Markets Move Higher Despite Earnings Disappointments
Markets overlook big earnings
disappointments to close slightly in the green.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) Q2
Earnings Jump 62% On Higher Prices, Strong Market Demand (full
story). AA shares finish today’s session down over 4%.
Glaxosmithkline
(
GSK |
Quote |
Chart |
News |
PowerRating)
Says FDA Approves Avandamet As A Front-line Treatment In Type 2 Diabetes (full
story). GSK shares close down fractionally.
Lucent
(
LU |
Quote |
Chart |
News |
PowerRating)
Sees Lower Q3 Revenue, Earnings (full
story). LU ends the day down over 5.5%.
Pepsi Bottling
(
PEP |
Quote |
Chart |
News |
PowerRating)
Posts Flat Profit In Q2; Adj. EPS Up 17%, Tops Consensus; Revenues Up 10%, Beats
Estimates; Raises FY06 Earnings Outlook (full
story). PEP shares up 1%.
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)
Gets FDA Approval For PONV Drug EMEND (full
story). MRK shares close up 1%.
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
Reveals Broad Partner Support To Deliver Applications For Windows Vista (full
story). MSFT closes down nearly 1.7%.
Nucor
(
NUE |
Quote |
Chart |
News |
PowerRating) To
Set Up Special Bar Quality Products Steel Mill In Southern U.S. (full
story). NUE finished the day down 0.86%.
Crude oil futures closed higher today by 0.75% at
$74.05.
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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+31.22
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11,134.77
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NASDAQ
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+11.93
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2,128.86
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S&P 500
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+5.18
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1,272.52
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,319,167,000
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1,971,025,000
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Advances
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2051
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1693
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Declines
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1225
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1338
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Up Volume
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1183
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1164
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Down Volume
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1036
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755
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New Hi’s
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66
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48
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New Lo’s
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104
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123
Sectors
Strongest Sectors
Deutsche Bank Energy Index (XNG)
Oil Index CBOE (XOI)
Natural Gas Index (XNG)
Weakest Sectors
Networking Index (GSV)
GSTI Services Index (GSV)
Pharmaceutical Index (DRG)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
No major economic releases scheduled for today.
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Darren Wong
darrenw@tradingmarkets.com
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