Markets Start Week to the Upside

  • April 2, 2007
  • Darren Wong

The major indices posted fractionally higher gains
to start off the week.  Gains were made despite a slowdown in
manufacturing and a bankruptcy filing by subprime lender New
Century Financial.

May Crude futures finished the
day fractionally higher to close at $66.04 per barrel.  Gold futures
for June delivery rose $2.50 to $671.50 an ounce.

Around Europe, France’s CAC 40 Index and
Germany’s DAX index both gained over 0.2%, while the U.K.’s FTSE
100 moved lower by 0.14%.



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

Altria Group
(
MO |
Quote |
Chart |
News |
PowerRating) Completes Spin-off Of Kraft Foods

(
KFT |
Quote |
Chart |
News |
PowerRating) (full
story).  MO shares gained 3.5%, while KFT shares dropped 2.6%.

New Century Financial
(
NEWC |
Quote |
Chart |
News |
PowerRating) Files for Bankruptcy;
Plans on Laying Off 3,200 Employees.  NEWC shares dropped 13%.

Tribune Co.
(
TRB |
Quote |
Chart |
News |
PowerRating) Agrees to Buyout From Sam Zell
for $8.2 Billion.  TRB shares added 2.2%.

First Data Corp.
(
FDC |
Quote |
Chart |
News |
PowerRating) to be Acquired for $25.6
Billion.  FDC shares rose by 20.5%.

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

Market Snapshot

Dow

 +27.95 12,382.30

NASDAQ

 +0.62 2,422.26

S&P 500

 +3.69 1,424.55

 

 NYSE NASDAQ

Volume

 2,764,164,000 1,720,824,000

Advances

 1984 1463

Declines

 1266 1570

Up Volume

 1581 742

Down Volume

 965 907

New Highs

 193 119

New Lows

 33 74



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Services Index (GSV) PHLX/KBW Bank Sector Index (BKX)
Amex Gold Bugs Index (HUI) Disk Drive Index Index (DDX)
Amex Natural Gas Index (XNG) S&P Banking Index (BIX)


Economic
News

ISM Index 50.9 vs 51.0
consensus, Bloomberg consensus 51.4

Darren Wong

Associate Editor

darrenw@tradingmarkets.com