Stocks Rally as Crude Drops

  • December 26, 2006
  • Darren Wong

Crude futures close lower by 2.1% to $61.10.

Stocks on the Move

Anadarko
(
APC |
Quote |
Chart |
News |
PowerRating) To Sell 2 Louisiana Fields To EXCO
(
XCO |
Quote |
Chart |
News |
PowerRating)
For $1.6 Bln (full
story).  APC shares rise by 1.3%, while XCO shares jump 6.3%.

Cardinal Health
(
CAH |
Quote |
Chart |
News |
PowerRating) Enters $11Mln Settlement To Resolve NY
Attorney General Probe (full
story).  CAH shares rise by 0.6%.

Level 3 Communications
(
LVLT |
Quote |
Chart |
News |
PowerRating) To Acquire Savvis‘
(
SVVS |
Quote |
Chart |
News |
PowerRating)
Content Delivery Network Business For $135 Mln Cash (full
story).  LVLT shares trade lower by 1.2%, while SVVS shares rise by 3%.

Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) Reaches Tentative Agreement With United Auto Workers
Local 1050 To End Seven-week Strike At Its Cleveland Works Plant (full
story).  AA shares rise by 0.44%.

Telik
(
TELK |
Quote |
Chart |
News |
PowerRating) Shares Plunge As Cancer Drug Telcyta Fails In
Studies (full
story).  TELK shares drop 70% in today’s session.

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

Market Snapshot

Dow


+64.61
12,407.63

NASDAQ
+12.33
2,413.51

S&P 500


+6.14
1,416.90

NYSE


NASDAQ

Volume
1,262,197,000
1,006,289,000

Advances
2264
1877

Declines
1017
1145

Up Volume
831
592

Down Volume
318
346

New Highs
163
106


New Lows
16
48


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Amex Airline Index (RXH)
Amex Natural Gas Index (XNG)

S&P Chemicals
Index (CEX)
Deutsche Bank Energy
Index (DXE)

Amex Disk Drive Index (DDX)
S&P Retail Index (RLX)


Economic News

No economic reports released today.

Darren Wong
darrenw@tradingmarkets.com



P.S.

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