Here’s What You Need To Know About This Drug — And This Drug Stock
A drop in jobless claims and lowered expectations
from retailers are sending the market up this morning.
Wal-Mart
(
WMT |
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PowerRating) lowered its December same-store sales expectation
to 2%-3%, and the Wall Street Journal reports that this
is the worst shopping season in 30 years.
The Dow is up 83 to 8531, the Nasdaq up 12 to 1384, and the S&P is up 8 to
900. Volume is light with NYSE advancers 2111 and decliners 915. The indices are pulling
back mid-day after being up 1% earlier.
War fears are sending gold and crude oil up again today, with gold now trading
at $350, and February crude at $32.36.
Consumer electronics is strong, with
Best Buy
(
BBY |
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PowerRating) up .91 to 23.40 and
Radio
Shack
(
RSH |
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PowerRating) up .84 to 19.01.
The drug sector has been weak after
the New England Journal of Medicine reported that
Pharmacia‘s
(
PHA |
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PowerRating) Celebrex can cause more bleeding in patients who
have ulcers. PHA is trading at 41.78, down 1.22.
A report in the Wall Street Journal says that some
analysts think Motorola
(
MOT |
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PowerRating) will rival
Nokia
(
NOK |
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PowerRating) as wireless market-share
leader in North America by the end of the year. MOT is trading at 9.00, up .26,
and NOK is trading at 16, up .23.
Philip Morris
(
MO |
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PowerRating) is up after a smoker agreed to accept reduced damages
claim. MO is trading at 42.01, up .53.