Early Rally Sputters Out As Profit Taking Kicks In
Major indices hold on to close in the green. Crude oil futures
close higher up over 3% to $62.90.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Merck, FoxHollow Expand Research
Collaboration For Atherosclerotic Plaque Analysis ; Merck To Acquire 11% Stake
In FoxHollow (full
story). MRK shares rise nearly 1.5%, while FOXH shares rocket up over
20%.
Carl Icahn Plans To Raise Stake In Federated Dept.
Stores (full
story). FD shares close higher by nearly 2%.
McDonald’s Hikes Dividend By 50%; Backs
Commitment To Reduce Shares Outstanding (full
story). MCD shares rise 1.8%.
Sears Holding To Appeal Ruling Against
Acquisition Offer; Extends Offer Period (full
story). SHLD shares are trading fractionally lower.
Newmont Mining Sees Temporary Drop In Equity
Gold Sales For 2006; Buys 40% Interest In Fort A La Corne Diamond Project (full
story). NEM shares fall nearly 2%.Â
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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+20.65
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11,690.04
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NASDAQ
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+2.05
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2,263.39
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S&P 500
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+0.26
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1,336.60
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,697,466,000
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2,006,371,000
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Advances
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2016
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1677
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Declines
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1267
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1317
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Up Volume
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1345
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865
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Down Volume
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1027
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1006
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New Hi’s
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190
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118
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New Lo’s
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25
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46
Strongest
Sectors
Weakest
Sectors
Amex Gold Bugs Index (HUI)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Oil Inventories Edge Down, Gasoline Stockpiles Rise Sharply (full
story).
Durable Goods Orders Fall While New Home Sales Rise (full
story).
Durable Goods Orders Down 0.5% For
August
Durable Goods
Orders Ex.-Trans Falls 2%
Mortgage Application Volume Falls In Most Recent
Week (full
story).
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Darren Wong
darrenw@tradingmarkets.com
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most
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