Are You Booked On This Airline?
Blue Chips
are lower after Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) said Q3 would lag estimates.
The company cited plant shutdowns and restructuring costs. Tech stocks are
higher after a judge rejected a DOJ suit to block Oracle’s
(
ORCL |
Quote |
Chart |
News |
PowerRating)
proposed merger with Peoplesoft.Â
Producer prices fell last month; August PPI
fell 0.1%, ex food and energy, down 0.1%Â The
trade deficit narrowed more than expected; imports fell for the first time in 10
months.
US Airways
(
UAIR |
Quote |
Chart |
News |
PowerRating) may file for
bankruptcy as early as Sunday, according to The New York Times. This
would be the 2nd bankruptcy filing in 2 years for the company.
Wall Street is commemorating the 3rd anniversary
of 9/11 today. Before the open, NYSE member Ben Willis sang “God Bless
America” and a 1-minute of silence was observed at 11 AM.
| Dow | -27.72 | 10261.38 |
| S&P 500 | +0.34 | 1118.72 |
| Nasdaq | +11.66 | 1881.31 |
Strong today are:Â
Hardware
(
HWI.X |
Quote |
Chart |
News |
PowerRating) +1.60%, Internet
(
DOT.X |
Quote |
Chart |
News |
PowerRating) 1.65%,
Brokers
(
XBD.X |
Quote |
Chart |
News |
PowerRating) +0.44%.
Weak are: Airlines
(
XAL.X.X |
Quote |
Chart |
News |
PowerRating) -0.25%, Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating)
-0.27%.
10-year Notes are +085 at 112 120
The dollar
is -0.62 at 88.21
Gold is +1.50 at 401.5
Crude Oil is -0.46 at 44.15
Volume is 603 million on
the NYSE and 8i44 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1598 | Up Vol 299 |
| Declining | 1537 | Down Vol 264 |
| Ratio | 1.03 | 1.13 |
| Nasdaq |
||
| Advancing | 1545 | Up Vol 598 |
| Declining | 1336 | Down Vol 233 |
| Ratio | 1.15r | 2.56 |
Stocks in the News
Electronic Data Systems
(
EDS |
Quote |
Chart |
News |
PowerRating) may cut
up to 20,000 jobs; the company wants to trim $3 billion.
Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) said Michael Eisner will
retire in 2 years. Eisner will step down in 2006 and will assist in finding his
replacement.
Brinker International
(
EAT |
Quote |
Chart |
News |
PowerRating) cut
estimates, blaming the recent hurricanes; this is the second time in a month the
company has cut estimates.
Brice Wightman