TradingMarkets Mid-Day Movers

With many traders away from their desks
ahead of the long weekend, the U.S. stock markets are turning in a lackluster
performance in morning trading on Friday. The major averages have had difficulty
sustaining any significant moves.

Apple Computer
(
AAPL |
Quote |
Chart |
News |
PowerRating) is leading the S&P today after reporting that an
internal probe found no evidence of company executives mishandling options
grants.  AAPL is currently trading up over 5% this morning.

After trending higher in recent sessions,
the price of gold is giving back some ground in morning

trading on Friday. Nonetheless, selling pressure has remained subdued, with
gold for February delivery currently down only $0.30 at $636.60 an ounce.

After seeing some strength in the previous
sessions, the price of oil has moved back to the downside in morning

trading on Friday. Crude for February delivery is currently down $0.28 at
$60.25 a barrel after ending Thursday’s trading up $0.19 a barrel.
 Earlier in the session, the price of
oil fell to a one-month intraday low below $60 a barrel.

From a quick glance at our new
PowerRatings Heat Maps*,
we are continuing to see overall weakness in the market with the Drug,
Telecommunications, and Metals/Mining sectors showing the most weakness. 
No particular sector is looking very strong at this point.

Stocks on the Move

Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) Files Form 10-Q For Q3, Form 10-K For FY06; To
Record $84 Mln Stock Option Charge (full
story).  AAPL shares rise over 5% in early trading.

AT&T
(
T |
Quote |
Chart |
News |
PowerRating) Offers New Concessions To Get Regulatory Approval For
BellSouth Acquisition (full
story).  T shares rise by over 1%.

Delta Air Lines
(
DALRQ |
Quote |
Chart |
News |
PowerRating) Reports Narrower Loss For November (full
story).  DALRQ shares fall by 1.5%.

PowerDsine
(
PDSN |
Quote |
Chart |
News |
PowerRating) Reveals Shareholder Approval For Acquisition Of
Company By Microsemi
(
MSCC |
Quote |
Chart |
News |
PowerRating) (full
story).  PDSN shares are trading flat, while MSCC shares rise by 0.7%.

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

Market Snapshot

Strongest/Weakest Sectors

Economic News

No economic reports released.

Darren Wong
darrenw@tradingmarkets.com

P.S.

Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.