Dow Sets New All-Time High

  • April 18, 2007
  • Darren Wong

The Dow notched a new all-time closing high today
closing at 12,803.84 .  The blue-chip index was led by
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) and JP Morgan
(
JPM |
Quote |
Chart |
News |
PowerRating) both with gains
of 3.8%.

May Crude futures ended the
session fractionally higher to $63.17 per barrel. 
June gold futures also made fractional gains closing at $692.90 an ounce.

Around Europe, Germany’s DAX Index
dropped 0.9% to close at 7,282.34, France’s CAC 40 Index lost 0.4%
to 5,835.95, and Britain’s FTSE 100 Index fell 0.7% to 6,449.40.

Our

Daily Market Bias page has had a bearish bias for the past 3
sessions.  This tells us that buying stocks after such a
large upward move in the market may be risky. 

Click here for more information on our Daily Market Bias
indicators.



Stocks in
Motion

AMR
(
AMR |
Quote |
Chart |
News |
PowerRating) Swings To A Profit In Q1, EPS Misses
Consensus By A Penny; Says Continues To Target $300 Mln. In Incremental Savings
For 2007 (full
story).  AMR shares gained 3.4%.

Strong Growth
In Investment Bank Lifts JPMorgan
(
JPM |
Quote |
Chart |
News |
PowerRating) Q1 Profit, Mulls $10 Bln
Share Buy Back Program (full
story).  JPM shares added 3.8%.

Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) Q1 Profit Falls 11% Hurt By Charges,
Adj. Profit Rises Marginally, Revenues Up, Guides Q2, Backs FY07 Revenue Outlook
(full
story).  YHOO shares fell 11.8%.

Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) Slips To Loss In Q1 On Charges, Lower
Sales, Higher Expenses; Sees Q2 EPS, Sales, Below Street View (full
story).  MOT shares added 2.2%.

Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) Q1 Profit Up 19% (full
story).  INTC shares gained 1.7%.

United Tech
(
UTX |
Quote |
Chart |
News |
PowerRating) Q1 Benefits From Strong
Commercial Aerospace Market (full
story).  UTX shares rose 0.9%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +30.80 12,803.84

NASDAQ

 -6.45 2,510.50

S&P 500

 +1.02 1,472.50

 

 NYSE NASDAQ

Volume

 2,889,524,000 2,026,168,000

Advances

 1505 1285

Declines

 1705 1739

Up Volume

 1357 1040

Down Volume

 1284 862

New Highs

 223 129

New Lows

 15 46



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Airline Index (XAL) CBOE Internet Index (INX)
Amex Securities Broker/Dealer Index (XBD) Dow Jones Internet Commerce Index (ECM)
S&P Banking Index (BIX) Amex Disk Drive Index (DDX)


Economic
News

Crude inventories
show a draw of -994K barrels

Darren Wong

Associate Editor

darrenw@tradingmarkets.com