Dow Breaks Historic 13,000 Mark

  • April 25, 2007
  • Darren Wong

The Dow pushed above the historic 13,000 mark this
morning and is currently holding just above that level. 
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) is leading the Dow with gains of 6.5% and
Exxon-Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) is in second with gains of 1.4%.

June crude futures are up 0.8%
to $65.11 a barrel, as crude inventories show a build, but
gasoline stockpiles continue to drop. 
June gold futures are up 0.2% to $689.20.

The major Asian indices finished
mixed in Wednesday’s session.  Tokyo’s Nikkei lost 1.24% to
close at 17,236.16 and Hong Kong’s Hang Seng Index fell 0.2% to
20,536.78.  Shanghai’s Composite continued to advance with a
gain of 0.6% to 3,743.96.

Today’s
PowerRatings
Heat
Map
continues to show slight weakness in several sectors- Energy,
Electronics, Transportation, and Computer Hardware.  The Drug sector
continues to show divergence, which
continues to show a divergence between high PowerRatings stocks
and low PowerRatings stocks.  This gives traders an
opportunity to trade this sector to the long side and to the short
side. 

Click here for a free trial to our PowerRatings Heat Maps.


Stocks in
Motion

Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Surge, Top Estimates;
Boosts FY07 Sales Forecast (full
story).  AMZN shares jump 23%.

Boeing
(
BA |
Quote |
Chart |
News |
PowerRating)
Net Income Rises 23%; Affirms 2007 and 2008 Outlook (full
story).  BA shares add 0.7%.

Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) Swings To A Profit In Q3,
Non-GAAP EPS Matches Consensus, Revenues Up 3.3% (full
story).  SUNW shares fall over 10%.

FDA Panel Recommends Approval Of Pfizer’s
(
PFE |
Quote |
Chart |
News |
PowerRating) HIV
Drug Maraviroc (full
story).  PFE shares lose 0.4%.

Rockwell Collins
(
COL |
Quote |
Chart |
News |
PowerRating) Q2 Profit Rises 23%,
Revenues Grow; Lifts FY07 Views (full
story).  COL shares gain 1.5%.

Vonage
(
VG |
Quote |
Chart |
News |
PowerRating) Secures Permanent Stay In Verizon Patent
Case (full
story).  VG shares fall 10%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +61.60 13,015.54

NASDAQ

 +8.02 2,532.63

S&P 500

 +6.23 1,486.64

 

 NYSE NASDAQ

Volume

 1,275,413,000 1,125,184,000

Advances

 1926 1584

Declines

 1154 1285

Up Volume

 786 466

Down Volume

 348 558

New Highs

 254 121

New Lows

 10 39



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
CBOE Internet Index (INX) Amex Airline Index (XBD)
Nasdaq Transportation Index (TRANX) Morgan Stanley Healthcare Providers Index (RXH)
GSTI Internet Index (GIN) Amex Disk Drive Index (DDX)


Economic
News

EIA reports a build
of 2 million barrels of crude this week

New Homes
Sales 858K vs 890K consensus, m/m change is +2.6%

Durable Good Orders +3.4% vs +2.5% consensus, prior month
revised to +2.4%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com