Markets Slide on Profit Taking, Economic Data

  • December 22, 2006
  • Darren Wong

Major indices trade lower by 0.6%.
Crude oil futures trade lower by 0.4% to $62.41.

Stocks on the Move

News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating) Signs Share Exchange Agreement With Liberty Media
(full
story).  NWS shares finish lower by 0.8%.

TransCanada
(
TRP |
Quote |
Chart |
News |
PowerRating) To Acquire ANR And Additional Stake In Great
Lakes For US$3.4 Bln (full
story).  TRP shares fall by nearly 2%.

Shire
(
SHPGY |
Quote |
Chart |
News |
PowerRating), New River
(
PRPH |
Quote |
Chart |
News |
PowerRating): FDA Issues Second
Approvable Letter For VYVANSE To Treat ADHD (full
story).  NRPH trades fall by over 2%.  SHPGY shares trade
fractionally lower.

TriZetto Group
(
TZIX |
Quote |
Chart |
News |
PowerRating) Anticipates Q4, FY06 Results Towards Top
End Of Outlook Ranges (full
story).  TZIX shares rise by 2.3%.

Walgreen
(
WAG |
Quote |
Chart |
News |
PowerRating) Q1 Profit Up 25% On Strong Prescription Sales (full
story).  WAG shares rise by 1.5%.

Pinnacle Airlines
(
PNCL |
Quote |
Chart |
News |
PowerRating) Soaring On News Of Agreement With
Northwest Airlines (full
story).  PNCL shares jump 59%.

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

Market Snapshot

Dow


-78.03
12,343.22

Nasdaq
-14.67
2,401.18

S&P 500


-7.54
1,401.76

NYSE


NASDAQ

Volume
1,611,170,000
1,295,434,000

Advances
1307
1307

Declines
1893
1689

Up Volume
522
375

Down Volume
950
843

New Highs
109
67


New Lows
14
44


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Morgan Stanley Healthcare Providers Index (RXH)
Amex Oil  Index (XOI)

Amex Gold Bugs
Index (HUI)
Amex Networking
Index (NWX)

S&P Retail Index (RLX)
Nasdaq Telecommunications Index (IXTC)


Economic News

Michigan Sentiment-rev 91.7 vs 90.2 consensus

Personal Income +0.3% vs +0.4% consensus

Personal Spending +0.5% vs +0.6% consensus

Durable Orders +1.9% vs +1.5% consensus

Darren Wong
darrenw@tradingmarkets.com



P.S.

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