Dow and S&P Hit Five-Year Highs


S&P and Dow pull back from
session highs to close in the green; Nas down 0.5%.

Both the S&P 500 and the Dow touched five-year highs
during today’s trading session.

Crude oil futures jumped today, closing up over 2%.

Bear Stearns beat earnings this morning and rose as
much as 1.8% during morning trading, but then fell down .5% after being fined
for fraudulent market timing by the SEC.

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

Bear Stearns
(
BSC |
Quote |
Chart |
News |
PowerRating)

Power Rating

Fined $250 Mln For Fraudulent Market Timing (full
story
).

Fisher Scientific
(
FSH |
Quote |
Chart |
News |
PowerRating)

Power Rating

To Buy Athena Diagnostics For $283 Mln Cash; To Acquire 9% Stake In Nanogen For
$15 Mln (full
story
).

Winnebago
(
WGO |
Quote |
Chart |
News |
PowerRating)

Power Rating

Industries Q2 Profit Drops 39% (full
story
).

Kraft Foods
(
KFT |
Quote |
Chart |
News |
PowerRating)

Power Rating

lifts FY06 EPS Target By 17 Cents; To Sell Milk-Bone Brand To
Del Monte
(
DLM |
Quote |
Chart |
News |
PowerRating)
For About $580 Mln (full
story
).

Bear Stearns
(
BSC |
Quote |
Chart |
News |
PowerRating)

Power Rating

Q1 EPS Rise 34%, Beats Estimates Convincingly (full
story
).

Altria Group
(
MO |
Quote |
Chart |
News |
PowerRating)

Power Rating

Raises FY06 EPS Outlook On $1 Bln Tax Benefit (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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+43.39

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11,253.16

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NASDAQ

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-12.28

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2,299.56

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S&P 500

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+2.33

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1,305.35

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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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width=”26%” height=14>

Volume

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2,260,528,000

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align=middle width=”48%” height=14>

2,343,629,000

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width=”26%” height=16>

Advances

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2050

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align=middle width=”48%” height=16>

1451

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width=”26%” height=16>

Declines

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1151

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1535

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width=”26%” height=16>

Up Volume

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1158

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align=middle width=”48%” height=16>

716

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width=”26%” height=16>

Down Volume

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align=middle width=”41%” height=16>

871

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align=middle width=”48%” height=16>

1449

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width=”26%” height=16>

New Hi’s

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align=middle width=”41%” height=16>

290

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align=middle width=”48%” height=16>

190

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New Lo’s

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20

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30

 

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Helvetica>

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





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Fed’s Kohn – Central Banks Have ‘Poor Understanding’
Of Bubbles




John Patrick Lee


johnl@tradingmarkets.com



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