Apple Helps the NASDAQ Finish Higher
After turning higher over the course of
the previous session, the U.S. stock markets have shown a lack of direction
during trading on Tuesday. The major averages have moved back and forth across
the unchanged line, unable to sustain any significant moves.
One of the major movers today was Apple Computer
(
AAPL |
Quote |
Chart |
News |
PowerRating) up 8.33% after
unveiling its new iPhone. Rival Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) lost 7.5%
on the Apple news.
The price of oil saw some weakness during
trading on Tuesday, although it ended the session well off its lowest level of
the day. After hitting a low of $53.88 a barrel in early trading, crude for
February delivery closed down $0.45 at $55.64 a barrel.
The early weakness came as traders
continued to express concerns about the impact that warmer than normal
temperatures will have on heating oil demand. The price decrease also reflected
expectations of an increase in U.S. crude oil stockpiles.
The price of gold turned higher over the
course of the trading session on Tuesday, with gold for February delivery
closing up $5.60 at $615 an ounce after falling as low as $607 an ounce earlier
in the trading day.
Stocks on the Move
Sprint Nextel
(
S |
Quote |
Chart |
News |
PowerRating) Sees 2006 Operating Revenues Of About $41.0Bln; To
Reduce Headcount By About 5,000, Expects To Incur $700Mln In Costs (full
story). S shares drop over 11%.
United Airlines
(
UAUA |
Quote |
Chart |
News |
PowerRating) Granted New Nonstop U.S. – China Route (full
story). UAUA shares finish flat for the session.
Genworth
(
GNW |
Quote |
Chart |
News |
PowerRating) Financial Makes Organizational Changes, Affirms
2007 Operating EPS Outlook (full
story). GNW shares rise by 0.2%.
D.R. Horton
(
DHI |
Quote |
Chart |
News |
PowerRating) Q1 Net Sales Orders Drop, Cancellation Rate Also
Declines (full
story). DHI shares rise by 0.2%.
Sirius
(
SIRI |
Quote |
Chart |
News |
PowerRating) Rewards Howard Stern With Stock Worth $82.9 Mln As
2006 Subscriber Count Exceeds Target (full
story). SIRI shares fall by 1.3%.
For more stories as they happen, go to our
Breaking News section.
Market Snapshot
|
Dow | -6.89 | 12,416.60 |
| NASDAQ | +5.63 | 2,443.83 |
|
S&P 500 | -0.73 | 1,412.11 |
|
NYSE |
| |
|
Volume | 2,944,820,000 | 2,144,548,000 |
|
Advances | 1844 | 1488 |
|
Declines | 1418 | 1564 |
|
Up Volume | 1277 | 1171 |
|
Down Volume | 1614 | 925 |
|
New Highs | 156 | 89 |
|
| 32 | 62 |
Strongest/Weakest Sectors
| Strongest Sectors | Weakest Sectors |
|
Dow Jones Equity REIT Index (DJR) | CBOE Oil Index (OIX) |
S&P Retail Index (RLX) | Amex Oil Index (XOI) |
CBOE Technology Index (TXX) | North American Telecommunications Index (XTC) |
Economic News
No economic data released today.
Darren Wong
darrenw@tradingmarkets.com
P.S.
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