Markets Pause After Reaching New Highs

Major indices close fractionally lower.  Crude
oil futures trade lower by 0.5% to $59.70.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move

Chattem Agrees To Buy Five Brands From
Johnson & Johnson
, Pfizer For $410 Mln; Stock Surges (full
story
).  CHTT shares jumps by over 28%, JNJ shares finish the day flat,
PFE shares fall by 0.4%. 

Prudential Financial Lifts Freeport-McMoRan Copper
& Gold
To Overweight From Neutral Weight With $82 Up From $60 Price Target (full
story
).  FCX shares rise by 2.2%.

Prudential Financial Upgrades Rio Tinto plc To
Overweight From Neutral Weight With $240 Up From $210 Price Target (full
story
).  RTP shares finish lower by 1%.

Micron Q4 Earnings Rise, Miss Estimates (full
story
).  MU shares drop 13.7%. 

Crown Castle, Global Signal To Merge In
$5.8 Bln. Cash And Stock Deal (full
story
).  CCI shares fall over 4%, while GSL shares rise by 7.6%. 

Harrah’s, Keppel Pull Out Of Sentosa Bid (full
story
).  HET shares finish fractionally higher.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.



Market Snapshot

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Dow

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-16.48

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11,850.21

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NASDAQ

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-6.35

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2,299.99

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S&P 500

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-3.63
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1,349.59
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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,474,145,000

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1,641,102,000

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Advances

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1196

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1262

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Declines

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2029

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1716

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Up Volume

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694

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563

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Down Volume

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1535

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963

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New Hi’s

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143

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128

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New Lo’s

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16
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43



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Amex Oil Index (XOI)

Morgan Stanley Healthcare
Providers (RXH)
Amex Disk Drive (DDX) Morgan Stanley Healthcare Payors (HMO)
S&P Chemicals Index (CEX) PHLX Oil Services Sector (OSX)

href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News

Unemployment Rate
At 4.6% In Sept.

Non-Farm Payrolls
Up 51,000 In Sept.

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Darren Wong

darrenw@tradingmarkets.com


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