Fed Announcement Leaves Room For Improvement
Major indices all close in
the red for the day.
Mixed earnings from Altria and Merck, combined with a
Fed outlook that does not ignore future rate hikes, lead to a down day in the
major markets.
Fed raises short term interest rates .25% to 4.5%,
signalling Alan Greenspan’s last move as active Fed Chairman, and leaving the
door open for more rate increases in the future.
Gold futures touched a new 25-year high as increasing
tension in the Middle East continues to fuel demand for save-haven futures.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
AT&T
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T |
Quote |
Chart |
News |
PowerRating)
Power Rating
Sees Larger Than Expected Synergies From Merger, Plans $2 Bln Share Buyback In
2006 (full
story).
Phelps Dodge
(
PD |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q4 Profit Drops On Charges; Higher Copper And Molybdenum Prices Favor Sales (full
story).
Pepsi Bottling Group
(
PBG |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q4 Profit Flat With Last Year On Charges; Adj. EPS Tops Estimates (full
story).
Altria’s
(
MO |
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News |
PowerRating)
Power Rating
Tobacco Revenues Tempered By Weaker Food Business (full
story).
Hilton Hotels
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HLT |
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Chart |
News |
PowerRating)
Power Rating
Q4 Profit Rises 62% (full
story).
Merck
(
MRK |
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PowerRating)
Power Rating
Q4 Profit Rises On SINGULAIR Drug Sales; Reaffirms FY06 EPS Forecast (full
story).
Kellogg
(
K |
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Chart |
News |
PowerRating)
Power Rating
Q4 Profit Rises On Strong Demands For Cereals, Snacks (full
story).
Ericsson
(
ERICY |
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News |
PowerRating)
Power Rating
Q4 EPS Rises On 82% Higher North American Sales; Plans To Propose Dividend Of
SEK 0.45/ Share (full
story).
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”26%” height=14>
Dow
align=middle width=”41%” height=14>
-33.74
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10,866.18
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NASDAQ
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-1.14
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2,305.64
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S&P 500
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-5.15
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1,280.05
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align=middle width=”41%” height=16>
size=2>NYSE
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size=2>NASDAQ
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Volume
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2,532,499,000
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2,206,211,000
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Advances
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1783
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1506
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Declines
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1496
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1531
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Up Volume
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1051
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908
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Down Volume
align=middle width=”41%” height=16>
1198
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998
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
275
align=middle width=”48%” height=16>
200
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
38
align=middle width=”48%” height=16>
27
Â
Strongest
Sectors
Weakest
Sectors
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XAU |
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News |
PowerRating)
(
SOX |
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PowerRating)
(
HUI |
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(
GSM |
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(
XAL |
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(
IUX |
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Consumer Confidence Sees Improvement In January (full
story).
Canadian GDP Growth Comes In Line With Expectations (full
story).
Chicago PMI Falls More Than Expected In January (full
story).
Helvetica>
John Patrick Lee
johnl@tradingmarkets.com
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