Markets Slip After Wednesday’s Rally
The markets slip after
yesterday’s rally; major indices all in the red.
Bed, Bath & Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating) closed down 6% after posting a disappointing outlook for the rest of
the year and receiving a downgrade from Bear Stearns.
Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating)
closed up over 9% after dropping the co’s CEO and CFO, citing that new
leadership could significantly boost share price.
RealNetworks
(
RNWK |
Quote |
Chart |
News |
PowerRating)
closed down nearly 11% after a downgrade at Goldman Sachs.
Crude oil futures closed higher for the day, up 0.8%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
A.G. Edwards
(
AGE |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q1 Profit Jumps On Client Assets Growth, Commission Revenue (full
story).
Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q1 Profit Drops, Misses Estimate; Boosts FY07 Sales Outlook; Reaffirms Earnings
Guidance; Stock Slips 9% (full
story).
Yum!
(
YUM |
Quote |
Chart |
News |
PowerRating)
Power Rating
Brands’ U.S. Blended Sales Even In Q2; International And China Divisions Report
Same-store Sales Growth (full
story).
Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating)
Power Rating
Shakes Up Top Brass; COO Ron Hovsepian To Succeed Jack Messman As CEO; Stock Up
5% (full
story).
Family Dollar Stores
(
FDO |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q3 EPS Up 16% Helped By Decline In Shares, And Higher Sales; Tops Consensus By 2
Cents; Guides Q4, Raises FY06 EPS Outlook (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
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-60.35
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11,019.11
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NASDAQ
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-18.22
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2,122.98
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S&P 500
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-6.60
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1,245.60
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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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2,103,458,000
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1,643,600,000
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Advances
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1082
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1168
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Declines
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2137
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1809
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Up Volume
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590
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336
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Down Volume
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1298
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1169
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New Hi’s
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27
align=middle width=”48%” height=16>
50
width=”26%” height=16>
New Lo’s
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165
align=middle width=”48%” height=16>
113
Sectors
Strongest
Sectors
Weakest
Sectors
(
XNG |
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News |
PowerRating)
(
GTC |
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Chart |
News |
PowerRating)
(
BKX |
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News |
PowerRating)
(
GIP |
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Chart |
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PowerRating)
(
XTC |
Quote |
Chart |
News |
PowerRating)
(
CTN |
Quote |
Chart |
News |
PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Helvetica>
Jobless Claims Rise A Little More Than Expected (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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