Dow Sinks Below 11,000
The major markets took a fall
today after a warning from Google and a slew of negative economic data reports.
Google
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fell as much as 13% during trading today after CFO warns that revenue growth is
slowing.
Consumer confidence report and housing numbers both
point to weak investor sentiment, helping to fuel a morning slide in the
markets.
Crude oil futures closed up for day, up about .75%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Lucent
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Technologies Names John Kritzmacher CFO (full
story).
Staples
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Q4 Profit Increases To Top Street Views By A Penny On Higher Sales; Raises
Dividend 32% (full
story).
Heinz
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Q3 Profit Drops 23.5% On Higher Interest Costs And Tax Rate, Revenues Up 6%,
Expects FY07 EPS To Grow 6-8% (full
story).
Ceradyne
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Q4 Profit Rises On Higher Sales (full
story).
King Pharmaceuticals
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Makes Loss In Q4 Vs Profit Last Year (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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-104.14
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10,993.41
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NASDAQ
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-25.79
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2,281.39
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S&P 500
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-13.54
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1,280.58
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,306,680,000
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2,096,835,000
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Advances
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990
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944
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Declines
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2278
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2123
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Up Volume
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356
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518
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Down Volume
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1609
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1329
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New Hi’s
align=middle width=”41%” height=16>
96
align=middle width=”48%” height=16>
126
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
34
align=middle width=”48%” height=16>
41
Â
Strongest
Sectors
Weakest
Sectors
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(
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(
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(
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Q4 GDP Growth Upwardly Revised In Line With Estimates
(full
story).
Consumer Confidence Falls More Than Expected In
February (full
story).
Existing Home Sales Come In Below Economist Estimates
(full
story).
John Patrick Lee
johnl@tradingmarkets.com
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