Selloff Continues Over Middle East Concerns
Markets end week drastically
lower over international worries and a weak retail report;
Dow down 3%, Nasdaq down 4%, and S&P down 2.5% for the week.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
GE
(
GE |
Quote |
Chart |
News |
PowerRating) Q2
Profit Up 4%; Reaffirms FY06 EPS Guidance (full
story). Shares of GE end near a 52 week low closing down 1.87% for the
day.
FedEx
(
FDX |
Quote |
Chart |
News |
PowerRating)
Gets Subpoena From DoJ (full
story). FDX shares close down over 1.4%.
ConocoPhillips
(
COP |
Quote |
Chart |
News |
PowerRating)
And Anadarko Petroleum
(
APC |
Quote |
Chart |
News |
PowerRating) Announces
Discovery At Satellite Oil Field In Alpine (full
story). COP shares ended up slightly by 0.5%, while APC shares were
down fractionally 0.16%.
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)
Cleared In One More Vioxx Lawsuit (full
story). MRK shares are down over 2%.
Petco
(
PETC |
Quote |
Chart |
News |
PowerRating)
To Be Acquired By Equity Firms For About $1.8 Bln (full
story). PETC shares ended the day up 43%.Â
DR Horton
(
DHI |
Quote |
Chart |
News |
PowerRating)
Trading Near A Multi-year Low On Weaker Than Expected Earning Guidance (full
story). DHI is down over 7% through today’s session.
Crude oil futures continue to hold near all time highs
trading fractionally lower today to $76.83.
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
align=middle width=”41%” height=14>
-105.58
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10,740.71
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NASDAQ
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-16.79
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2,037.33
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S&P 500
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-6.07
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1,236.22
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,429,136,000
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1,744,117,000
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Advances
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1068
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953
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Declines
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2186
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2028
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Up Volume
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612
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578
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Down Volume
align=middle width=”41%” height=19>
1580
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1032
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New Hi’s
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24
align=middle width=”48%” height=16>
33
width=”26%” height=16>
New Lo’s
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219
align=middle width=”48%” height=16>
234
Sectors
Strongest Sectors
Kbw Bank Index (BKX)
Oil Index (OIX)
Natural Gas Index (XNG)
Weakest Sectors
GSTI Hardware Index (GHA)
Disk Drive Index (DDX)
Computer Hardware Index (HWI)
Helvetica>
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Business Inventories Rise More Than Expected In May (full
story).
Retail Sales Fall In June As Gas Prices Crimp Consumer Spending (full
story).
Import Prices Increase Modestly In June (full
story).
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Darren Wong
darrenw@tradingmarkets.com
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