Stocks Rise Ahead of Holiday

  • July 3, 2007
  • Darren Wong

The pre-holiday trading session was boosted by factory order data
and new M&A activity. Kraft Foods offered $7.2 billion to buy a
division of French food company Group Danone. The Nasdaq led the
major indices with a gain of 0.5%.

Crude oil futures for August delivery fell 0.3% to $70.85 per barrel.  Gold
futures for August delivery fell 0.6% to $655.40 an ounce.


Around Europe, Germany’s DAX index rose 1.2% to 8,050.68, France’s
CAC 40 index added 0.7% to 6,069.84, and Britain’s FTSE 100 index
rose 0.75% to 6,639.80.

TradingMarkets subscribers have access to
16 quantitative
stock indicators and another

17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.

Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
7-day TradingMarkets trial.



Stocks in
Motion

DaimlerChrysler Reports 2% Decline In June Sales; Ford Sales Fell
8.1% (full
story). DCX shares rose 0.2%.

Southwest Airlines June Load Factor Rises To 82.1%; Q2 Load Factor Drops 1.9
Pts (full
story). LUV shares added 0.8%.

Kraft Foods Offers To Buy Groupe Danone’s Biscuit And Cereal Products
Business For $7.2 Bln Cash (full story). KFT shares fell 2.4%, while DA shares
lost 0.9%.

SAP Responds To Oracle Lawsuit; Admits Occurrence Of Inappropriate Downloads
At TomorrowNow (full
story). SAP shares dropped 1.5%, while ORCL shares gained 0.7%.

Walgreen June Comps. Rise 5.1%, Total Sales Up 9.5% (full
story). WAG shares were unchanged.

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


Market Snapshot

Dow

 +41.87 13,577.30

NASDAQ

 +12.65 2,644.95

S&P 500

 +5.44 1,524.87

 

 NYSE NASDAQ

Volume

 1,537,990,000 1,079,731,000

Advances

 1971 1626

Declines

 1186 1316

Up Volume

 924 714

Down Volume

 581 347

New Highs

 236 203

New Lows

 45 62


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Nasdaq Other Finance Index (OFINX)
S&P Chemicals Index (CEX)
Networking Index (NWX)
Amex Gold Bugs Index (HUI)
Securities Broker/Dealer Index (XBD)
S&P Retail Index (RLX)


 


Economic
News

Factory Orders -0.5% vs -1.2%
consensus

Pending Home Sales -3.5% vs +0.3% consensus, previous revised to
-3.4% from -3.2%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com