Volatile Session Closes Flat

  • March 30, 2007
  • Darren Wong

U.S. stocks overcame a 100-point drop in the Dow
this morning to close near the flatline.  The selloff was
triggered by U.S. trade sanctions imposed on China.

May Crude futures closed
fractionally lower to $65.97 after having risen for the past six
sessions.  Gold futures
for June delivery ended fractionally higher to close at 0.3% to $666.50 an ounce.

Around Europe, Germany’s DAX jumped
3.2% to 6,917.03, France’s CAC 40 Index gained 2.4% to 5,634.16,
and the UK’s FTSE 100 Index rose by 0.8% to 6,308.00.



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Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

Dell
(
DELL |
Quote |
Chart |
News |
PowerRating) Finds Errors, Misconduct In Accounting
Probe, To Delay Filing Annual Report (full
story).  DELL shares lost 0.8%.

CKE
Restaurants
(
CKR |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 93% On Lower Tax Benefit, Higher
Expenses; Revenue Rises 3.3% (full
story).  CKR shares fell by 0.8%.

Take-Two Shareholders
(
TTWO |
Quote |
Chart |
News |
PowerRating) Shake Up Board, Oust
CEO (full
story).  TTWO shares dropped 4.3%.

Red Hat
(
RHT |
Quote |
Chart |
News |
PowerRating) Q4 Profit Declines On Costs (full
story).  RHT shares lost 0.9%.

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

Market Snapshot

Dow

 +5.60 12,354.35

NASDAQ

 +3.76 2,421.64

S&P 500

 -1.67 1,420.86

 

 NYSE NASDAQ

Volume

 2,826,143,000 1,951,264,000

Advances

 1715 1521

Declines

 1533 1507

Up Volume

 1025 977

Down Volume

 1422 832

New Highs

 147 114

New Lows

 16 62



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Multimedia Index (HUI) CBOE Oil Index (OIX)
Morgan Stanley Healthcare Payors Index (HMO) Amex Oil Index (XOI)
Dow Jones Equity REIT Index (DJR) Deutsche Bank Energy Index (DXE)


Economic
News

Construction Spending +0.3% vs
-0.6% consensus, prior -0.8%

Michigan Sentiment-rev
88.4 vs 88.8 consensus, prior prelim 88.8

Chicago PMI 61.7 vs 49.5 consensus, prior 47.9

Personal Income +0.6% vs +0.3% consensus, prior +1.0%

PCE Core MoM +0.3% vs +0.2% Briefing.com estimate

Personal Spending +0.6% vs +0.3% consensus, prior +0.5%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com