Do You Own This Stock? It’s Down 20%!
Stocks are higher Monday
but investors aren’t making large commitments ahead of Tuesday’s Fed meeting.
Economists polled by Reuters expect a quarter-point rate rise, from 1.25% to
1.50%. Oil rose to new high as Yukos continues to have tax-related problems and
Iraq said it would shut down its southern pipeline because of a Shi-ite
uprising. Oil traded as high as $44.89.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) worldwide sales rose
6.4% in July
Wet Seal
(
WTSAL |
Quote |
Chart |
News |
PowerRating) fell after the
company’s creative director resigned.
Knight Trading
(
NITE |
Quote |
Chart |
News |
PowerRating) is higher after
Citigroup said it would buy its derivatives group.
| Dow | +12.83 | 9828.74 |
| S&P 500 | +2.38 | 1066.35 |
| Nasdaq | +0.62 | 1777.51 |
Strong today are: Oil
(
XOI.X |
Quote |
Chart |
News |
PowerRating)Â
+1.74%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +0.74% Telecom
(
XTC.X |
Quote |
Chart |
News |
PowerRating)
+0.59%.
Weak today are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -0.74%,
Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) -0.47%.
10-year Notes are -065 at 112 165
The dollar
is -0.12 at 88.48
Gold is +1.60 at 400
Crude Oil is +0.94 at
44.89
Volume is 537 million on
the NYSE and 649 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1583 | Up Vol 278 |
| Declining | 1562 | Down Vol 221 |
| Ratio | 1.01 | 1.25 |
| Nasdaq |
||
| Advancing | 1272 | Up Vol 306 |
| Declining | 1605 | Down Vol 304 |
| Ratio | 1.26 | 1.00 |
Brice Wightman