Another Volatile Losing Session on Wall Street

  • June 26, 2007
  • Darren Wong

Today’s early rally fizzled out in afternoon trading after
economic reports showed U.S. home prices fell for the 17th month
in a row and that consumer confidence numbers also plunged to a
10-month low.  Traders are also wary ahead of Thursday’s Fed
meeting.

Crude oil futures for July delivery fell
2% to $67.77 per barrel on forecasts that the weekly Energy Dept.
report will continue to show rising inventories.  Gold
futures for August delivery fell 1.4% to
$645.30 an ounce.


Around Europe, Germany’s DAX index lost 0.9% to 7,860.52, France’s
CAC 40 index lost 0.8% to 5,953.36, and Britain’s FTSE 100 fell
0.4% to 6,559.30.

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

Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating) Slides To Loss In Q2 On Charge, 37% Fall
In Revenues; Sees Loss In Q3 (full
story). LEN shares fell 3%.

Roche Offers To Buy Ventana Medical
(
VMSI |
Quote |
Chart |
News |
PowerRating) For $3 Bln (full
story). VMSI shares soared by 48%.

Advanced Medical Optics
(
EYE |
Quote |
Chart |
News |
PowerRating) Slashes FY07, FY08 Outlook On
Product Recall (full
story). EYE shares closed flat.

Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) To Buy HCT Shaping Systems For US$475
Mln. Cash (full
story). AMAT shares lost 0.7%.

Iberdrola To Acquire Energy East
(
EAS |
Quote |
Chart |
News |
PowerRating)
For $4.5 Bln; Energy East Stock Up In After-hours (full
story). EAS shares jumped 16.5%.

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


Market Snapshot

Dow

 -14.39 13,337.66

NASDAQ

 -2.92 2,574.16

S&P 500

 -4.85 1,492.89

 

 NYSE NASDAQ

Volume

 3,196,848,000 2,007,588,000

Advances

 1214 1369

Declines

 2020 1676

Up Volume

 990 745

Down Volume

 1987 1105

New Highs

 54 88

New Lows

 127 95


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Healthcare Index (HCX) Amex Natural Gas Index (XNG)
Disk Drive Index () Airline Index (XAL)
Morgan Stanley Healthcare Payors Index (HMO) Deutsche Bank Energy Index (DXE)


 


Economic
News

New Home Sales 915K vs 925K
consensus, prior revised to 930K from 981K ; m/m change is -1.6%

Consumer
Confidence 103.9 vs 106.0 consensus, prior 108.0

Darren Wong

Associate Editor

darrenw@tradingmarkets.com