Dow Rises Nearly 200 Points

  • June 13, 2007
  • Darren Wong

The major indices roared higher today after
bond yields eased and economic data came in stronger than
expected. The Dow gained nearly 200 points in Wednesday’s session.

Crude oil futures for July delivery rose 1.2%
to $66.15 per barrel. Gold futures for August delivery closed with
fractional losses to $652.70 an ounce. 

Around Europe, Germany’s DAX Index made fractional gains to close
at 7,680.76, France’s CAC 40 Index added 0.6% to 5,934.27, and
Britain’s FTSE 100 Index rose 0.6% to 6,559.60.



Today’s

PowerRatings Heat Map is looking fairly neutral with no sectors showing
overwhelming strength or weakness. 

Click here to view all 33 Heat Map sectors.   



Click here to see our new list of indicators that includes

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

D. E. Shaw Urges Investment Technology Group
(
ITG |
Quote |
Chart |
News |
PowerRating) To Consider Sale,
Share Buyback; Reveals Stake Increase (full
story). ITG shares rose by 3.6%. 

Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) Closes ABC-Citadel Deal (full
story). DIS shares lost 1.1%, while CDL shares dropped 26%.

ICE
(
ICE |
Quote |
Chart |
News |
PowerRating) Submits Improved CBOT Offer (full
story). ICE shares lost 0.7%, while BOT shares gained 0.24%.

PPL
(
PPL |
Quote |
Chart |
News |
PowerRating) Preserves Option To Build 3rd Nuclear Unit In
Pennsylvania Through JV (full
story). PPL shares rose by 1.9%.

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


Market Snapshot

Dow

 +187.34 13,482.35

NASDAQ

 +32.54 2,582.31

S&P 500

 +22.67 1,515.67

 

 NYSE NASDAQ

Volume

 2,987,808,000 2,059,986,000

Advances

 2650 2072

Declines

 623 924

Up Volume

 2360 1514

Down Volume

 354 421

New Highs

 102 105

New Lows

 110 71


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Dow Jones Equity REIT Index (DJR) Amex Airline Index (XAL)
Deutsche Bank Energy Index (DXE) Computer Hardware Index (HWI)
Amex Oil Index (XOI) Amex Disk Drive Index (DDX)


 


Economic
News

Retail Sales +1.4% vs +0.6%
consensus

Retail Sales ex-auto +1.3% vs +0.7% consensus

Import Prices ex-oil 2.8%, prior +0.2%

Business Inventories +0.4% vs +0.3% consensus, prior -0.1%

The EIA’s Weekly Crude Inventory Report showed a build of 82K barrels of
oil.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com