Markets Close Flat Heading Into Holiday Weekend

  • February 16, 2007
  • Darren Wong

Stocks closed near the flat line in
today’s session.  Despite numerous economic reports released
today, traders were reluctant to enter the markets in force.

Crude closed higher today by 2.4% to $59.39 on
news of militant attacks in Nigeria, which is Africa’s largest oil
producer.  Gold for April delivery rose along with oil today
adding 0.2% to $6723.80 an ounce.

Our

Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day.  These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days. 

Click here for more information on our Daily Market Bias
indicators.



Stocks in
Motion

Goodyear
(
GT |
Quote |
Chart |
News |
PowerRating) Q4 Loss Widens; Sales Up 2%
(full
story).  GT shares finish lower by 1%.

Chipotle Mexican Grill
(
CMG |
Quote |
Chart |
News |
PowerRating) Q4 Profit
Soars; EPS Beats View (full
story).  CMG shares move up by 6%.

Agilent
(
A |
Quote |
Chart |
News |
PowerRating) Q1 Profit Declines, Adj. EPS
Matches Estimate, Revenue Up 10%; Says Comfortable With Range Of Analyst
Estimates For Q2 & FY07 (full
story).  Shares of A moved lower by 3%.

Campbell Soup
(
CPB |
Quote |
Chart |
News |
PowerRating) Q2 Profit Rises On
Higher Sales, Gain From Sale Of Facility; Lifts FY07 EPS From Cont. Ops. Growth
Outlook (full
story).  CPB shares jumped nearly 7%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +2.56 12,767.57

NASDAQ

 -0.79 2,496.31

S&P 500

 -1.27 1,455.54

 

 NYSE NASDAQ

Volume

 2,295,988,000 1,862,199,000

Advances

 1634 1654

Declines

 1621 1334

Up Volume

 1014 882

Down Volume

 1066 859

New Highs

 200 158

New Lows

 14 41



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Insurance Index (IUX) S&P Retail Index (RLX)
Dow Jones Internet Commerce
Index (ECM)		 Amex Disk Drive Index (DDX)
Nasdaq Telecommunications Index (IXTC) Amex Gold Bugs Index (HUI)


Economic
News

Building Permits 1568K vs 1590K
consensus

Housing Starts 1408K vs 1600K consensus

Core PPI m/m +0.2% vs +0.2% consensus

PPI -0.6% vs -0.6% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com