Bulls Take Control, Sending Dow To 4-Month Highs

Dow and S&P close higher by 1%, while Nasdaq closes up
2%.  Crude oil futures finish lower for 7th straight session down nearly 3% to $63.77.

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

HP Chairman Patricia Dunn To Step Down In
January (full
story
).  HPQ shares hit 52-week highs closing up 1.5% for the day.

Apple Unveils New IPod Nano (full
story
).  AAPL shares close fractionally higher.

Bristol-Myers Fires CEO Dolan On Advice Of
Monitor; James Cornelius Named Interim CEO (full
story
).  BMY shares close higher by 4%.

Goldman Sachs Q3 Profit Slips; Revenue Rises;
Declares Dividend (full
story
).  GS shares rise nearly 5%.

Snack Wrap, Breakfast Menu, Higher European And Japan
Sales Bring 8.6% Rise To McDonald’s August Systemwide Comp. Sales (full
story
).  MCD shares trade higher by nearly 3%.

Best Buy Q2 EPS Rises 27%, Beats Street
Consensus, Reiterates FY07 Outlook (full
story
).  BBY shares rise over 9%.

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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+101.17

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11,498.01

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NASDAQ

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+42.57

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2,215.82

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S&P 500

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+13.55
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1,313.09
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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,785,120,000

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1,973,218,000

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Advances

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2487

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2185

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Declines

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803

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820

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Up Volume

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1947

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1688

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Down Volume

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564

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155

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New Hi’s

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176

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108

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New Lo’s

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46

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55



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Airline Index (XAL) Oil Index (XOI)
Nasdaq Combined Transport Index (TRAN) CBOE Oil Index (OIX)
GSTI Multimedia Networking Index (GIP) Amex Gold Bugs Index (HUI)

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

Trade Deficit Widens To A Record Level In July (full
story
).

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Darren Wong

darrenw@tradingmarkets.com


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