Dow Closes Above 11,000
The markets follow through on
yesterday’s rally; indices in the green and Dow back above 11,000.
Bear Stearns
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closed up nearly 6% after reporting positive Q2 earnings.
Despite multiple sector downgrades a number of
homebuilders made significant gains on today’s rally. Â KB
Home
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closed up 4.20%.
Crude oil futures closed slightly higher for the day.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Bear Stearns
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Power Rating
Q2 EPS Climbs 78%, Tops Consensus On 40% Higher Capital Markets Revenue (full
story).
Inter-Tel
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Receives $22.50 Per Share Acquisition Proposal From Former CEO Steven Mihaylo (full
story).
Valeant Pharma
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Power Rating
Gets FDA Approval For Zelapar To Treat Parkinson’s Disease (full
story).
New York Times
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Power Rating
May Ad Sales Rise 4.4%, Total Revenues Grow 4% On Strong Growth In News Media
Groups (full
story).
Illinois Tool Works
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Power Rating
Quarterly Operating Revenues Rise 8%, Reaffirms Q2, FY06 EPS Outlook (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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+197.46
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11,014.38
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NASDAQ
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+58.15
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2,144.15
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S&P 500
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+26.05
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1,256.09
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,739,212,000
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2,195,627,000
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Advances
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2674
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2503
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Declines
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622
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566
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Up Volume
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2146
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1906
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Down Volume
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104
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108
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New Hi’s
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24
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53
width=”26%” height=16>
New Lo’s
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114
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72
Sectors
Strongest
Sectors
Weakest
Sectors
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(
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
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New York Manufacturers See Improved Business Conditions (full
story).
Weekly Jobless Claims Show Unexpected Decline (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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