Dow Edges Higher for Eighth Straight Session

  • April 10, 2007
  • Darren Wong

U.S. stocks moved higher ahead of 1st quarter
earnings with the Dow closing higher for the eighth straight
session.  Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) beat analyst expectations this
afternoon reporting $0.79 EPS versus $0.77. 

May Crude futures ended the day
higher by $0.36 to $61.87are trading up 0.9% to $62.08. 
June gold futures added $4.60 to finish at $681.50 per ounce.

Around Europe, Germany’s DAX gained 1% to close
at 7,166.67, France’s CAC 40 added 0.4% to 5,766.27, U.K.’s FTSE
100 Index added 0.3% to 6,417.80.

The
PowerRatings
Heat Maps*
from Monday’s close is showing action that has historically led to weakness with
the Drugs and Metals and Mining sectors looking the most
vulnerable.



Stocks in
Motion

Mylan Labs
(
MYL |
Quote |
Chart |
News |
PowerRating) Raises FY07 Adj. EPS Outlook;
Forecast Excludes Contribution From Recent Launch Of Amlodipine Besylate (full
story).  MYL shares rose by 3%.

Biosite
(
BSTE |
Quote |
Chart |
News |
PowerRating) Agrees To Discuss Takeover Proposal With Inverness Medical
(
IMA |
Quote |
Chart |
News |
PowerRating);
Beckman Coulter
(
BEC |
Quote |
Chart |
News |
PowerRating) Reveals Commitment In Deal (full story). 
BSTE shares added 1.5%, IMA shares lost 4%, and BEC shares closed fractionally
higher.

Take-Two
(
TTWO |
Quote |
Chart |
News |
PowerRating) CFO Karl Winters Resigns (full
story).  TTWO shares closed lower by 1.6%.

United Rentals
(
URI |
Quote |
Chart |
News |
PowerRating) To Explore Strategic
Alternatives, Including Sale; CEO Wayland Hicks To Retire In June; Names Michael
Kneeland Interim CEO (full
story).  URI shares jumped 17.5%.

Mosaic
(
MOS |
Quote |
Chart |
News |
PowerRating) Posts Q3 Profit On Higher Potash Sales
(full
story).  MOS shares fell by 5.5%.

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

Market Snapshot

Dow

 +4.71 12,573.85

NASDAQ

 +8.43 2,477.61

S&P 500

 +3.78 1,448.39

 

 NYSE NASDAQ

Volume

 2,459,053,000 1,834,387,000

Advances

 1960 1661

Declines

 1277 1358

Up Volume

 1455 959

Down Volume

 897 767

New Highs

 269 139

New Lows

 21 50



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Natural Gas Index (XNG) Amex Disk Drive Index (DDX)
Amex Gold Bugs Index (HUI) GSTI Hardware Index (GHA)
Dow Jones Internet Commerce Index (DXE) Computer Hardware Index (HWI)


Economic
News

No economic reports released
today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com