Stocks Rise, Helped By Lower Crude Oil
Nasdaq leads major indices gaining 0.7%. Crude oil futures
close lower by 1.7% to $58.58.
Friday’s
market action created a bullish Put/call signal on the S&P 500 Index
(explanations below). This signal marks a coming move upwards. It
will be interesting to see if we get more bullish signals this week (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Gannett Co.
(
GCI |
Quote |
Chart |
News |
PowerRating), the nation’s leading
newspaper publisher leads suitors for Tribune Co.
(
TRB |
Quote |
Chart |
News |
PowerRating). GCI
shares rise and TRB shares finish the day higher by over 1%.
Illumina Inc.
(
ILMN |
Quote |
Chart |
News |
PowerRating) agrees to buy
Solexa Inc.
(
SLXA |
Quote |
Chart |
News |
PowerRating) for $600 million in stock. ILMN shares drop
11.5%, SLXA shares rise by nearly 30%.
UBS cuts Sandisk
(
SNDK |
Quote |
Chart |
News |
PowerRating) from Buy to
Neutral citing oversupply in flash memory through 2007. SNDK shares close
lower by 1%.
KB Home
(
KBH |
Quote |
Chart |
News |
PowerRating) Reveals Stock Option Probe
Results, Retirement Of Chairman And CEO; Jeffrey Mezger Takes Over As New CEO (full
story). KBH shares rise by over 2%.
Tyson Foods
(
TSN |
Quote |
Chart |
News |
PowerRating) Slips To Loss In Q4 On
One-time Charges, Lower Sales; Aims To Return To Profitability In Q1, Guides
F707 (full
story). TSN shares rise by over 4%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”33%” height=18>
Dow
align=middle width=”33%” height=18>
+23.45
align=middle width=”34%” height=18>
12,131.88
width=”33%” height=16>
NASDAQ
align=middle width=”33%” height=16>
+16.66
align=middle width=”34%” height=16>
2,406.38
width=”33%” height=17>
S&P 500
align=middle width=”33%” height=17>
+3.52
align=middle width=”34%” height=17>
1,384.42
width=”33%” height=17>
align=middle width=”33%” height=17>
size=2>NYSE
align=middle width=”34%” height=17>
size=2>NASDAQ
width=”33%” height=17>
Volume
align=middle width=”33%” height=17>
2,339,693,000
align=middle width=”34%” height=17>
1,697,444,000
width=”33%” height=16>
Advances
align=middle width=”33%” height=16>
1758
align=middle width=”34%” height=16>
1755
width=”33%” height=17>
Declines
align=middle width=”33%” height=17>
1522
align=middle width=”34%” height=17>
1290
width=”33%” height=15>
Up Volume
align=middle width=”33%” height=15>
1260
align=middle width=”34%” height=15>
1087
width=”33%” height=17>
Down Volume
align=middle width=”33%” height=17>
902
align=middle width=”34%” height=17>
482
width=”33%” height=17>
New Hi’s
align=middle width=”33%” height=17>
251
align=middle width=”34%” height=17>
174
width=”33%” height=17>
New Lo’s
align=middle width=”33%” height=17>
27
align=middle width=”34%” height=17>
52
Strongest
Sectors
Weakest
Sectors
PHLX Semiconductor Index (SOX)
Index (GSM)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
No economic reports released today.
DHelvetica>arren Wong
darrenw@tradingmarkets.com
face=Arial color=#000000 size=2>
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
Put/Call Ratio Alert-Put/Call ratio readings below .50 are short-term
bearish for the market, especially when its below its 200 day ma. Put/Call ratio
readings above .90 are usually bullish, especially when the market is trading
above its 200 day ma.
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