Downgrades On Apple Prompt Selloff In Tech

Dow and S&P close fractionally lower, while Nasdaq
drops nearly 1%.  Crude oil futures close lower by nearly 3% to $61.03.

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

Harrah’s Gets $15 Bln Takeover Bid From Apollo
Management, Texas Pacific (full
story
).  HET shares soar by over 14%.

Gilead To Buy Myogen For $2.5 Bln; Sees
Deal To Be Earnings Accretive In 2010 And Beyond (full
story
).  GILD shares fall over 6%, while MYOG shares rise by 47%.

GlaxoSmithKline Reveals FDA Priority Review
Status For Arixtra Cardiac Drug (full
story
).  GSK shares rise by over 2%. 

Pacific Sunwear Of California Names Kasaks
Interim CEO; Backs Q3 EPS Forecast; Sep. Same-store Sales Fall 2.4% (full
story
).  PSUN shares rise by nearly 7%.

Goodrich Petroleum Increases FY06 CAPEX; Q3
Production Growth Slows (full
story
).  GDP shares close lower by nearly 6.5%.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.



Market Snapshot

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Dow

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-8.72

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11,670.35

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NASDAQ

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-20.83

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-2,237.60

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S&P 500

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-4.53
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1,331.32
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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,067,376,000

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1,742,290,000

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Advances

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1524

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1021

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Declines

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1733

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2001

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Up Volume

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776

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504

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Down Volume

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1097

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1087

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New Hi’s

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124

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93

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New Lo’s

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23
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66



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Amex Gold Bugs Index (HUI)

PHLX Oil Services Sector Index (OSX)
Amex Airline Index (XAL) Deutsche Bank Energy Index (DXE)
PHLX Gold and Silver Sector (XAU) GSTI Software (GSO)

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

Manufacturing Sector Growth Slows In September (full
story
).

Construction Spending Sees Modest Increase In August
(full
story
).

ISM For Sept. 52.9

Construction
Spending For Sept. Up 0.3%

Pending Home Sales
Index For August Up 4.3%

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Darren Wong

darrenw@tradingmarkets.com


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