Dow Has Biggest One Day Drop In 3 Weeks


General Motors and Dupont
lead a major market slide to red; Dow has biggest one day drop in 3 weeks.

General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)

closed down over 6% after negative comments from a Goldman analyst, which were
confirmed by the co.’s VP.

Dupont
(
DD |
Quote |
Chart |
News |
PowerRating)

shares fell 2.5% after Vivendi
(
V |
Quote |
Chart |
News |
PowerRating)
sold its stake of 16.4 million shares for
$671 Million.

Micronetics Wireless
(
NOIZ |
Quote |
Chart |
News |
PowerRating)
closed up over 20% after doubling net earnings from the same quarter
last year.

Crude oil futures traded higher today, closing up
fractionally at $71.92.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move

Marvell Technology
(
MRVL |
Quote |
Chart |
News |
PowerRating)
 
Power Rating

To Acquire Intel’s
(
INTC |
Quote |
Chart |
News |
PowerRating)

Communications And Application Processor Unit For $600 Mln (full
story
).

Eastman Kodak
(
EK |
Quote |
Chart |
News |
PowerRating)

Power Rating
,
Martha Stewart
(
MSO |
Quote |
Chart |
News |
PowerRating)
Enter Multi-year
Partnership To Sell Personalized Photo Products (full
story
).

Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)
 
Power Rating

Stops Avastin Pancreatic Cancer Trial As Results Fail To Meet Endpoint (full
story
).

Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)

Power Rating

Reaffirms Original APPROVe Study Results On Effect Of Vioxx After 18 Months Of
Use (full
story
).

Nortel
(
NT |
Quote |
Chart |
News |
PowerRating)

Power Rating

To Cut 1,100 Global Positions; Announces Solutions To Improve Performance (full
story
).

UbiquiTel
(
UPCS |
Quote |
Chart |
News |
PowerRating)

Power Rating

Shareholders Approve Sprint Acquisition (full
story
).

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.

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Dow

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-120.54

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10,924.74

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NASDAQ

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-33.42

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2,100.25

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S&P 500

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-11.35

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1,239.21

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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,205,149,000

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1,788,061,000

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Advances

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952

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785

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Declines

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2305

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2278

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Up Volume

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412

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223

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Down Volume

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1508

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1424

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width=”26%” height=16>

New Hi’s

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35

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58

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New Lo’s

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223

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144

Sectors

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Strongest
Sectors


Weakest
Sectors

Morgan Stanley Healthcare
(
HMO |
Quote |
Chart |
News |
PowerRating)
Securities Broker Dealer
(
XBD |
Quote |
Chart |
News |
PowerRating)
S&P Insurance
(
IUX |
Quote |
Chart |
News |
PowerRating)
CBOE Internet
(
INX |
Quote |
Chart |
News |
PowerRating)
Institutional
(
XII |
Quote |
Chart |
News |
PowerRating)
Nasdaq Combined Finance
(
OFINX |
Quote |
Chart |
News |
PowerRating)
Helvetica>

href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News





Helvetica>


May Existing Home Sales Fall A Little Less Than Expected (full
story
).



Consumer Confidence Improves More Than Expected In June (full
story
).





Darren Wong



darrenw@tradingmarkets.com


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