Markets Rise Despite Weak Housing Data

  • May 25, 2007
  • Darren Wong

U.S. stocks rose despite falling existing home
sales. Existing home sales report slid to a 4-year low in
April. 

June crude futures fall fractionally
to $64.83 per barrel. 
June gold futures add 0.5% through the morning to $656.5 an ounce.

Around Asia, Shanghai’s Composite
reached a new high adding 0.7% to 4,179.78, Tokyo’s Nikkei fell
1.2% to 17,481.21, and Hong Kong’s Hang Seng lost 1.3% to
20,520.66.

Today’s

PowerRatings Heat Map still looks overall bearish, but a few sectors such as
metals and mining are starting to show some stocks with high
PowerRatings.  It will be interesting to see how this bearish
theme plays out next week. 



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 


Stocks in
Motion

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) To Acquire Vitaminwater Maker Glaceau
For $4.1 Bln In Cash (full
story).  KO shares rise by 1.4%.

Gap
(
GPS |
Quote |
Chart |
News |
PowerRating)
Q1 Profit Declines; Backs Full Year Outlook (full
story). GPS shares add 1.5%.

Aruba Networks
(
ARUN |
Quote |
Chart |
News |
PowerRating) Q3 Loss Widens On
Non-operating Expenses; Revenues Surge 65% (full
story).  ARUN shares jump 7%.

Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating) Q1 Profit Surges 73%; Revenues Up 12%; Same-store Sales Rise 2.5%;
Sees Q2 EPS Above Consensus (full
story).  ARO shares lose 0.7%.

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

Market Snapshot

Dow

 +38.93 13,480.06

NASDAQ

 +13.55 2,551.47

S&P 500

 +5.25 1,512.94

 

 NYSE NASDAQ

Volume

 1,072,762,000 685,999,000

Advances

 2222 1850

Declines

 846 1029

Up Volume

 638 477

Down Volume

 213 155

New Highs

 61 63

New Lows

 21 45


   



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Payors Index (HMO) Computer Hardware Index (HWI)
GSTI Services Index (GSV) Amex Gold Bugs Index (HUI)
PHLX/KBW Bank Sector Index (BKX) GSTI Software Index (GSO)


Economic
News

Existing Home Sales
5.99 mln vs 6.13 mln consensus; m/m -2.6%, prior -8.4%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com