Major Indices Finish In The Red Despite Morning Rally
Markets selloff in afternoon
trading despite good earnings from Cisco and Disney; major indices all end up in
the red.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating)
Posts Flat Q4 Earnings; Tops Estimates, Ex-items (full
story). CSCO shares soar to close up by nearly 15%.
Walt Disney
(
DIS |
Quote |
Chart |
News |
PowerRating)
Q3 Profit Climbs On Pixar Gain; Segmental Results Boost Revenues (full
story). DIS rise in early trading, but finish the day fractionally
lower.
Federated Department Stores
(
FD |
Quote |
Chart |
News |
PowerRating) Q2 EPS From Cont. Ops Rises On Gain, Tax Refund; Guides Q3, Q4; Raises
FY06 Outlook (full
story). FD shares close up nearly 2%.
News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating)
Q4 Profit Rises 19% (full
story). NWS shares finish the day lower by 1.5%.
Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating)
Q3 Home Building Revenues Decline; Lowers Q4 Home Delivery Forecast (full
story). TOL shares drop by over 6%.
Foster Wheeler
(
FWLT |
Quote |
Chart |
News |
PowerRating)
Posts Higher Q2 EPS On Asbestos Settlement (full story). FWLT shares jump
by over 6%.
Crude oil futures close fractionally lower to close at
$76.12.
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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-98.13
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11,075.46
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NASDAQ
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-0.57
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2,060.28
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S&P 500
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-5.55
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1,265.93
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,524,911,000
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2,042,985,000
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Advances
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1405
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1151
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Declines
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1835
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1830
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Up Volume
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874
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1087
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Down Volume
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1371
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799
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New Hi’s
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120
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49
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New Lo’s
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105
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197
Sectors
Strongest Sectors
Inter@ctive Week Internet Index (IIX)
Networking Index (NWX)
GSTI Multimedia Networking Index (GIP)
Weakest Sectors
S&P Banks Index (BIX)
S&P Retail Index (RLX)
Kbw Bank Index 700 to 795 (BKX)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Oil And Gasoline Inventories Fall
(full
story).
Wholesale Inventories And Sales Increase In June
(full
story).
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Darren Wong
darrenw@tradingmarkets.com
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