Markets Mixed on Continuing Credit Concerns

  • August 1, 2007
  • John Patrick Lee

Stocks are trading mixed on Wednesday morning on continued credit
worries. The pending home sales report for existing homes rose 5%
in June from a month earlier. In addition, July’s Institute of
Supply Management report on manufacturing came in at 53.8, weaker
than the analysts’ projection of 55.0.

Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) To Be Acquired By News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating)
For $5.6 Bln In Cash (full
story).

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Stocks in Motion

Cigna
(
CI |
Quote |
Chart |
News |
PowerRating) Q2 Net Profit Declines On Charges; Boosts FY07 Earnings
Outlook; Shares Down (full
story).

Time Warner
(
TWX |
Quote |
Chart |
News |
PowerRating) Q2 Profit Rises 5.2%; Authorizes $5 Bln Buyback;
Backs FY07 View (full
story).

Kraft Foods
(
KFT |
Quote |
Chart |
News |
PowerRating) Q2 Profit Rises 3.7%; Revenues Up 6.8%; Raises
FY07 Forecast (full
story).

MasterCard
(
MA |
Quote |
Chart |
News |
PowerRating) Turns To Profit In Q2, Adj. Profit Surges On Strong
Volume (full
story).

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


Market Snapshot

Dow

 -3.09 13208.90

NASDAQ

 -13.42 2532.85

S&P 500

 -4.08 1451.19

NYSE NASDAQ

Volume

 1,889,652,000 1,182,111,000

Up Volume

 428 335

Down Volume

 1247 761

Advances

 867 1013

Declines

 2250 1894

New Highs

 22 46

New Lows

 391 282


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Oil & Gas
Equipment & Services		 Credit
Services
Medical
Practitioners		  Gold
Diversified
Computer Systems
Savings & Loan



Economic
News

Pending Home Sales m/m 5.0% vs
-0.5% consensus

ISM Manufacturing 53.8 vs 55.0 consensus

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