Dow Sets New Record High

  • February 15, 2007
  • Darren Wong

Comments from Federal
Reserve Chairman Ben Bernanke generated a modest amount of buying
interest during today’s session, which propelled the Dow to new
record highs.  Today’s leading blue chip names included
Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) and Boeing
(
BA |
Quote |
Chart |
News |
PowerRating), which traded
higher by 2.3% and 2% respectively.

Crude closed lower today by $0.01 to $57.99, as
forecasts called for warmer weather along the East Coast in the
coming weeks.  Gold for April delivery also moved lower
closing down $0.60 to $671.40 an ounce.

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

Baidu.com
(
BIDU |
Quote |
Chart |
News |
PowerRating) Q4 Net Income
Quadruples (full
story).  BIDU shares drop 9%.

Hershey
(
HSY |
Quote |
Chart |
News |
PowerRating) To Revamp Supply Chain, Cut
1500 Jobs; Backs Long Term Goals (full
story).  HSY shares gained 1.5%.

Guess?
(
GES |
Quote |
Chart |
News |
PowerRating) Q4 Profit Up 77%, EPS Grew
73.7% And Topped Consensus; Revenue Increases 25.2%; Declares 2-for-1 Stock
Split (full
story).  GES shares jumped 12%.

Expedia
(
EXPE |
Quote |
Chart |
News |
PowerRating) Q4 Profit Soars, Adj. EPS
Tops Consensus; Revenue Up 7% (full
story).  EXPE shares traded fractionally higher.

Baker Hughes
(
BHI |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises 27% On
Higher Top Line Results; EPS From Cont. Ops Beats Forecast; Sees 17% – 19%
Growth In FY07 Non-North American Revenue (full
story).  BHI shares fell by 9%.

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

Market Snapshot

Dow

 +23.15 12,765.01

NASDAQ

 +8.72 2,479.10

S&P 500

 +1.51 1,456.81

 

 NYSE NASDAQ

Volume

 2,403,258,000 1,949,674,000

Advances

 1928 1517

Declines

 1336 1527

Up Volume

 1179 1212

Down Volume

 1025 634

New Highs

 323 164

New Lows

 10 41



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Providers Index (RXH) Deutsche Bank Energy  Index (DXE)
Morgan Stanley Healthcare Payors Index (HMO) CBOE Internet Index (INX)
Computer Hardware Index (HWI) Amex Natural Gas Index (XNG)


Economic
News

Natural Gas Inventory fell 259
bcf to 2088 bcf, analysts were expecting a draw of 254 bcf

Capacity Utilization 81.2% vs 81.7% consensus


Industrial Production -0.5% vs unchanged consensus

NY Empire State Index 24.4 vs 11.0 consensus

Initial Claims 357K vs 315K consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com