Dow’s Wild Ride Ends with Triple Digit Gains

  • August 8, 2007
  • Darren Wong

Stocks once again finished higher after a volatile session. Cisco
earnings boosted the tech-heavy Nasdaq to a 2% gain, which led the
major indices. Cisco finished with a 6.6% gain in today’s trading.

Crude oil futures for September delivery fell
0.3% to $72.23 a barrel after the Energy Department
reported a draw of -4136K barrels. Gold futures for December
delivery rose 0.% to $686.30 an ounce on Euro strength
today. Gold has been pegged to the Euro in recent months.


Around Europe, Germany’s DAX gained 1.2% to close at 7.605.94,
France’s CAC 40 rose 2.3% to 5,749.29, and Britain’s FTSE 100
added 1.4% to 6,393.90.

Join TradingMarkets Director of Education, Steve Primo, as he teaches a
number of quantitative strategies that can potentially give you an edge in your
trading.



Sign up now for one of our free training classes and start learning how to
become a better trader.



Stocks in Motion

Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Top Estimate; Boosts Long-term
Revenue Growth Forecast; CFO Powell To Retire (full
story). CSCO shares jumped 6.6%.

Blackstone
(
BX |
Quote |
Chart |
News |
PowerRating) Closes $21.7 Billion Private Equity Fund (full
story). BX shares added 1.5%.

Sprint Nextel
(
S |
Quote |
Chart |
News |
PowerRating) Q2 Profit Plunges On Higher Costs; Revenue Up 2%;
Backs FY07 Revenue Forecast (full
story). S shares lost 2.2%.

Hospira
(
HSP |
Quote |
Chart |
News |
PowerRating) Q2 Profit Drops 43% On Acquisition Costs, Backs FY07
Adj. EPS Target, Cuts Higher End Of FY07 Revenue Estimate (full
story). HSP shares fell fractionally.

Fluor
(
FLR |
Quote |
Chart |
News |
PowerRating) Q2 Profit Jumps 43%; Boosts FY07 EPS Outlook Above
Consensus (full
story). FLR shares added 2.4%.


Market Snapshot

Dow

 +153.56 13,657.86

NASDAQ

 +51.38 2,612.98

S&P 500

 +20.78 1,497.49

NYSE NASDAQ

Volume

 3,516,826,000

Advances

 2322 2119

Declines

 848 820

Up Volume

 1376 933

Down Volume

 303 275

New Highs

 118 175

New Lows

 361 308




Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Gold Healthcare
Telecom Healthcare
Information Services
Investment
Brokerage- National		 Medical
Laboratories and Research



Economic
News

Crude inventories showed a draw of
-4136K barrels

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.



Sign-up now for a no obligation, 7-day Free Trial to receive
unrestricted access.