TradingMarkets Mid-Day Movers
Stocks trade fractionally lower in front of Bernanke
testimony this afternoon; core inflation numbers for July rose at slower rate
than expected. Crude oil futures are trading lower by 0.5% this morning at $69.60.
Wednesday’s
action on the S&P and Nasdaq indices included Advancers beating Decliners for 3
straight sessions. Historically, this has been a signal that the market
will be quiet or drop. It will be interesting to see if we get more
bearish signals today/this week since the S&P continues to trade near the top of the recent
trading range (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
JDS Uniphase Q4 Loss Narrows On Higher Revenue,
Sees Weaker-than-expected Q1 Revenue, Shares Fall (full
story). JDSU shares get slashed by over 14%.
American Eagle Outfitters August Sales, Comp Up
On Back-to-school Assortment; Raises Q3 Earnings Outlook (full
story). AEOS shares rally by 3%.
Goldcorp, Glamis Gold To Merge In
US$21.3 Bln Stock Deal (full
story). GG shares trade down nearly 9%, while GLG shares jump nearly
20%.
TiVo Q2 Loss Widens On Litigation And Other
Costs (full
story). TIVO shares rise by 3.5%.
Ciena Q3 Net Loss Narrows On Higher Revenues;
Board Approves One-for-seven Reverse Stock Split; Names Bruce Claflin To Board (full
story). CIEN shares trade lower by nearly 7% through the morning.
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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-6.89
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11,376.02
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NASDAQ
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-3.31
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2,182.42
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S&P 500
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-1.14
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1,303.13
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size=2>NYSE
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size=2>NASDAQ
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Volume
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763,561,000
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755,201,000
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Advances
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1772
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1446
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Declines
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1257
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1347
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Up Volume
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332
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263
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Down Volume
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330
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432
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New Hi’s
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146
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87
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New Lo’s
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15
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22
Strongest
Sectors
Weakest
Sectors
Healthcare Index (HMO)
Sector Index (XAU)
Networking Index (GIP)
Sector Index (OSX)
Index (SOX)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Natural Gas
Inventories Up 48 BCF
Factory Orders Fall Less Than Expected In July (full
story).
Personal Income And Spending Rise In Line With Estimates (full
story).
Jobless Claims Fall Compared To Upwardly Revised Reading (full
story).
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Darren Wong
darrenw@tradingmarkets.com
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Use our
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popular trading tool to find out how your stocks will move in the next 5
days.
Adv.
Issues > Dec. Issues 3 Days In A Row- Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.
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