Market Slips As Fed Raises Rates
Stocks lose morning gains
after the Fed announces another interest rate hike, hinting at more to come in
the future.
The Federal Reserve raised interest rates 25 basis
points to 4.75%.
Crude oil futures closed higher, up over 2.5%.
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
was trading up over 1% after announcing plans to lay off several hundred workers
in North America to increase profitability.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Lexar Media
(
LEXR |
Quote |
Chart |
News |
PowerRating)
Power Rating
Sees Q1 Revenue In $100-$130 Mln Range, Below Street Views; Expects Net Loss
Between $22 Mln And $30 Mln; Stock Slips 5.6% In Pre-market (full
story).
Tiffany
(
TIF |
Quote |
Chart |
News |
PowerRating)
Power Rating
Reports Lower Q4 EPS Despite Higher Revenues; Guides Q1 EPS Below Consensus,
Reiterates FY06 EPS Outlook (full
story).
Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q1 EPS From Cont. Ops Up 35%, Tops Consensus; Reaffirms FY06 EPS Outlook (full
story).
CIGNA
(
CI |
Quote |
Chart |
News |
PowerRating)
Power Rating
To Reconfirm FY06 Targets (full
story).
Level 3
(
LVLT |
Quote |
Chart |
News |
PowerRating)
Power Rating
Raises Q1, FY06 Adjusted OIBDA Outlook (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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-95.57
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11,154.54
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NASDAQ
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-11.12
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2,304.46
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S&P 500
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-8.38
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1,293.23
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,122,406,000
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1,997,296,000
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Advances
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1179
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1186
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Declines
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2089
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1849
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Up Volume
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532
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770
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Down Volume
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1428
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1163
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New Hi’s
align=middle width=”41%” height=16>
147
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197
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
48
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32
Sectors
Strongest
Sectors
Weakest
Sectors
(
OSX |
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Chart |
News |
PowerRating)
(
XAL |
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News |
PowerRating)
(
DJR |
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News |
PowerRating)
(
HUI |
Quote |
Chart |
News |
PowerRating)
(
DXE |
Quote |
Chart |
News |
PowerRating)
(
XAU |
Quote |
Chart |
News |
PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Consumer Confidence Improves More Than Expected In
March (full
story).
Fed Raises Rates Again, Says Further Hikes May Be
Needed (full
story).
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John Patrick Lee
johnl@tradingmarkets.com
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