Crude Oil Disruption Sends Stocks Lower
Markets fall on crude rally;
major indices fractionally lower ahead of tomorrow’s FED decision.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
BP
(
BP |
Quote |
Chart |
News |
PowerRating) To Shut
Down Prudhoe Bay Oil Field; Expects A Reduction Of 400,000 Barrels Of Oil Per
Day (full
story). BP shares close up 2%.
Hansen Natural
(
HANS |
Quote |
Chart |
News |
PowerRating)
Q2 Profit Surges 85%, Matches Estimates; Net Sales Up 83% (full
story). HANS shares drop nearly 25% in today’s session.
Performance Food Group
(
PFGC |
Quote |
Chart |
News |
PowerRating) Q2 EPS From Cont. Ops. Increases 35%; Guides Q3 (full
story). PFGC shares rise modestly by 2.5%.
Marvel Entertainment
(
MVL |
Quote |
Chart |
News |
PowerRating) Q2 Profit Declines On Lower Revenue, Operating Income; Revises FY06
Earnings Outlook (full
story). MVL shares rise by 7%.
Plains Exploration
(
PXP |
Quote |
Chart |
News |
PowerRating) To Divest Non-strategic Oil And Gas Assets To Occidental For $865 Mln
In Cash (full
story). PXP shares gain over 4%.
AES Corp.
(
AES |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings Nearly Double; Lifts 2006 Forecast (full
story). AES shares jump by over 10%.
Crude oil futures jump higher by 3% to $77.05 in
today’s session.
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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-19.53
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11,220.82
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NASDAQ
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-12.72
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2,072.33
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S&P 500
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-3.49
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1,275.87
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,969,095,000
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1,389,405,000
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Advances
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1278
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982
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Declines
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1961
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2038
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Up Volume
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689
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355
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Down Volume
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1026
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913
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New Hi’s
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55
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42
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New Lo’s
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66
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100
Sectors
Strongest Sectors
Morgan Stanley Healthcare Index (HMO)
Morgan Stanley Health Provider Index (RXH)
Oil Index (OIX)
Weakest Sectors
Morgan Stanley Health Products Index (RXP)
GSTI Services Index (GSV)
Dow Jones Equity REIT Index (DJR)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
US May Credit
Rose $5.9 Bln.; June Non-Revolving Borrowing Rose $3.6 BLn.
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Darren Wong
darrenw@tradingmarkets.com
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