Markets Slide Fourth Straight Day
Markets close in red
for the fourth straight day; inflationary fears continue to drag the major
indices down.
DuPont
(
DD |
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News |
PowerRating)
closed down 2% after a downgrade at Deutsche Bank. DD’s downgrade came
with a slew of other chemical company downgrades, including
Dow Chemical
(
DOW |
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Chemtura
(
CEM |
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Westlake Chemical
(
WLK |
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PowerRating) and Valspar
(
VAL |
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News |
PowerRating).
Crude oil futures closed down over 2% after the Energy
Department announced a rise in crude inventories.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
EMC
(
EMC |
Quote |
Chart |
News |
PowerRating)
Power Rating
Reaffirms Q2 EPS Forecast; Says Full-year Revenue Will Be Towards The Low End Of
Prior Expected $11.1 – $11.3Bln Range (full
story).
L-3 Communications
(
LLL |
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News |
PowerRating)
Power Rating
CEO Frank Lanza Passes Away; Stock Upbeat On Speculation (full
story).
Vail Resorts
(
MTN |
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PowerRating)
Power Rating
Q3 Profit Rises 16% On Higher Ticket Prices, Skier Visits; EPS Before Items Tops
Estimate; Lifts FY06 Profit Outlook (full
story).
Fairchild Semiconductor
(
FCS |
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News |
PowerRating)
Power Rating
Backs Q2 Revenue Outlook (full
story).
Palatin Technologies
(
PTN |
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News |
PowerRating)
Power Rating
To Defend Arbitration Filed By Competitive Technologies
(
CTT |
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News |
PowerRating)
Power Rating
(full
story).
ValueClick
(
VCLK |
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News |
PowerRating)
Power Rating
Appoints Tom Vadnais President; COO Jeffrey Pullen Quits (full
story).
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
align=middle width=”41%” height=14>
-71.24
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10,930.90
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NASDAQ
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-10.99
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2,151.80
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S&P 500
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-7.72
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1,256.13
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align=middle width=”41%” height=16>
size=2>NYSE
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size=2>NASDAQ
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Volume
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2,549,051,000
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1,912,899,000
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Advances
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1486
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1415
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Declines
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1755
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1591
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Up Volume
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890
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533
width=”26%” height=16>
Down Volume
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1371
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1189
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
29
align=middle width=”48%” height=16>
71
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
97
align=middle width=”48%” height=16>
91
Sectors
Strongest
Sectors
Weakest
Sectors
(
BIX |
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(
OIX |
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(
IXF |
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(
HUI |
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(
BKX |
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(
XOI |
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Crude Inventories Rise In Most Recent Week (full
story).
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A new round of foreign economic reports that came out
today.Â
Check them out
here.
John Patrick Lee
johnl@tradingmarkets.com
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