Dow Targets 14,000 Once Again

  • July 19, 2007
  • Darren Wong

The major indices are trading higher this morning after several
upbeat earnings reports came out. The Dow has made up for
yesterday’s drop and is once again targeting a close above the
historic 14,000 level.

Crude oil futures for August delivery rose 1.4%
to $75.05 a barrel after the weekly Energy Department report
showed a decrease in crude oil inventories.  Gold futures for
August delivery rose 1.2% to $673.70 an ounce.


Around Asia, the Shanghai Composite index fell 0.4% to 3,912.94,
Hong Kong’s Hang Seng rose 0.8% to 23,016.20, and Tokyo’s Nikkei
added 0.6% to 18,116.57.

TradingMarkets subscribers have access to
16 quantitative
stock indicators and another

17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.

Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
7-day TradingMarkets trial.



Stocks in Motion

Fall In Mobile Devices Revenue, Unit Shipments Push Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) To Loss In Q2; Guides Q3 (full
story). MOT shares added 1.5%.

Honeywell
(
HON |
Quote |
Chart |
News |
PowerRating) Q2 Profit Climbs
17% On Strong Demand For Aerospace Products; Boosts 2007 Forecast; Plans Addl.
$3 Bln Share Buyback (full
story). HON shares fell 1%.

EBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) Q2 Profit Surges 50%, Sets Q3 Target, Lifts FY07 Adj.
EPS Forecast (full
story). EBAY shares lost 2%.

Nucor
(
NUE |
Quote |
Chart |
News |
PowerRating) Q2 Profit Drops Despite 10% Increase In Sales (full
story). NUE shares fell 2.7%.

Bank Of America
(
BAC |
Quote |
Chart |
News |
PowerRating) Q2 Profit Up 5% On Capital Market Activity,
Provision For Bad Credit Surge (full
story). BAC shares lost 0.5%.

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

 


Market Snapshot

Dow

 +71.05 13,989.27

NASDAQ

 +15.18 2,714.67

S&P 500

 +4.83 1,551.00

 

 NYSE NASDAQ

Volume

 1,230,956,000 869,952,000

Advances

 1954 1720

Declines

 1082 1136

Up Volume

 671 596

Down Volume

 418 196

New Highs

 203 166

New Lows

 73 55


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Computer Hardware Index (HWI) S&P Healthcare Index (HCX)
Nasdaq Telecom
Index (IXTC)		 PHLX/KBW Bank
Sector Index (BKX)
CBOE Technology Index (TXX) S&P Banking Index (BIX)


 


Economic
News

Initial Claims 301K vs 311K
consensus, prior revised to 309K from 308K

Leading Indicators -0.3% vs
-0.1% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com

Learn how to enter markets at short-term lows and highs with a market maker’s
edge. Find out what specialists, hedge funds, large fund managers, and market
makers are doing behind the scenes at key times.

Join TradingMarkets CEO Larry Connors for a free 45-minute market timing
presentation on Thursday, July 19, 3:00 PM ET.
Click here
to signup.