Markets Continue To Slide On Inflationary Fears
Markets close in the red
again; investors remain nervous about inflation, Bernanke’s coming speeches and
economic reports to be released this week.
Lehman Bros
(
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News |
PowerRating)
closed down over 5% after beating estimates but reporting a slowdown from Q1
results.
Comverse Technology
(
CMVT |
Quote |
Chart |
News |
PowerRating) closed down 13% despite announcing positive earnings this morning;
CMVT is under investigation by the SEC for questionable stock options grants.
Crude oil futures closed lower for the day, down 1.77%
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Nasdaq
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News |
PowerRating)
Power Rating
To Buy PrimeZone Media Network (full
story).
WCI Communities
(
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PowerRating)
Power Rating
Cuts Q2 EPS Outlook As Orders Fall (full
story).
Qualcomm
(
QCOM |
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News |
PowerRating)
Power Rating
Drags Nokia
(
NOK |
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News |
PowerRating)
Power Rating
To ITC On Alleged Patent Infringement (full
story).
Ericsson
(
ERICY |
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News |
PowerRating)
Power Rating
To Sell Defense Business, 40% Stake In Saab Ericsson Space To Saab (full
story).
Trading And Advisory Revenues Help
Lehman
(
LEH |
Quote |
Chart |
News |
PowerRating)
Power Rating
Post Solid Gains In Second Quarter (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>
-99.34
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10,792.58
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NASDAQ
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-43.74
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2,091.32
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S&P 500
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-15.89
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1,236.41
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,194,678,000
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1,882,299,000
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Advances
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745
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671
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Declines
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2499
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2401
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Up Volume
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198
align=middle width=”48%” height=16>
161
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Down Volume
align=middle width=”41%” height=16>
1742
align=middle width=”48%” height=16>
1574
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
19
align=middle width=”48%” height=16>
56
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
169
align=middle width=”48%” height=16>
168
Sectors
Strongest
Sectors
Weakest
Sectors
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(
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(
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(
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(
DJR |
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(
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Cleveland Fed President Troubled By Recent Inflation
News (full
story).
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John Patrick Lee
johnl@tradingmarkets.com
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