Markets Lower on Manufacturing Data
Dow and S&P lose 0.3%, while the Nas loses 0.5%.
Crude oil futures trade lower by 1.4% to $62.80.
Stocks on the Move
BB&T
(
BBT |
Quote |
Chart |
News |
PowerRating) To Buy Coastal Financial
(
CFCP |
Quote |
Chart |
News |
PowerRating) For $394.6
Mln; Deal Gives BB&T The No. 1 Deposit Market Share In Myrtle Beach Market (full
story). BBT shares trade fractionally lower, while CFCP shares jump
15%.
Bristol-Myers
(
BMY |
Quote |
Chart |
News |
PowerRating)Agrees To Pay $499Mln To Settle Federal
Investigations Into Questionable Drug Pricing And Marketing Practices; Cuts FY06
GAAP EPS Forecast (full
story). BMY shares rise by 1%.
Carnival
(
CCL |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises On Higher Cruise Capacity; Guides
Q1, FY07 Within Analysts’ Estimated Range (full
story). CCL shares rise by over 2%.
Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating) Swings To Q3 Profit; Loss Per Share Narrows;
Revenues Up 4.2%; Backs FY07 Guidance (full
story). RAD shares rise by 1.8%.
Raytheon
(
RTN |
Quote |
Chart |
News |
PowerRating) To Sell Aircraft-making Unit To GS Capital, Onex
For $3.3 Bln; Board Approves Addl. Share Repurchase; Cuts FY06, FY07 View (full
story). RTN shares close fractionally lower.
For more stories as they happen, go to our
Breaking News section.
Market Snapshot
|
Dow | -42.62 | 12,421.25 |
| Nasdaq | -11.76 | 2,415.85 |
|
S&P 500 | -5.22 | 1,418.31 |
|
NYSE |
| |
|
Volume | 2,238,153,000 | 1,732,899,000 |
|
Advances | 1354 | 1345 |
|
Declines | 1930 | 1698 |
|
Up Volume | 695 | 517 |
|
Down Volume | 1409 | 1108 |
|
New Highs | 184 | 101 |
|
New Lows | 17 | 49 |
Strongest/Weakest Sectors
| Strongest Sectors | Weakest Sectors |
|
Morgan Stanley Healthcare Providers | Amex Gold Bugs Index (HUI) |
GSTI Services Index (GSV) | PHLX Gold and Silver Sector Index (XAU) |
Morgan Stanley Healthcare Payors Index (HMO) | Amex Airline Index (XAL) |
Economic News
Philadelphia Fed -4.3 vs 4.0 consensus
Leading Indicators +0.1% vs +0.1% consensus
GDP-Final +2.0% vs +2.2% consensus
Chain Deflator-Final +2.2% vs +1.8% consensus
Initial Claims 315K vs 315K consensus
Darren Wong
darrenw@tradingmarkets.com
P.S.
Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.