43.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.

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Dow

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+42.83
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11,377.79

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NASDAQ

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+6.35

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2,163.96

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S&P 500

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+4.58

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1,302.06

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size=2>NYSE

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size=2>NASDAQ

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Volume

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1,976,818,000

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1,665,323,000

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Advances

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1843

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1575

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Declines

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1391

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1396

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Up Volume

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1049

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867

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Down Volume

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700

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614

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New Hi’s

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89

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69

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New Lo’s

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28

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73

Sectors

Strongest Sectors

Oil Index (XOI)

Utilities Index (UTY)

Natural Gas Index (XNG)

Weakest Sectors

Airline Index (XAL)

S&P Retail Index (RLX)

Morgan Stanley Health Provider Index (RXH)

Helvetica>
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News

University Of
Michigan’s Consumer Sentiment Index At 78.7 For Aug.


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Darren Wong

darrenw@tradingmarkets.com


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