Dow Closes Above Historic 14,000 Level

  • July 19, 2007
  • Darren Wong

The major indices showed strength in Thursday’s session with the
Dow adding 0.6%, the S&P 500 up 0.5%, and the Nasdaq up 0.8%.
Strong earnings helped boost the markets today, despite comments
from the Fed that it would not be cutting rates anytime soon.

Crude oil futures for August delivery rose 1.1%
to $75.84 a barrel after Total SA said it would curb exports from
Angola because of mechanical failures.  Gold futures for
August delivery rose 0.7% to $678.10 an ounce. To read today’s futures market recap,
click here.


Around Europe, Germany’s DAX rose 1.2% to 7,991.21, France’s CAC
index added 1.2% to 6,065.50, and Britain’s FTSE 100 gained 1.1%
to 6,640.20.

TradingMarkets subscribers have access to
16 quantitative
stock indicators and another

17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.

Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
7-day TradingMarkets trial.



Stocks in Motion

Fall In Mobile Devices Revenue, Unit Shipments Push Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) To Loss In Q2; Guides Q3 (full
story). MOT shares added 1.2%.

TD Ameritrade
(
AMTD |
Quote |
Chart |
News |
PowerRating) Q3 Profit
Rises On Client Assets; Tightens FY07 EPS View (full
story). AMTD shares lost 2%.

Honeywell
(
HON |
Quote |
Chart |
News |
PowerRating) Q2 Profit Climbs 17% On Strong Demand For
Aerospace Products; Boosts 2007 Forecast; Plans Addl. $3 Bln Share Buyback (full
story). HON shares fell 0.7%.

EBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) Q2 Profit Surges 50%, Sets Q3 Target, Lifts FY07 Adj.
EPS Forecast (full
story). EBAY shares lost 1.6%.

Nucor
(
NUE |
Quote |
Chart |
News |
PowerRating) Q2 Profit Drops Despite 10% Increase In Sales (full
story). NUE shares fell 2%.

Bank Of America
(
BAC |
Quote |
Chart |
News |
PowerRating) Q2 Profit Up 5% On Capital Market Activity,
Provision For Bad Credit Surge (full
story). BAC shares lost 0.5%.

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

 


Market Snapshot

Dow

 +82.19 14,000.41

NASDAQ

 +20.55 2,720.04

S&P 500

 +6.91 1,553.08

 

 NYSE NASDAQ

Volume

 3,100,739,000 2,155,345,000

Advances

 1985 1836

Declines

 1222 1167

Up Volume

 1663 1502

Down Volume

 1154 546

New Highs

 203 166

New Lows

 109 96


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Computer Hardware Index (HWI) S&P Healthcare Index (HCX)
Amex Gold Bugs
Index (HUI)		 PHLX/KBW Bank
Sector Index (BKX)
CBOE Technology Index (TXX) Securities Broker/Dealer Index (XBD)


 


Economic
News

Initial Claims 301K vs 311K
consensus, prior revised to 309K from 308K

Leading Indicators -0.3% vs
-0.1% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com

Learn how to enter markets at short-term lows and highs with a market maker’s
edge. Find out what specialists, hedge funds, large fund managers, and market
makers are doing behind the scenes at key times.

Join TradingMarkets CEO Larry Connors for a free 45-minute market timing
presentation on Thursday, July 19, 3:00 PM ET.
Click here
to signup.