Dow Finishes Higher to End an Historic Week

  • April 27, 2007
  • Darren Wong

U.S. stocks finished the day mixed after weaker
than expected GDP numbers were reported this morning. 
Despite closing lower today, the S&P 500 had the top gainers among
the major indices.  Cummins
(
CMI |
Quote |
Chart |
News |
PowerRating) added almost 12%
in today’s session and Waste Management
(
WMI |
Quote |
Chart |
News |
PowerRating) rose
nearly 8%.   

June crude futures jumped 2.2%
to $66.46 a barrel after Saudi Arabian authorities they had
arrested 170 people suspected of planning attacks on the country’s
oil fields. 
June gold futures close higher by 0.6% to $681.80 an ounce.

Around Europe, Britain’s FTSE 100
Index fell 0.8% to finish at 6,418.70, Germany’s DAX lost 0.12% to
7,378.12, and France’s CAC 40 fell 0.2% to 5,930.77..

Today‘s

PowerRatings Heat Map continues to be moderately bearish, with
very little green to be found.  The Energy sector continues
to look the weakest since it has had a major runup and long
positions in this sector will carry higher risk. 


Stocks in
Motion

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) Q3 Profit Jumps 65% (full
story).  MSFT shares rose 3.6%.

Baidu
(
BIDU |
Quote |
Chart |
News |
PowerRating)
Q1 Earnings Double (full
story).  BIDU shares jumped 13%.

Chevron
(
CVX |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 18%, EPS Tops
Consensus, Revenues Decline 12% (full
story).  CVX shares lost 0.1%.

National Oilwell Varco
(
NOV |
Quote |
Chart |
News |
PowerRating) Q1 Profit More Than
Doubles; Revenue Soars 43% (full
story).  NOV shares added 4.6%.

SanDisk
(
SNDK |
Quote |
Chart |
News |
PowerRating) Swings To A Loss In Q1, Loss Wider
Than Consensus, Revenues Rise 26% (full
story).  SNDK shares lost 3%.

Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Slide (full
story).  BRCM shares closed lower by 3.5%.

Valero Energy
(
VLO |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates
(full
story).  VLO shares fell 0.8%.

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

Market Snapshot

Dow

 +15.44 13,120.94

NASDAQ

 +2.75 2,557.21

S&P 500

 -0.18 1,494.07

 

 NYSE NASDAQ

Volume

 2,673,088,000 2,055,523,000

Advances

 1355 1152

Declines

 1858 1855

Up Volume

 937 843

Down Volume

 1483 1102

New Highs

 210 160

New Lows

 24 67



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
PHLX TheStreet.com Internet Index (DOT) GSTI Semiconductor Index (GSM)
Nasdaq Computer Index (IXCOX) GSTI Multimedia Networking Index (GIP)
GSTI Software Index (GSO) Morgan Stanley Healthcare Providers Index (RXH)


Economic
News

University of
Michigan Sentiment-rev is 87.1 vs 85.5 consensus


GDP-advanced 1.3% vs 1.8% consensus

Chain Deflator-advanced 4.0% vs 3.2% consensus

Employment Cost Index 0.8% vs 0.9% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com