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
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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
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href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Gap
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March Comp. Store Sales Tumbles 13%; Net Sales Down 9% (full
story).
Wal-Mart
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Sees Q1 EPS Within Its Prior Outlook, Reports 1.4% Comps For March, Guides April
Comps (full
story).
J. C. Penney
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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
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Unit To Buy LSI Logic’s
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Gresham Facility; Proposes 10.5 Mln
Stock
Offering; Backs Q1 Revenue Outlook Below Consensus (full
story).
American Greetings
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Power Rating
Q4 EPS Rises On Lower Tax Rate, Costs And Reduced Share Count; Guides FY07 EPS
Below Consensus (full
story).
Pier 1 Imports
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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
align=middle width=”41%” height=14>
-23.05
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11,216.50
width=”26%” height=16>
NASDAQ
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+1.42
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2,361.17
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S&P 500
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-2.52
align=middle width=”48%” height=16>
1,309.04
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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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2,239,591,000
align=middle width=”48%” height=14>
2,138,655,000
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Advances
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1292
align=middle width=”48%” height=16>
1411
width=”26%” height=16>
Declines
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1934
align=middle width=”48%” height=16>
1620
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Up Volume
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1037
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1306
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Down Volume
align=middle width=”41%” height=16>
988
align=middle width=”48%” height=16>
694
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
213
align=middle width=”48%” height=16>
205
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
68
align=middle width=”48%” height=16>
38
Sectors
Strongest
Sectors
Weakest
Sectors
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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).
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Weekly Jobless Claims Show Unexpected Decline (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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