Markets Head Lower On Earnings Concerns And Jobs Report
Mixed jobs report along with
warnings from 3M Corp. and Advanced Micro send markets lower; major indices down
over 1%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
Board Approves Talks With Nissan, Renault On Possible Alliance (full
story). GM closes up nearly 1%.
Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating)
Grows June Comparable Stores Sales At 6%; Revenues Rise 22%
(full
story). SBUX finishes the day down over 5%.
3M
(
MMM |
Quote |
Chart |
News |
PowerRating) Warns
Of Fall In Q2 Earnings, Excl. Items; Sales Foreseen In Line With Consensus (full
story). MMM closes down over 8%.
KongZhong
(
KONG |
Quote |
Chart |
News |
PowerRating)
Reaffirms Q2 EPS, Revenue Guidance; Cuts FY06 Top Line Outlook (full
story). ZONG closes down sharply by nearly 12%.
Business Objects
(
BOBJ |
Quote |
Chart |
News |
PowerRating)
shares finish trading sharply lower over 21% after lowered guidance and
downgrades from RBC Capital, JP Morgan, and JMP Securities.
Radioshack
(
RSH |
Quote |
Chart |
News |
PowerRating)
closes the day up 23% after receiving upgrades from CSFB and Stifel Nicolaus.
Crude oil futures fall over 1% to close at $73.78.
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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-134.63
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11,090.67
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NASDAQ
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-25.03
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2,130.06
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S&P 500
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-8.60
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1,265.48
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,024,948,000
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1,708,928,000
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Advances
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1224
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821
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Declines
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2045
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2189
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Up Volume
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481
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325
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Down Volume
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1356
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1300
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New Hi’s
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80
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50
width=”26%” height=16>
New Lo’s
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76
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99
Sectors
Strongest Sectors
S&P Banks Index (BIX)
Morgan Stanley Health Provider Index (RXH)
Dow 10 Index (MUT)
Weakest Sectors
Nasdaq Combined Finance Index (OFINX)
Disk Drive Index (DDX)
Securities Broker Dealer Index (XBD)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Job Growth Comes In Below Expectations In June (full
story).
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May Job Growth Revised To 92,000 From 75,000
April Payroll
Increase Revised To 112,000 From 126,000
Unemployment Rate
Unchanged In June At 4.6%
Darren Wong
darrenw@tradingmarkets.com
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