Dow Extends Win Streak to Seven Days

The Dow rose for the seventh straight session.  The
blue-chip index was led by Intel
(
INTC |
Quote |
Chart |
News |
PowerRating)
and
McDonalds

(
MCD |
Quote |
Chart |
News |
PowerRating)
with gains of 2.7% and 1.6%.

May Crude futures dropped $2.62
per barrel to $61.66. 
Gold futures
for June delivery closed lower by $2.40 to $677.00 per ounce.

Around Europe, the U.K’s FTSE 100 led with gains
of 0.5% to close at 6,397.30, Germany’s DAX added 0.4% to
7,099.91, and France’s CAC 40 Index rose 0.04% to 5,741.38.

Our

Daily Market Bias
page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day.  These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days. 

Click here
for more information on our Daily Market Bias
indicators.



Stocks in
Motion

Warren Buffett’s Berkshire Hathaway
(
BRK |
Quote |
Chart |
News |
PowerRating)
Amasses
10.9% Stake In Burlington Northern Santa Fe
(
BNI |
Quote |
Chart |
News |
PowerRating)
; Stock Surges (full
story
).  BRK.A shares rose fractionally, while BNI shares added 6.5%.

AMD
(
AMD |
Quote |
Chart |
News |
PowerRating)
Trims Q1 Revenue Forecast Below Street View;
Plans To Restructure Business Model (full
story
).  AMD shares gained 4.25%.

Sanmina-SCI
(
SANM |
Quote |
Chart |
News |
PowerRating)
Cuts Q2 Outlook On Weak Demand
(full
story
).  SANM shares dropped nearly 6%.

Mirant
(
MIR |
Quote |
Chart |
News |
PowerRating)
To Explore Strategic Alternatives
Including Sale (full
story
).  MIR shares jumped 8.5%.

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

Market Snapshot

Dow

+8.04 12,569.14

NASDAQ

-2.16 2,469.18

S&P 500

+0.85 1,444.61

 

NYSE NASDAQ

Volume

2,292,032,000 1,700,147,000

Advances

1633 1352

Declines

1639 1704

Up Volume

1201 888

Down Volume

895 704

New Highs

294 168

New Lows

21 41



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

S&P Chemicals Index (CEX) S&P Banking Index (BIX)
Amex Airline Index (XAL) CBOE Oil Index (OIX)
Nasdaq Transportation Index (TRANX) PHLX / KBW Bank Index (BKX)


Economic
News

No economic reports released
today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com