Dow Tops 14,000 Level for First Time

  • July 17, 2007
  • Darren Wong

The Dow ran to an intraday high of 14,021 before pulling back in
the afternoon. Positive earnings from major names and tame
inflation data helped the major indices to finish with slight
gains.

Crude oil futures for August delivery fell
fractionally to $74.02 a barrel.  Gold
futures for August delivery fell fractionally to close at $665.90 an ounce.


Around Europe, Germany’s DAX lost 0.8% to 8,038.21, France’s CAC
40 fell 0.4% to 6,099.21, and Britain’s FTSE 100 fell 0.6% to
6,659.10.

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Stocks in Motion

News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating) Reaches Tentative Agreement To
Purchase Dow Jones & Co.
(
DJ |
Quote |
Chart |
News |
PowerRating).  NWS shares rose 2.6%, while DJ
shares fell 0.8%.

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) Q2 Profit Increases 1% On
International Operations; Adj. EPS Tops Consensus; To Repurchase $1.75-$2.0 Bln
Shares For Full Year (full
story). KO shares fell 1.26%.

Privately Held Basell Agrees To Buy Lyondell
(
LYO |
Quote |
Chart |
News |
PowerRating) For $48 A
Share; Shares Up 17% (full
story). LYO shares jumped 17.3%.

Global Sales Push Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) Q2 Profit Up 9%, Backs
FY07 EPS Target (full
story). JNJ shares lost 1.75%.

Novellus Systems
(
NVLS |
Quote |
Chart |
News |
PowerRating) Q2 Profit Increases 8.8%, EPS Tops
Consensus (full
story). NVLS shares jumped 11.4%.

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

 


Market Snapshot

Dow

 +20.57 13,971.55

NASDAQ

 +14.96 2,712.29

S&P 500

 -0.15 1,549.37

 

 NYSE NASDAQ

Volume

 2,930,053,000 2,131,684,000

Advances

 1469 1596

Declines

 1727 1444

Up Volume

 1177 1290

Down Volume

 1475 685

New Highs

 236 207

New Lows

 112 101


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Chemicals Index (CEX) Nasdaq Insurance Index (INSRX)
Natural Gas
Index (XNG)		 S&P
Retail Index (RLX)
Nasdaq Computer Index (IXCOX) S&P Insurance Index (IUX)


 


Economic
News

Industrial Production +0.5% vs
+0.5% consensus

Capacity Utilization 81.7% vs 81.6% consensus

PPI m/m -0.2% vs +0.2% consensus, prior +0.9%

Core PPI m/m +0.3% vs +0.2% consensus, prior +0.2%

Core PPI y/y +1.8% vs +1.7% consensus, prior +1.6%

PPI y/y +3.3% vs +3.6% consensus, prior +4.1%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com