Stocks Trade Mixed On Merger Monday
Markets closed the day mixed,
moving on mergers and auto sales.
Crude oil futures closed the day slightly higher.
Toyota,
Honda and
DaimlerChrysler announced higher sales than last year, while
Ford, General
Motors and Nissan all failed to
meet the bar.
Lucent
(
LU |
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PowerRating)
rose 1.6% on news that the company was acquiring France’s
Alcatel
(
ALA |
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PowerRating).
General Motors
(
GM |
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PowerRating)
fell 1.5% on news that the company had sold controlling stake in
GMAC
(
GMAC |
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News |
PowerRating).
Ford
(
F |
Quote |
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News |
PowerRating) fell
2.5% on lower sales.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Genzyme’s
(
GENZ |
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Chart |
News |
PowerRating)
Power Rating
Muscle Disorder Drug Cleared By EU Regulators (full
story).
Ford
(
F |
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News |
PowerRating)
Power Rating
March U.S. Sales Down 4.6% (full
story).
Continental AG To
Buy Motorola Automotive Electronics
(
MOT |
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News |
PowerRating)
Power Rating
Unit For About US$1 Bln Cash (full
story).
Sears Holdings
(
SHLD |
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News |
PowerRating)
Power Rating
Hikes Sears Canada Offer To C$18.0 A Share (full
story).
GM
(
GM |
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Chart |
News |
PowerRating)
Power Rating
To Divest Controlling Stake In GMAC
(
GMAC |
Quote |
Chart |
News |
PowerRating)
Power Rating
For $14 Bln, Deal To Close In Q4 (full
story).
Ameristar Casinos
(
ASCA |
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Chart |
News |
PowerRating)
Power Rating
Proposes To Buy Aztar
(
AZR |
Quote |
Chart |
News |
PowerRating)
Power Rating
For $2.25 Bln (full
story).
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”26%” height=14>
Dow
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+35.62
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11,144.94
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NASDAQ
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-3.05
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2,336.74
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S&P 500
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+2.99
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1,297.81
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align=middle width=”41%” height=16>
size=2>NYSE
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size=2>NASDAQ
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Volume
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2,407,122,000
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1,948,808,000
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Advances
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1578
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1102
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Declines
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1694
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1977
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Up Volume
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1326
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782
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Down Volume
align=middle width=”41%” height=16>
808
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994
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
271
align=middle width=”48%” height=16>
252
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
54
align=middle width=”48%” height=16>
28
Sectors
Strongest
Sectors
Weakest
Sectors
(
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(
IXTCX |
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(
DXE |
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PowerRating)
(
IFX |
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(
CTN |
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PowerRating)
(
IUX |
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PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Growth In The Manufacturing Sector Slows Unexpectedly (full
story).
Construction Spending Growth Exceeds Economist Estimates (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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