Gold Hits 25-Year Highs


Stocks trade mixed
as Merck and retailers weigh on investor sentiment; S&P and Dow down while Nas
barely manages to stay green.

Gold futures rose to $600 an ounce, creating new
25-year highs.

Crude oil futures traded higher today, closing up over
1%.

Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)

closed down 3% today after a New Jersey jury rewards plaintiff $4.5 Million in
Vioxx trial, perhaps opening the door to thousands more punitive damage cases
for the co.

The retail sector announced a group of mostly
disappointing sales numbers, with a few standouts.  Among the losers were
(
JCP |
Quote |
Chart |
News |
PowerRating)
,
(
GPS |
Quote |
Chart |
News |
PowerRating)
and
(
ANF |
Quote |
Chart |
News |
PowerRating)
. 
(
BBBY |
Quote |
Chart |
News |
PowerRating)
was one notable winner.

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

Gap
(
GPS |
Quote |
Chart |
News |
PowerRating)

Power Rating

March Comp. Store Sales Tumbles 13%; Net Sales Down 9% (full
story
).

Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating)

Power Rating

Sees Q1 EPS Within Its Prior Outlook, Reports 1.4% Comps For March, Guides April
Comps (full
story
).

J. C. Penney
(
JCP |
Quote |
Chart |
News |
PowerRating)

Power Rating

March Comp. Drops 1% On Shift In Easter Holiday; Sees April Comp. Growth In Low
Single Digits; Backs Q1 EPS Forecast (full
story
).

ON Semiconductor
(
ONNN |
Quote |
Chart |
News |
PowerRating)

Power Rating

Unit To Buy LSI Logic’s
(
LSI |
Quote |
Chart |
News |
PowerRating)

Power Rating

Gresham Facility; Proposes 10.5 Mln
Stock
Offering; Backs Q1 Revenue Outlook Below Consensus (full
story
).

American Greetings
(
AM |
Quote |
Chart |
News |
PowerRating)

Power Rating

Q4 EPS Rises On Lower Tax Rate, Costs And Reduced Share Count; Guides FY07 EPS
Below Consensus (full
story
).

Pier 1 Imports
(
PIR |
Quote |
Chart |
News |
PowerRating)

Power Rating

Falls To Loss In Q4 On Dull Sales, Store Closure Costs; To Restate Cash Flow
Statements (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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align=middle width=”41%” height=14>

-23.05

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align=middle width=”48%” height=14>

11,216.50

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width=”26%” height=16>

NASDAQ

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align=middle width=”41%” height=16>

+1.42

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align=middle width=”48%” height=16>

2,361.17

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width=”26%” height=16>

S&P 500

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align=middle width=”41%” height=16>

-2.52

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align=middle width=”48%” height=16>

1,309.04

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width=”26%” height=16>

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align=middle width=”41%” height=16>

size=2>NYSE

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align=middle width=”48%” height=16>

size=2>NASDAQ

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width=”26%” height=14>

Volume

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align=middle width=”41%” height=14>

2,239,591,000

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align=middle width=”48%” height=14>

2,138,655,000

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width=”26%” height=16>

Advances

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align=middle width=”41%” height=16>

1292

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align=middle width=”48%” height=16>

1411

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width=”26%” height=16>

Declines

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align=middle width=”41%” height=16>

1934

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align=middle width=”48%” height=16>

1620

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width=”26%” height=16>

Up Volume

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align=middle width=”41%” height=16>

1037

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align=middle width=”48%” height=16>

1306

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width=”26%” height=16>

Down Volume

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align=middle width=”41%” height=16>

988

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align=middle width=”48%” height=16>

694

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width=”26%” height=16>

New Hi’s

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align=middle width=”41%” height=16>

213

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align=middle width=”48%” height=16>

205

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width=”26%” height=16>

New Lo’s

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align=middle width=”41%” height=16>

68

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align=middle width=”48%” height=16>

38

Sectors

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Strongest
Sectors


Weakest
Sectors

Technology
(
TXX |
Quote |
Chart |
News |
PowerRating)
S&P Insurance
(
IUX |
Quote |
Chart |
News |
PowerRating)
Securities Broker Dealer
(
XBD |
Quote |
Chart |
News |
PowerRating)
North American Telecoms
(
XTC |
Quote |
Chart |
News |
PowerRating)
Disk Drive
(
DDX |
Quote |
Chart |
News |
PowerRating)
Morgan Stanley Health Prdcts
(
RXP |
Quote |
Chart |
News |
PowerRating)
Helvetica>

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




ECB Leaves Base Rate Unchanged; Trichet Comments
Dampen May-hike Hopes, Euro Plunges (full
story
).



Helvetica>


Weekly Jobless Claims Show Unexpected Decline (full
story
).




John Patrick Lee


johnl@tradingmarkets.com



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