After Four Straight Weeks Up…
Today’s losses helped
the S&P 500 turn lower for the week, following four straight weekly
gains. The S&P 500 has dropped 0.5% this week. The Dow
has risen 0.3% and the Nasdaq 0.1%.
Just past the mid-point on the last trading day
of the week, the three major indices are chopping near their lows of the day. US stocks dropped for a second day after McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) said
earnings will miss forecasts and Walt Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) reported lower
profit at its media unit.
Tenet Healthcare
(
THC |
Quote |
Chart |
News |
PowerRating) lost almost half its value after two top
executives left the No. 2 US hospital chain amid a government probe.
The Standard & Poor’s 500 Index
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) slipped 6.43, or 0.7%, to 896.22 as of 12:08 p.m.
ET. Consumer and health-care
shares contributed about one-quarter of the decline.
The Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) lost 42.31, or 0.5%, to 8543.93. The Nasdaq Composite Index
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) dropped
15.33, or 1.1 percent, to 1361.38.
Strong Sectors: air freight, casino, gold,
drug.
Weak Sectors: health care facilities, managed care, utilities, grocery,
entertainment, retail.
Immucor
(
BLUD |
Quote |
Chart |
News |
PowerRating) is breaking out to hit
a 52-week high with increasing volume. BLUD has a TradingMarkets.com RS3 rating
of 88.
Neoware Systems
(
NWRE |
Quote |
Chart |
News |
PowerRating) is
breaking out to a 2-month high with increasing volume. NWRE has a
TradingMarkets.com RS3 rating of 82.
Nasdaq Market Breadth
Adv: 1207 UpVol: 2241033
Dec: 1790 DnVol: 6158832
Net: -583 Net: -3917799
NYSE Market Breadth
Adv: 1200 UpVol: 21829093
Dec: 1900 DnVol: 62277060
Net: -700 Net: -40447967