Markets Soar On Possible Fed Rate Pause
Markets ignited by Bernanke
comments, strong earnings, and oil at 3-week lows; major indices all up nearly
2%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
UnitedHealth
(
UNH |
Quote |
Chart |
News |
PowerRating) Q2 Profit Up 26% (full
story). UNH shares close sharply higher up 5%.
Bank Of America
(
BAC |
Quote |
Chart |
News |
PowerRating)
Q2 Profit Up 18% (full
story). BAC finishes the day up over 3%.
JP Morgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings More Than Triple (full
story). JPM closes up over 5%.
AMR Corp.
(
AMR |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings Meets Expectations; Revenues Rise 12.5% (full
story). AMR shares finish up over 1%.
H.J. Heinz
(
HNZ |
Quote |
Chart |
News |
PowerRating)
Sees Better-Than-Expected Q1 Results, Backs Full Year EPS Outlook (full
story). HNZ shares finish higher by 1%.
Flir Systems
(
FLIR |
Quote |
Chart |
News |
PowerRating)
Q2 EPS Slips; Backs FY06 EPS View But Lowers Revenue Outlook (full
story). FLIR closes down nearly 5%.
Southwest
(
LUV |
Quote |
Chart |
News |
PowerRating)
Q2 Profit More Than Doubles On Robust Demand, Hedging, Fare Hikes (full
story). LUV closes sharply higher by over 8%.
Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) Q2 Profit Falls; Guides Q3, FY06 (full
story). Shares of YHOO close down sharply over 21%.
Rambus
(
RMBS |
Quote |
Chart |
News |
PowerRating)
To Restate Results From 2003 To Correct Options Accounting; Sees Significant
Expenses (full
story). Shares of RMBS trade lower to close down nearly 15%.
Crude oil futures moved higher in today’s session by
over 1% at $74.73.
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>
+212.11
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11,011.34
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NASDAQ
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+37.49
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2,080.71
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S&P 500
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+22.92
align=middle width=”48%” height=16>
1,259.78
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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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2,702,462,000
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2,276,168,000
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Advances
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2844
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2344
width=”26%” height=16>
Declines
align=middle width=”41%” height=16>
456
align=middle width=”48%” height=16>
699
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Up Volume
align=middle width=”41%” height=16>
-2146
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1612
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Down Volume
align=middle width=”41%” height=19>
174
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499
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New Hi’s
align=middle width=”41%” height=16>
74
align=middle width=”48%” height=16>
55
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
54
align=middle width=”48%” height=16>
83
Sectors
Strongest Sectors
Amex Gold Bugs Index (HUI)
Morgan Stanley Healthcare Index (HMO)
Kbw Banks Index (BKS)
Weakest Sectors
Interactive Week Internet Index (ECM)
Dow Jones Internet Commerce Index (ECM)
Oil Index (XOI)
Helvetica>
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Fed Chief Says Monetary Policy Data Dependent, Will Take Lag Into Account (full
story).
Consumer Prices Show Modest Increase In June (full
story).
Crude Inventories Show Slight Build, Break Recent Streak Of Declines (full
story).
Permits Down 4.3% In June To Rate Of
1.862 Mln. Units
Housing Starts
Down 5.3% To Rate Of 1.850 Mln. Units
CPI Up 0.2% For
June
Core CPI Up 0.3%
For June
Helvetica>
Darren Wong
darrenw@tradingmarkets.com
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