Mixed Earnings Keep Markets Flat
- October 20, 2006
- Darren Wong
Major indices finish flat on the day. Crude oil
futures close lower by 2.9% to $56.82.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Higher Expenses, Flat Sales Hurt Merck’s Q3
Profit; Adj. EPS Tops Consensus By A Penny; Lifts FY06 Earnings Forecast (full
story). MRK shares rise by 2.5%.
Google Q3 Profit Jumps 92.4% (full
story). GOOG shares close sharply higher by 8%.
Revenue Growth Lifts 3M Q3 Profit Up, Guides
Q4, Cuts FY06 EPS (full
story). MMM shares rise by 2.6%.
PMC-Sierra Slips To Q3 Loss On Costs; Non-GAAP
EPS Matches Consensus, Excl. Items; Revenues Soar 53% (full
story). PMCS shares rise by over 4%.
Higher Metal Prices Boost Inco Net Income For
Q3 (full
story). N shares rise by 0.5%.
Strong Revenue Growth Drives Schlumberger Q3
Profit Nearly Doubles; Adj. EPS Tops Consensus (full
story). SLB shares trade down over 4%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
Market Snapshot
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Dow
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-9.36
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12,002.37
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NASDAQ
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+1.36
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2,342.30
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width=”33%” height=17>
S&P 500
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+1.64
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1,368.60
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,523,240,000
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1,852,844,000
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Advances
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1478
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1196
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width=”33%” height=17>
Declines
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1740
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1834
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width=”33%” height=15>
Up Volume
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997
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918
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width=”33%” height=17>
Down Volume
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1333
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866
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width=”33%” height=17>
New Hi’s
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192
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135
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width=”33%” height=17>
New Lo’s
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10
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34
Strongest/Weakest Sectors
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Strongest
Sectors |
Weakest
Sectors |
Morgan Stanley
Healthcare Payors (HMO) |
Amex Disk Drive (DDX) |
Amex Airline (XAL) |
PHLX Oil Services Sector (OSX) |
Dow Jones Internet Commerce (ECM) |
Amex Gold Bugs (HUI) |
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
No economic reports released today.
DHelvetica>arren Wong
darrenw@tradingmarkets.com
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