Choppy Trading To Close The Week


Markets close
fractionally lower as traders await the holiday weekend.

Research in Motion Ltd.
(
RIMM |
Quote |
Chart |
News |
PowerRating)
announced a forecast that was in line and that sales have risen 35%
over the quarter.  Shares of RIMM closed up 6%.

General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)

shares trade up over 9% on Kirk Kerkorian’s push for GM to form an alliance with
Renault-Nissan.

Michaels Stores
(
MIK |
Quote |
Chart |
News |
PowerRating)

is trading up over 8% after company announces that it is considering bids of up to
$44.00 per share.

Crude oil futures closed the day up fractionally 0.4%, at $73.97.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move

Apple Computer Inc.
(
AAPL |
Quote |
Chart |
News |
PowerRating)
Is Pulling Back Due To Stock Option Irregularities (full
story
).

General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)

Says It Has Received No Offer Or Proposal From Renault/Nissan (full
story
).

Cephalon
(
CEPH |
Quote |
Chart |
News |
PowerRating)

Receives Approval Letter For Cancer Pain Drug, Fentora, Plans To Submit
Additional Information By July End (full
story
).

Celgene
(
CELG |
Quote |
Chart |
News |
PowerRating)

receives FDA approval for Revlimid (full
story
).

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.

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Dow

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-40.58

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11,150.22

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NASDAQ

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-2.29

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2,172.09

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width=”26%” height=16>

S&P 500

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-2.66

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1,270.21

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width=”26%” height=16>

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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,976,899,000

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2,447,704,000

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Advances

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2213

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1703

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width=”26%” height=16>

Declines

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1088

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1328

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width=”26%” height=16>

Up Volume

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1255

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703

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width=”26%” height=19>

Down Volume

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817

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align=middle width=”48%” height=19>

821

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width=”26%” height=16>

New Hi’s

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116

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122

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New Lo’s

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76

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45

Sectors

Strongest Sectors

Nasdaq Combined Transport
(
TRANX |
Quote |
Chart |
News |
PowerRating)

Deutsche Bank Energy [DXE]

Nasdaq Combined Financial
(
OFINX |
Quote |
Chart |
News |
PowerRating)

Weakest Sectors

Combined Telecom  
(
IXTCX |
Quote |
Chart |
News |
PowerRating)

Morgan Stanley High Tech
(
MSH |
Quote |
Chart |
News |
PowerRating)

S&P Banks
(
BIX |
Quote |
Chart |
News |
PowerRating)

GSTI Composite
(
GTC |
Quote |
Chart |
News |
PowerRating)

Networking
(
NWX |
Quote |
Chart |
News |
PowerRating)

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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News





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Personal Spending Grows In Line With Economist Estimates (full
story
).



Chicago PMI Falls More Than Economists Had Expected (full
story
).



Darren Wong

darrenw@tradingmarkets.com



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