Markets Slide Into The Red For The Year
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Major indexes slide as New Year gains are lost;
Dow, S&P and Nasdaq all down over 1.5%.
Dow has biggest one day point loss since March 2003;
Nasdaq posts biggest loss since September 2003.
Missed earnings from GE and Citigroup, combined with a
four-month high in crude prices, lead to heavy selling across all three of the
major indices.
Supertex
(
SUPX |
Quote |
Chart |
News |
PowerRating) closed down almost 30% after missing earnings by 9 cents.Â
SUPX’s
(PowerRating).
Ford
(
F |
Quote |
Chart |
News |
PowerRating) announced considerations to cut 25,000 jobs over next four
years in a move to curb North American losses. F’s
(PowerRating).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Bankruptcy Court Approves
United Airlines’
(
CAL |
Quote |
Chart |
News |
PowerRating) Reorganization Plan (full
story).
Alltel Net
(
AT |
Quote |
Chart |
News |
PowerRating)
Income Sees Double Digit Growth, But Earnings Miss (full
story).
A.C. Moore Arts & Crafts
(
ACMR |
Quote |
Chart |
News |
PowerRating) Sees FY05 EPS Below Estimates; Guides FY06 (full
story).
Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) Q4
Profit Surges 30% On Gain From Sale Of Business; Boosts Quarterly Dividend By
11% (full
story).
Albertson’s
(
ABS |
Quote |
Chart |
News |
PowerRating)
To Talk To Consortium On Buy Out (full
story).
KeyCorp
(
KEY |
Quote |
Chart |
News |
PowerRating)
Q4 EPS Up, Beats Estimates On Commercial Loan Growth, Higher Fee Income; Sees Q1
EPS Above Consensus (full
story).
Genworth
(
GNW |
Quote |
Chart |
News |
PowerRating)
Financial Q4 Operating EPS Rises, Tops Estimate; To Acquire Continental Life For
$145 Mln (full
story).
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
Â
width=”26%” height=14>
Dow
align=middle width=”41%” height=14>
-213.32
align=middle width=”48%” height=14>
10667.39
width=”26%” height=16>
NASDAQ
align=middle width=”41%” height=16>
-54.11
align=middle width=”48%” height=16>
2247.70
width=”26%” height=16>
S&P 500
align=middle width=”41%” height=16>
-23.55
align=middle width=”48%” height=16>
1261.49
width=”26%” height=16>
align=middle width=”41%” height=16>
size=2>NYSE
align=middle width=”48%” height=16>
size=2>NASDAQ
width=”26%” height=14>
Volume
align=middle width=”41%” height=14>
2,819,295,000
align=middle width=”48%” height=14>
2,348,118,000
width=”26%” height=16>
Advances
align=middle width=”41%” height=16>
981
align=middle width=”48%” height=16>
834
width=”26%” height=16>
Declines
align=middle width=”41%” height=16>
2301
align=middle width=”48%” height=16>
2222
width=”26%” height=16>
Up Volume
align=middle width=”41%” height=16>
421
align=middle width=”48%” height=16>
256
width=”26%” height=16>
Down Volume
align=middle width=”41%” height=16>
2146
align=middle width=”48%” height=16>
2068
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
240
align=middle width=”48%” height=16>
171
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
43
align=middle width=”48%” height=16>
35
Â
Strongest
Sectors
Weakest
Sectors
(
OSX |
Quote |
Chart |
News |
PowerRating)
(
SOX |
Quote |
Chart |
News |
PowerRating)
Deutsche Bank Energy
(
DXE |
Quote |
Chart |
News |
PowerRating)
(
GSM |
Quote |
Chart |
News |
PowerRating)
(
XNG |
Quote |
Chart |
News |
PowerRating)
(
XAL |
Quote |
Chart |
News |
PowerRating)
Â
Helvetica>
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Richmond Fed President Says Short Term
Rates Should Not Be Expected To Remain Constant (full
story).
Helvetica>
John Patrick Lee
johnl@tradingmarkets.com
face=Arial color=#000000 size=2>