Dow Loses 11,000 Mark

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Major indices all close in the red.  Concerns
over Iran’s nuclear programs and a weak start to earnings season lead to
investor concern. 

Downgrades in Coca-Cola and J.P. Morgan lead the
markets to slide; analysts agree that future earnings reports will make or break
this rally.

Crude oil touched $65 a barrel on news that Iran
continues to pursue nuclear technology.  However, crude fell back to almost
even, closing up .06%.

Gold futures have backed off of their recent highs;
however, demand for gold remains strong on inflation fears and heavy consumption
in Asia.

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

Guidant
(
GDT |
Quote |
Chart |
News |
PowerRating) accepts
Johnson&Johnson’s
(
JNJ |
Quote |
Chart |
News |
PowerRating) second offer of
$23.5 billion.  Boston Scientific
(
BSX |
Quote |
Chart |
News |
PowerRating)
plans to continue their efforts to buy-out GDT.  GDT’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).  JNJ’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).  BSX’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).

TevaPharm
(
TEVA |
Quote |
Chart |
News |
PowerRating) announces that the FDA has tentatively approved the company’s
Divalproex Sodium Delayed-Release Tablets.  This drug is the generic
equivalent of Abbott’s
(
ABT |
Quote |
Chart |
News |
PowerRating) Depakote,
and is used in the treatment of manic episodes.  TEVA’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).  ABT’s
(color=#ff0000>Powercolor=#ff0000>Rating).

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) was
downgraded to inline from outperform by Goldman Sachs, closing down over .5%. 
KO’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).

J.P. Morgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating)
was downgraded by Piper Jaffrey to market perform from outperform, closing down
1.8%.  JPM’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).

AT&T
(
T |
Quote |
Chart |
News |
PowerRating) was upgraded
by Prudential to overweight from neutral, closing down .4%.  AT&T’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).

Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) was
upgraded to outperform from peer perform by Bear Stearns, closing up .4%.  AAPL’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).

Two state congressmen from Iowa sent a letter to the Justice Dept., requesting
to block Whirpool’s
(
WHR |
Quote |
Chart |
News |
PowerRating) purchase of
Maytag
(
MYG |
Quote |
Chart |
News |
PowerRating).  WHR’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).  MYG’s
(color=#ff0000>Powercolor=#ff0000>Rating).

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

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