Markets Rally on Bernanke Speech

  • February 14, 2007
  • Darren Wong

The U.S. stock markets rallied after Fed
Chairman Bernanke’s speech earlier in the session.  The Dow
was pushed to new record highs as market participants bought on
the Fed chairman’s comments that he sees inflation easing and that
housing is stabilizing.

Our

Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day.  These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days. 

Click here for more information on our Daily Market Bias
indicators.

Gold for April delivery rose to its
highest level since July closing up 0.7 to $673.30 an ounce.

Crude for March delivery
has closed lower today 1.8% to $58.00 a barrel after the weekly
crude inventory report showed less than expected drawdowns in
crude supplies.


Stocks in
Motion

DaimlerChrysler
(
DCX |
Quote |
Chart |
News |
PowerRating) Q4 Profit Declines;
Chrysler Group To Cut 13000 Jobs In Three Years; Stock Up Over 5% (full
story).  DCX shares soar by 8.5%

Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Surge, Top Estimates (full
story).  AMAT shares jump 4%.

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 22% On CCE
Impairment Charge; Adj. EPS Beats Estimate; Revenue Up 7%; To Repurchase $2.5
Bln – $3.0 Bln Stock (full
story).  KO shares closed lower by 0.8%.

NVIDIA
(
NVDA |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Beat
Estimates (full
story).  NVDA shares lost 1.4%.

Deere & Co.
(
DE |
Quote |
Chart |
News |
PowerRating) Q1 Net Income Increases,
Revenues Up 5%; Guides Q2, FY07 (full
story).  DE shares jumped 9.5%.

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

Market Snapshot

Dow

 +86.77 12,741.62

NASDAQ

 +28.50 2,488.38

S&P 500

 +11.04 1455.30

 

 NYSE NASDAQ

Volume

 2,583,178,000 2,113,348,000

Advances

 2161 1747

Declines

 1124 1309

Up Volume

 1813 1556

Down Volume

 520 398

New Highs

 369 196

New Lows

 16 37



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Nasdaq Telecommunications  Index (IXTCX) Dow Jones Equity REIT  Index (DJR)
Amex Securities Broker/Dealer Index (XBD) Nasdaq Insurance Index (INSR)
Nasdaq Other Finance Index (OFINX) S&P Retail Index (RLX)


Economic
News

The E.I.A. reports
that crude oil inventories had a draw 589K barrels

Business Inventories unchanged vs +0.1%
consensus

Retail Sales ex-auto +0.3% vs +0.4%
consensus, prior +1.0%

Retail Sales unchanged vs +0.3% consensus,
prior +0.9%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com