High Oil Prices, Middle East Tensions, And Weakness In Tech Weigh On Stocks
Stocks move lower over Middle
East tensions, high oil prices, and continued weakness in technology; major
indices all down over 1%
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Bristol-Myers Squibb
(
BMY |
Quote |
Chart |
News |
PowerRating) And Gilead Sciences
(
GILD |
Quote |
Chart |
News |
PowerRating)
Report FDA Approval For ATRIPLA (full
story). BMY finished the day down 1.5%, while GILD was up fractionally
0.15%.
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings Surge, Top Estimate; Boosts FY06 EPS Growth (full
story). DNA shares finished the day down over 3%.
Infosys Technologies
(
INFY |
Quote |
Chart |
News |
PowerRating) closed up nearly 5% after beating Wall St. estimates.Â
Genzyme
(
GENZ |
Quote |
Chart |
News |
PowerRating)
Q2 Profit Rises 9%; EPS Ex-items Tops Estimates; Backs FY06 View. GENZ
closed up over 8%.
Arena Resources
(
ARD |
Quote |
Chart |
News |
PowerRating)
Estimates Increased Q2 Revenues On Higher Production. ARD finished up
6.6%.
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
Uneasy With European Commission’s Fine Announcement (full
story). MSFT shares closed down nearly 2% after receiving fine for
$357 million USD.Â
Secure Computing
(
SCUR |
Quote |
Chart |
News |
PowerRating)
lowered second quarter revenue estimates sending shares down over 38%.
Crude oil futures closed the day up 1.15% at $74.95.
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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-121.59
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11,013.18
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NASDAQ
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-38.62
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2,090.24
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S&P 500
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-13.90
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1,258.62
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,157,838,000
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1,746,218,000
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Advances
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997
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789
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Declines
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2277
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2231
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Up Volume
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494
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323
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Down Volume
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1430
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1289
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New Hi’s
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63
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48
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New Lo’s
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116
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97
Sectors
Strongest Sectors
Deutsche Bank Energy Index (DXE)
Oil Index (OIX)
Morgan Stanley Health Provider Index (RXH)
Weakest Sectors
S&P Retail Index (RLX)
GSTI Internet Index (GIN)
Combined Computer (IXCOX)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Crude Inventories Fall Sharply, Add To Recent Decline (full
story).
Gasoline Inventories Down 400,000
Barrels
Crude Oil
Inventories Dow 6 Mln. Barrels
Distillate
Inventories Rise 2.6 Mln. Barrels
U.S. Trade Deficit Sees Modest Increase In May (full
story).
IEA 2006 Demand Growth Forecast Unchanged, Demand Is Expected To Firm Up To 1.57
Mln In 2007 (full
story).
Exports Rise By
2.4% In May
Imports Climbed
1.8% In May
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Darren Wong
darrenw@tradingmarkets.com
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