Dow Falls For Third Straight Day

  • March 28, 2007
  • Darren Wong

U.S. indices fell today on inflation remarks from
Fed Chairman Bernanke.  The Dow, S&P, and Nasdaq all moved
lower by 0.8%.

May Crude futures closed higher
by 1.8% to $64.08 per barrel.  Gold futures
also rose today 0.5% to $672.30 an ounce.

Around Europe, the U.K.’s
FTSE 100 index fell 0.40% to 6,267.20, while France’s CAC 40 index
slipped 0.62% to 5,552.69 and Germany’s DAX index dropped 0.60% to
6,816.89.



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Stocks in
Motion

Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating), Virgin Mobile USA Form
New Strategic Partnership (full
story).  YHOO shares lost 0.3%, while S shares fell by 1.9%.

Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating) Stores Reveals
Restructuring Plans; Lowers FY07 Sales Growth Outlook; Enters Into Outsourcing
Deal With IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) (full
story).  CC shares gained 1.5%, while IBM shares lost 0.5%.

Beazer Homes
(
BZH |
Quote |
Chart |
News |
PowerRating) Stock Falls On Probe Into
Mortgage Fraud (full
story).  BZH shares fell by 8.4%.

Delta Air Lines
(
DALRQ |
Quote |
Chart |
News |
PowerRating) Applies For
Listing On NYSE Under Symbol ‘DAL’; Expects To Commence Trading In Early May (full
story).  DALRQ shares plummeted 32%.

Accenture
(
ACN |
Quote |
Chart |
News |
PowerRating) Q2 Net Income
Quadruples; Raises FY07 View (full
story).  ACN shares rose by 3.9%.

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

Market Snapshot

Dow

 -96.93 12,300.36

NASDAQ

 -20.33 2,417.10

S&P 500

 -12.39 1,417.22

 

 NYSE NASDAQ

Volume

 3,003,128,000 1,864,671,000

Advances

 1109 959

Declines

 2142 2050

Up Volume

 654 350

Down Volume

 2116 1313

New Highs

 109 95

New Lows

 35 54



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Oil Index (XOI) Amex Disk Drive Index (DDX)
GSTI Services Index (GSV) Amex Securities Broker/Dealer Index (XBD)
CBOE Oil Index (OIX) S&P Banking Index (BIX)


Economic
News

Durable Goods Orders +2.5% vs
+3.5% consensus

Crude inventories show a build of
2,025K barrels

Darren Wong

Associate Editor

darrenw@tradingmarkets.com