Markets Start The Week On A Positive Note
Mergers and acquisitions
boost investor sentiment to start the week on the right foot; major indices all
close in the green.
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) announced plans to buy Pfizer’s
(
PFE |
Quote |
Chart |
News |
PowerRating)
consumer-products division for $16.6 billion. JNJ closed down nearly 2% and PFE
closed up just over 1%.
Phelps Dodge
(
PD |
Quote |
Chart |
News |
PowerRating)
announced plans to buy two Canadian mining companies for a reported $40 Billion.
PD closed down nearly 8%.
Crude oil futures traded higher for the day, closing
up over 1% at 71.70.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Pacific Ethanol
(
PEIX |
Quote |
Chart |
News |
PowerRating)
Power Rating
Appoints John Miller As COO, Christopher Wright As General Counsel (full
story).
Boston Scientific
(
BSX |
Quote |
Chart |
News |
PowerRating)
Power Rating
Recalls Some Heart Devices; Provides Safety Information (full
story).
Phelps Dodge
(
PD |
Quote |
Chart |
News |
PowerRating)
Power Rating
To Acquire Inco
(
N |
Quote |
Chart |
News |
PowerRating),
Falconbridge
(
FAL |
Quote |
Chart |
News |
PowerRating) For $40 Bln; Deal To Create Phelps Dodge
Inco Corp.(full
story).
Kraft Foods
(
KFT |
Quote |
Chart |
News |
PowerRating)
Power Rating
Hires Irene Rosenfeld As CEO To Replace Roger Deromedi (full
story).
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating)
Power Rating
Signs Deal To Purchase Pfizer’s Consumer
Health Care Unit For $16.6 Bln., To Acquire Zyrtec OTC Rights On Patent Expiry (full
story).
Bunge
(
BG |
Quote |
Chart |
News |
PowerRating)
Power Rating
Cuts FY06 Profit Outlook Amid Brazil Farmers Protest (full
story).
Finisar
(
FNSR |
Quote |
Chart |
News |
PowerRating)
Power Rating
Wins Patent Infringement Suit Against DirecTV (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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+56.19
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11,045.28
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NASDAQ
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+12.20
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2,133.67
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S&P 500
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+6.06
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1,250.56
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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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1,877,851,000
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1,391,776,000
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Advances
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1979
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1797
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Declines
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1271
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1234
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Up Volume
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1073
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787
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Down Volume
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569
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473
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New Hi’s
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39
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60
width=”26%” height=16>
New Lo’s
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180
align=middle width=”48%” height=16>
82
Sectors
Strongest
Sectors
Weakest
Sectors
(
GIN |
Quote |
Chart |
News |
PowerRating)
(
DRG |
Quote |
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News |
PowerRating)
(
OSX |
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Chart |
News |
PowerRating)
(
RXH |
Quote |
Chart |
News |
PowerRating)
(
BKX |
Quote |
Chart |
News |
PowerRating)
(
MSH |
Quote |
Chart |
News |
PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Helvetica>
May New Home Sales Show Unexpected Increase (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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