Stocks Slide For Third Straight Session

Markets fall as existing home sales drop to 2-year
lows; major indices lower by nearly 0.5%. Crude oil futures close lower by
nearly 2% to $71.65.

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

IBM
(
IBM |
Quote |
Chart |
News |
PowerRating)
To
Buy Internet Security Systems
(
ISSX |
Quote |
Chart |
News |
PowerRating)

For $1.3 Bln Cash (full
story
). IBM shares close fractionally lower, while ISSX shares finish up
over 6%.

Anadarko Petroleum Completes Acquisition Of
Western Gas
(full
story
).  APC shares close lower today by over 1%.

Gateway Confirms
Bid For Retail Operations From Former Owner Of EMachines (full
story
). GTW shares soar by nearly 14%.

Digene Pulls Back Sharply On CFO Resignation Announcement (full
story
). DIGE shares fall over 9%.


PetroChina Reports Half Yearly
Results; Net Profit Up 29.4%. PTR shares finish the day lower by 1.5%.

National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating)
Cuts Q1 Revenue Forecast (full
story
). NSM shares rally by 3%.

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



Market Snapshot

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Dow

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-43.22

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11,296.62

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NASDAQ

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-15.38

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2,134.64

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S&P 500

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-5.96
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1,292.86

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size=2>NYSE

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size=2>NASDAQ

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Volume

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1,863,214,000

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1,433,457,000

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Advances

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968

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958

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width=”33%” height=17>

Declines

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2287

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2007

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Up Volume

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507

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470

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Down Volume

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1162

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834

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New Hi’s

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94

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49

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New Lo’s

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30

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62



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Airline Index (XAL) OSX Index
(OSX)
GSTI Hardware Index
(GHA)
Deutsche Bank Energy
Index (DXE)
Pharmaceutical Index
(DRG)
Natural Gas Index (XNG)

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

Oil Inventories Slide, Gasoline Stockpiles Rise (full
story
).

Existing Home Sales Show Significant Decline In July (full
story
).

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Darren Wong

darrenw@tradingmarkets.com


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